Cava CEO discusses Q3 earnings beat, slowing sales outlook, catering as a new growth opportunity

Mediterranean fast-casual chain Cava (CAVA) reported surging same-store sales in its third-quarter earnings beat. Yahoo Finance’s Brooke DiPalma joins Cava Co-Founder and CEO Brett Schulman from the New York Stock Exchange to discuss the chain’s plans for wages and where it is finding new growth opportunities: catering
we want to be mindful that it doesn’t come at the expense of other channels. So how do we build that production to support catering without impacting our already significant average unit volumes where some restaurants… don’t have a lot of extra excess capacity to do catering?” Schulman outlines. “So we have been testing a number of formats, one we call our hybrid kitchen.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Additionally, you can also watch Schulman’s interview from the Yahoo Finance Invest summit that aired live on November 7.
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