1519 ET - Mediterranean-style chain Cava is still firmly in expansion mode, with new store openings fueling most of its foot traffic growth, which was up 27% year over year in 4Q, Placer.ai data shows. The company, which increased its footprint to nearly 380 locations in 2024, is likely to post another year of sustained growth in 2025 as it continues to expand, the report reads. The company received a larger share of lunch and dinner guests last year compared with the wider fast-casual average, according to Placer.ai. The firm notes that visits outside of typical meal times increased during warmer months, indicating that customers visited the chain for full meals rather than quick bites on the go. Shares are trading 3.3% lower ahead of Cava's scheduled 4Q report, set to be released after Tuesday's bell. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 15:19 ET (20:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。