Market Hit: CE Data Mirrored Restaurant Company Cava Group Company-Reported Growth 

Fast-casual Mediterranean restaurant company Cava Group (CAVA) reported total revenue growth of +27%, in-line with the CE Implied reported growth of +27%, and beating consensus estimates of +23%.

Cava Grill Year-Over-Year Revenue Growth

Cava Grill New Customer Growth

While traffic growth remains steady, CAVA mentioned room to grow in brand awareness and relationships with existing customers – especially with the launch of its new loyalty program.  CE data showed that roughly 25% of customers were new this quarter compared to last quarter’s 29%. CE clients can leverage our data to monitor how CAVA balances acquiring new customers with retaining and growing their customer base both in size, frequency, and share of wallet.

Consumer Edge is the leading provider of alternative data for consumer spending behavior, and the only provider of global revenue signals. If you’d like to benefit from using Transact US or other products for restaurants, retail, and other industry data year-round to track trends and market hits like these, reach out to insights@consumeredge.com.

About the Authors

Katherine Bjorkman is the Director of Insights for the CEIC. Explore more of her insights here and follow her on LinkedIn.

Rachel Zucker is an Insights Analyst for the CEIC. Follow her on LinkedIn.