Same Store Sales %, also known as comparable-store sales, is the most important financial metric for restaurant operators to evaluate the performance of existing stores. It is the percentage growth of the average sales per store from the previous period to current period.
A positive number indicates that more sales were generated in the same store compared with the previous period, meaning demand is growing, while a negative number indicates the opposite.
Cava Group's Same Store Sales % for the quarter that ended in Dec. 2023 was 11.40%
, which is lower than
14.10% for the pervious quarter ended in Sep. 2023.
Cava Group's Same Store Sales % for the annual that ended in Dec. 2023 was 17.90%
, which is higher than
14.20% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Cava Group's Same Store Sales % or its related term are showing as below:
CAVA's Same Store Sales % is not ranked *
in the Restaurants industry.
Industry Median: * Ranked among companies with meaningful Same Store Sales % only.
Cava Group Same Store Sales % Historical Data
The historical data trend for Cava Group's Same Store Sales % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cava Group's Same Store Sales %
For the Restaurants subindustry, Cava Group's Same Store Sales %, along with its competitors' market caps and Same Store Sales % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cava Group (NYSE:CAVA) Same Store Sales % Explanation
Same Store Sales %, also known as comparable-store sales, is the most important financial metric for restaurant operators to evaluate the performance of existing stores. It is the percentage growth of the average sales per store from the previous period to current period.
A positive number indicates that more sales are generated in the same store compared with the previous period, meaning growing demand demand is growing, while a negative number indicates the opposite. The higher the number is, the more growth the retailer has.
For restaurants, same-store sales can be improved by two factors: average ticket size and customer traffic. If each customer buys more on average, the average ticket size will increase. If more customers are buying from the store, the number of tickets will increase.
Cava Group Same Store Sales % Related Terms
Thank you for viewing the detailed overview of Cava Group's Same Store Sales % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.
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