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Top related persons:
Sweetgreen - 2 Cava - 2 Tricia Tolivar - 2 Mitch Reback - 1 didn't - 1 Uber - 1 Tolivar - 1 Brett Schulman - 1
Top related locs:
Cava North America New York City
Top related orgs:
New York Stock Exchange - 1 CNBC - 1

Search resuls for: "Tolivar"


2 mentions found


☆ Cava and Sweetgreen see delivery orders fall as customers pick up their own food
  + stars: | 2023-08-16 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
Delivery orders are typically more expensive, thanks to added fees and tips for delivery drivers. But delivery orders have also become an important contributor to restaurants' revenue because customers' receipt totals are higher. Cava's second-quarter sales growth wasn't hurt by softening delivery sales, but the Mediterranean chain's full-year forecast was cautious. After same-store sales growth of 28.4% for the first quarter and 18.2% for the second quarter, Cava is anticipating same-store sales growth of just 13% to 15% for the full year. Uber said its second-quarter delivery sales rose 14%, while DoorDash's total orders climbed 25%.
Persons: Sweetgreen, Mitch Reback, Cava, Tricia Tolivar, didn't, Uber Locations: Cava, North America
☆ Cava shares surge as Mediterranean restaurant chain swings to a profit in first report since IPO
  + stars: | 2023-08-15 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. The Mediterranean restaurant company has a market value of $5.27 billion, as of Tuesday's close. However, Tolivar also said that same-store sales growth has moderated in recent weeks. Cava's menu prices were up nearly 8% compared with the year-ago period, though executives said the restaurant chain has no plans to raise prices further. Looking ahead to 2023, Cava expects to report same-store sales growth for the full year of between 13% and 15%.
Persons: Cava, Tricia Tolivar, Tolivar, Sweetgreen, Brett Schulman Organizations: New York Stock Exchange, CNBC Locations: Cava, New York City
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