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Top related persons:
Zoes - 1 It's - 1 Brett Schulman - 1 Chipotle - 1
Top related locs:
Cava New York City Chao
Top related orgs:
New York Stock Exchange - 1 Group - 1 Brands - 1

Search resuls for: "Zoes"


3 mentions found


☆ Mediterranean restaurant chain Cava stock soars as much as 107% in market debut
  + stars: | 2023-06-15 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 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 stock trades on the New York Stock Exchange under the ticker symbol "CAVA." The company sold 14.4 million shares, raising nearly $318 million and initially valuing the restaurant chain at roughly $2.45 billion. Shares of Mediterranean restaurant chain Cava soared as much as 107% in its market debut Thursday morning before giving up some of those gains. Sector leader Chipotle made its public market debut back in 2006 and has seen its market value grow to $56.9 billion.
Persons: Zoes, It's, Brett Schulman, Chipotle Organizations: New York Stock Exchange, Group, Brands Locations: Cava, New York City, Chao
☆ Mediterranean restaurant chain Cava files for IPO as revenue climbs
  + stars: | 2023-05-19 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Mediterranean restaurant chain Cava saw its revenue rise 12.8% in 2022, according to regulatory filings released Friday as it filed to go public through an initial public offering. Over the last five years, it's converted Zoes' footprint into new Cava locations. Last year, the company's net sales climbed to $564.1 million, 12.8% higher than the year earlier. The company has 263 locations open as of April 16 and plans to open 34 to 44 new units by the end of the year. But investors might have an appetite for Cava stock despite concerns about a potential recession this year hitting restaurant demand.
☆ Mediterranean restaurant chain Cava confidentially files for an IPO
  + stars: | 2023-02-06 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
Mediterranean chain Cava announced Monday it has confidentially filed for an initial public offering. It's the first restaurant company so far this year to take the first step toward a public market debut, following a drought of IPOs in 2022. In 2018, it bought Zoes Kitchen for $300 million, taking the chain private. The company is converting Zoes locations into new Cava restaurants, expanding its footprint. Cava also sells its dips and spreads, like spicy hummus, tzatziki and tahini dressing, at Whole Foods and other grocery stores.
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