CAVA Group Inc.

General Information

CAVA is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. As of April 16, 2023, we own and operate 263 restaurants in 22 states and Washington, D.C.

Rooted in our rich Mediterranean heritage, we bring a timeless approach to modern wellness through our authentic cuisine and vibrant brand experience. Guided by our mission, we believe food is a unifier for a more diverse and inclusive world for our guests, Team Members, and our grower and rancher partners, where all are welcome at our table. We believe that consumers should not have to choose between taste and health – our innovative cuisine appeals to a wide variety of preferences, satisfying the modern consumer’s desires for flavorful, craveable and nutritious food without compromise.

Over the past 12 years, we have established ourselves as the only national player at scale in the fast-growing Mediterranean category, with more than twice the number of restaurants compared to our next largest competitor in the category. Our brand and our opportunity transcend the Mediterranean category to compete in the large and growing limited-service restaurant sector as well as the health and wellness food category. CAVA serves guests across gender lines, age groups, and income levels and benefits from generational tailwinds created by consumer demand for healthy living and a demographic shift towards greater ethnic diversity. We meet consumers’ desire to engage with convenient, authentic, purpose-driven brands that view food as a source of self-expression. The broad appeal of our food combined with these favorable industry trends drive our vast opportunity for continued growth.

**Note: Revenue and net loss figures are for the 12 months that ended March 31, 2023.

(Note: CAVA Group filed its S-1 on May 19, 2023. The company filed confidential IPO documents with the SEC in February 2023.) 

Industry: Retail - Eating Places
Employees: 7400
Founded: 2006
Contact Information
Address 14 Ridge Square NW, Suite 500 Washington, D.C. 20016
Phone Number (202) 400-2920
Web Address
View Prospectus: CAVA Group Inc.
Financial Information
Market Cap
Revenues $608.2 mil (last 12 months)
Net Income $-41.1 mil (last 12 months)
IPO Profile
Symbol CAVA
Exchange NYSE
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers J.P.Morgan/ Jefferies/ Citigroup/ Morgan Stanley/ Piper Sandler
CO-Managers Baird/ Stifel/ William Blair
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change