Analyzing Cava’s IPO filing
Is the fast-casual Mediterranean chain ready for pickup?
Cava, the fast-casual restaurant chain, filed to go public this week. The timing is not ideal — I’ll get to that — but the narrative looks pretty good.
As a quick intro, Cava — founded in the DC area in 2010 — is sort of a Chipotle for Mediterranean food. It offers bowls, salads, and pita wraps with an assembly line setup of grilled and braised meats, spreads and sauces like red pepper hummus and Crazy Feta, and cool and crunchy toppings like cucumbers and pickled onions.
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