Cava (CAVA) CEO Brett Schulman joins Yahoo Finance Live to discuss the Mediterranean fast-casual chain's extensive growth plans, including 48 to 52 new locations in 2024 on the way to 1,000 by 2032.
Schulman says Cava's "unique cuisine where taste and health unite" shows the "white space potential" to keep expanding nationwide. The 2024 target is a "moderation" versus 2023, giving him confidence in Cava's ability to execute.
Beyond physical stores, Schulman wants to grow digital channels, saying it's not "either or, but an 'and'", while both in-person and online channels are successful today. He aims to create a "multi-channel business" catering to all consumer needs.
On rising wages, Schulman says investing in employees and guests "creates long-term shareholder value." Cava won't offset pressures via consumer prices, but will keep investing in its team, Schulman states.
#youtube #CAVA #food
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