Cava is set to make its public market debut today. CEO Brett Schulman joins SquawkStreet to discuss his history with the company, momentum in the business and more.
Cava, founded in 2006, opened its first location in 2011 and now operates more than 260 restaurants. It has drawn frequent comparison toLast year, Cava reported net sales of $564.1 million, up 12.8% from the year prior.
However, its reported net loss was $59 million, wider than a net loss of $37.1 million in 2021.Correction: Cava raised its pricing expectations for its initial public offering Monday. An earlier version of this story misstated the day.
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