BROS - Best Stock to Buy Right Now: Cava vs. Dutch Bros
2024-04-11 09:00:00 ET
There are few things more exciting on Wall Street than a young, up-and-coming restaurant brand. Geographic expansion plans for companies like Cava Group (NYSE: CAVA) and Dutch Bros (NYSE: BROS) often result in incredible revenue growth. But there's more to look at when picking an up-and-coming food concept than rising revenue. Here's why Cava looks like it is in a better position to thrive than Dutch Bros right now.
Image source: Getty Images.
Cava and its Mediterranean-themed food was able to increase revenue nearly 60% in 2023. That was helped along by the opening of 73 new locations, bringing the total store count to 309 by the end of the year. That's a massive 30% jump in the store count in just one year. That pace of store openings is not sustainable, and management knows it, with the new store growth target for 2024 set to come in between 48 and 52 new locations.
For further details see:
Best Stock to Buy Right Now: Cava vs. Dutch Bros