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re: Bought cava

Posted on 2/27/24 at 6:23 am to
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 2/27/24 at 6:23 am to
Earnings are out and looking good so far.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 5/28/24 at 3:55 am to
Bump. Earnings today. Nice run after the last one.
This post was edited on 5/28/24 at 3:56 am
Posted by SlidellCajun
Slidell la
Member since May 2019
10610 posts
Posted on 5/28/24 at 10:58 am to
Up 5% today!

Posted by lionward2014
New Orleans
Member since Jul 2015
11789 posts
Posted on 5/28/24 at 11:18 am to
Bought at $42 and kicking myself I didn’t buy twice as much.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 5/28/24 at 3:25 pm to
Around same spot i bought as well. Yeah hindsight is always 20/20 but if you listened to some of the stock gurus in here you probably would have sold at 45 .
This post was edited on 5/28/24 at 3:28 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
10610 posts
Posted on 5/28/24 at 8:44 pm to
After hours down 6% in revenue and earnings beat.

No clue why but this could be a gift horse opportunity
Posted by RushHour
East Texas
Member since Dec 2018
101 posts
Posted on 5/29/24 at 6:04 am to
Same here. In at $39.
Posted by SlidellCajun
Slidell la
Member since May 2019
10610 posts
Posted on 5/29/24 at 9:12 am to
Dropping today due to the sales per store figures.
Due to increased prices, they’re seeing
same-store sales slow down. The last qtr saw just 2.3% from a year ago. In the previous quarter, same-store sales grew by more than 11% year over year.

They still have a healthy average unit sales of $2.6 million, with a restaurant-level profit margin at 25.2%. That’s higher than many peers in both fast food and the fast casual industry. 
Posted by STLhog
Nashville, TN
Member since Jan 2015
17742 posts
Posted on 5/29/24 at 11:13 am to
They need to shave down their menu and rigerous back of house prep. Place is too heavily run by their chefs.

The playbook is literally there with Chipotle. buy only dark meat that isn't veg fed, simplify the menu/back of house prep and reduce labor.

Not sure they're going to be able to execute though. Still pretty overvalued IMO given the challenging development landscape.
This post was edited on 5/29/24 at 11:14 am
Posted by SlidellCajun
Slidell la
Member since May 2019
10610 posts
Posted on 5/29/24 at 1:36 pm to
quote:

They need to shave down their menu and rigerous back of house prep. Place is too heavily run by their chefs. The playbook is literally there with Chipotle. buy only dark meat that isn't veg fed, simplify the menu/back of house prep and reduce labor.

Not sure they’re going to be able to execute


Hmm. Stocks up 7% today.

Seems to me they’re executing very well
Posted by jefforize
Member since Feb 2008
44196 posts
Posted on 5/29/24 at 1:54 pm to
bought the dip to $75 this AM. Felt the street over-reacted to earnings report last night. nice day
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 5/30/24 at 1:28 pm to
Posted by SlidellCajun
Slidell la
Member since May 2019
10610 posts
Posted on 5/30/24 at 7:26 pm to
[quote]LINK ]


Indeed

Hit 94 today

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