Down 44%, Is It Time to Buy This Growth Stock?

Cava (NYSE: CAVA) has been one of the most impressive stories in the restaurant industry lately.After getting off to a shaky start after its June 2023 IPO, the stock soared through much of 2024 as it delivered blockbuster results with rapid growth on the top line and expanding margins on the bottom line, indicating strong demand for the Mediterranean fast-casual chain's fare.Cava just capped off a year with 35.1% revenue growth to $954.3 million, driven by 58 new restaurant openings and same-store sales growth of 13.4%. Average unit volumes, or average sales per store, rose from $2.6 million to $2.9 million, showing that new stores are delivering strong results and that comp sales are having an impact. That led to a surge in profits, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rising 71% from $73.8 million to $126.2 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool