Cava CFO touts 15 straight quarters of growth, says brand a hit with flavor-seeking Gen Z [Fortune]
Jack In The Box Inc. (JACK)
Last jack in the box inc. earnings: 2/19 04:05 pm
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Source: Fortune
The company announced on Tuesday its earnings results for the third quarter ended Oct. 6. Revenue grew 39% to $241.5 million as compared to $173.8 million in the prior year quarter. Cava has had 15 consecutive quarters of revenue growth going back to Q1 2021, CFO Tricia Tolivar told me on Tuesday. Q3 revenue growth was fueled in part by 11 net new restaurants in the quarter, Tolivar said. “However, our same-restaurant sales growth of 18% and driven by 12.9% traffic growth is also another significant contributor to the overall growth,” she added. “We do anticipate hiring to support that growth; we view our team members as assets and not expenses.” Is it the juicy grilled steak option released at all Cava locations in June that's luring customers to restaurants? In part, Tolivar said. In addition to new proteins like steak, the other factors driving foot traffic include Cava's loyalty program, social media promotion, she explained, as well as newer restaurants gaining traction—and
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News
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JACK
Earnings
- 8/6/24 - Beat
JACK
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 8-K
- 11/5/24 - Form 4
- JACK's page on the SEC website