Cava CEO discusses Q3 earnings beat, slowing sales outlook, catering as a new growth opportunity

Mediterranean fast-casual chain Cava (CAVA) reported surging same-store sales in its third-quarter earnings beat. Yahoo Finance’s Brooke DiPalma joins Cava Co-Founder and CEO Brett Schulman from the New York Stock Exchange to discuss the chain’s plans for wages and where it is finding new growth opportunities: catering
we want to be mindful that it doesn’t come at the expense of other channels. So how do we build that production to support catering without impacting our already significant average unit volumes where some restaurants… don’t have a lot of extra excess capacity to do catering?” Schulman outlines. “So we have been testing a number of formats, one we call our hybrid kitchen.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Additionally, you can also watch Schulman’s interview from the Yahoo Finance Invest summit that aired live on November 7.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp

Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV