Wall Street’s Newest Darling Is an Unprofitable Mediterranean Chain That Sells Bowls of Stuff

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Wall Street’s Newest Darling Is an Unprofitable Mediterranean Chain That Sells Bowls of Stuff
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Sometimes a company and investors go together like harissa and Crazy Feta.

Certain favorable factors may not last forever. Cava notes that much of its recent surge in installing new restaurant locations—mainly in the coasts and the Sun Belt, with eyes turning toward the Midwest—came from cost-effective refurbishments of old Zoës Kitchen locations, and there are only eight of those left to switch up.

The company mentions that it was ahead of other fast-food chains inin 2016, allowing it to sidestep additional hikes in the years after—though probably not for too much longer, thanks to a competitive labor market and rising costs of living.

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