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Cava (CAVA) stock popped after the quick-serve restaurant announced its quarterly results, delivering a beat and raise. Cava CEO Brett Schulman sits down with Yahoo Finance's Senior Consumer Reporter Brooke DiPalma and Catalysts Hosts Seana Smith and Madison Mills to discuss the print and what's next for the company.
Schulman says there are "a couple of things" that help Cava resonate with consumers. "I think it's how people are eating and what they want to eat, which has been a shifting trend fundamentally changing over the last 15 [to] 20 years in our industry. I think when you take our Mediterranean cuisine, that unique cuisine where taste and health unites, it's meeting the moment for the modern consumer who's seeking bolder, more adventurous flavors but also is more interested in health and wellness trends. And that's where our food comes in."
As many restaurants have increased prices, consumers look for value Schulman says Cava has been able to gain in this market. "The average price is typically around $13 to $15, and we've been really proud that we've been able to really mitigate those price increases in recent years."
The CEO has been vocal about how the company is integrating tech to enhance the Cava experience for customers and workers alike. "I think as it pertains to technology and automation and how we can enhance the human experience, not necessarily replace it, our team members are assets to us. They're not expenses. And we're a big believer in human connection in that as screens and technology infiltrate everyday life and the front lines of many concepts, consumers are feeling that void and increasingly gravitating to brands that are able to deliver that human connection."
Watch the video above for more on how tech integration is affecting Cava's labor force and what the company's expectations are around the upcoming Trump administration.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Naomi Buchanan.