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Zoës Kitchen

4 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Nov 27, 2023 by Brett Schulman · said 20 times in 2 episodes since 2023 · across every show →

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brought up most by Guy Raz (17), Ted Xenohristos (2), Brett Schulman (1)

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2024 3 mentions in 1 episode
2023 17 mentions in 1 episode

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Everything said about Zoës Kitchen, oldest first

Nov 27, 2023
Disclosure
Panera founder Ron Shaich helped engineer CAVA's acquisition of Zoës Kitchen
“Zoës had approached him, and he said, you know, what do you think about if our investors put together the capital, we acquire it, and give it to you, Brett, and your team?”
Brett Schulman Nov 27, 2023 ▶ 1:00:57 CAVA: Ted Xenohristos and Brett Schulman
Nov 27, 2023
Assertion Partly supported
Schulman: Zoës Kitchen had 240+ locations, 100% suburban Sunbelt
“Oh, over 240 locations. And a hundred percent of Zoe's portfolio was in the suburbs and the Sunbelt.”
Brett Schulman Nov 27, 2023 ▶ 1:02:37 CAVA: Ted Xenohristos and Brett Schulman
Nov 27, 2023 bearish
Assertion Not checkable as stated
Zoës Kitchen's same-store sales plummeted 12% right as CAVA's acquisition closed
“And when we were negotiating the deal, the sales were declining about three to four percent, same restaurant sales, you know, year over year. And I get this report just sent to my inbox, and I open it up, and it's -12.”
Brett Schulman Nov 27, 2023 ▶ 1:03:56 CAVA: Ted Xenohristos and Brett Schulman
Nov 27, 2023 positive
Assertion Not checkable as stated
CAVA locations generated nearly double the revenue of neighboring Zoës Kitchen stores
“We had a few Kava's that were across the street from a Zoe's, and we were doing almost twice the revenue, and that emboldened us to make that decision, and take Zoe's private.”
Brett Schulman Nov 27, 2023 ▶ 1:02:53 CAVA: Ted Xenohristos and Brett Schulman
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