CAVA funded unprofitable dips retail business using restaurant profits
Ted Xenohristos · CAVA: Ted Xenohristos and Brett Schulman · Nov 27, 2023 · at 40:53
CAVA co-founder Ted Xenohristos explains CAVA's financial state around 2009 when Brett Schulman joined to help manage the retail dip operation.
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“So the restaurants were making profit. The dips, of course, were not. We were funding those with the restaurant profit, but, you know, we were starting to see the light at the end of the tunnel coming out of that whole economic collapse of oh, eight, oh nine.”
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