Assertion certainty 4/5 debate potential 1/5

CAVA locations generated nearly double the revenue of neighboring Zoës Kitchen stores

Brett Schulman · CAVA: Ted Xenohristos and Brett Schulman · Nov 27, 2023 · at 1:02:53

Brett Schulman, CEO of CAVA, explains the operational data point that gave CAVA confidence to acquire Zoës Kitchen.

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“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.”

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Assertion Not checkable as stated
Zoës Kitchen's same-store sales plummeted 12% right as CAVA's acquisition closed
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Assertion Not checkable as stated
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Brett Schulman Nov 27, 2023 ▶ 42:26 CAVA: Ted Xenohristos and Brett Schulman
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
Prediction Not checkable as stated
Schulman: Mediterranean Cuisine Is Next Major Large-Scale Cultural Food Category
“We see Mediterranean as the next big, large-scale cultural cuisine category, and we want Kava to be synonymous as the defining brand of that category.”
Brett Schulman Nov 27, 2023 ▶ 1:13:03 CAVA: Ted Xenohristos and Brett Schulman
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