As of mid-October 2023, Dutch Bros (NYSE: BROS) has seen its stock decline around 20% from its highs, while Cava Group (NYSE: CAVA) has experienced a nearly 50% drop. Despite the recent market pullback, both companies report strong same-store sales growth: Dutch Bros achieved a 6.9% increase, while Cava’s comparable restaurant sales surged by 21.2% last quarter.
Currently, Dutch Bros operates 982 locations across 12 states, with plans to open at least 160 new locations this year (a 16% unit growth). Cava, with 367 locations in 28 states, aims to expand by 62 to 66 new locations, representing a growth of 17% to 18%. Both companies are capitalizing on their brand popularity and have significant room for future expansion, making them attractive long-term investment options.
