Joseph Carlson 对 $CAVA 的判断变化
然后是Cava，这家公司销售类似Chipotle但这次是地中海和希腊风味的食物。它们装在碗里，非常健康，总的来说，Cava是一家受欢迎的公司。很多人喜欢这些碗。
Then we have Cava, the company that sells the Chipotle-like, but this time Mediterranean and Greek-influenced food. They come in bowls and they're very healthy, and overall, Cava is a well-liked company. A lot of people like these bowls.
现在，Cava仍处于一家拥有成熟概念的餐厅的早期阶段。他们目前有476家餐厅，并且有潜力增长到数千家。所以，这是一家仍有巨大增长潜力的公司。
Now, Cava is still in the early stages of a restaurant that has a proven concept. They currently have 476 restaurant locations, and they have the potential to grow that to multiple thousands. So, this is one that still has enormous growth potential ahead of it.
他们已经表明人们喜欢这种类型的食物。它对你健康。它很容易被证明合理，而且很多人养成了每周至少吃一次的习惯。因此，Cava确实拥有忠诚度、品牌认知度，以及一种既健康又受大多数人欢迎的餐食。
They've already shown that people like this type of food. It's healthy for you. It's easy to justify, and many people get in the pattern of eating it at least once a week. And so, Cava does have loyalty, it has brand recognition, it has a meal that is both healthy and well-liked by most people.
部分问题在于投资者一直在寻找下一个Chipotle。什么时候会有另一家公司快速增长并以数千家门店占领美国？Cava的股价从2023年到2024年从40美元飙升至140美元。这再次完全是因为这家公司的故事和潜力。
但当时的估值指标确实疯狂。所以，股价需要一点回落。现在，股价稳定在每股60至70美元左右。
Part of the issue is investors have always been looking for the next Chipotle. When is there going to be another company that will grow super fast and take over America with thousands of locations? Cava rocketed up in stock price from $40 up to $140 from 2023 to 2024. And that again was all because of the story and potential of this company. But the valuation metrics were really crazy at the time. So, the stock price had a little bit of settling down to do. Now, settling around $60 to $70 per share.
收入以非常一致、可靠的模式增长。收入同比增长26%。这非常快。他们实际上以每年约20%的速度增长餐厅数量，所以他们继续在美国各地扩张。
Revenue is going up in a very consistent, reliable pattern. 26% revenue growth year over year. That's very fast. They're actually growing their restaurant locations by about 20% year over year, so they're continuing to expand all across the United States.
凭借长期增长空间、经过验证的业绩记录、出色的单位经济效益，以及股价已下跌约50%的事实，我认为这家公司值得关注。
With the long runway of growth, the proven track record, the great unit economics, and the fact that the stock has come down around 50%, I think this one is worth looking at.