What is the projection for CAVA in 2024?

This upward revision in Adjusted EBITDA represents a substantial improvement over CAVA's previous outlook, which stood at $86 million to $92 million. The increased guidance reflects the company's confidence in its ability to generate higher profits and enhance its overall financial performance.

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CAVA has revised its sales growth projections for 2024, anticipating an increase in same-store sales ranging from 4.5% to 6.5%. This revised forecast surpasses the company's initial estimate of 4.5%, signifying a positive outlook for its retail performance in the upcoming year.

Alongside the optimistic sales growth projections, CAVA has also enhanced its financial guidance. The company has lifted its Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) expectations to a new range of $100 million to $105 million.