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Cava: How $18 Bowls Bankrupt a $10B Dream

Operator ZoneRestaurant Failures & Lessons/JunkBondInvestor/15:19

You watch a $5 billion valuation crumble and think about your own 28% food cost target that keeps you up at night. JunkBondInvestor breaks down how Cava's beautiful spreadsheets couldn't save them when the fundamentals — portion control, labor efficiency, actual profit per bowl — went sideways. The math that matters isn't the IPO pop, it's whether you can afford to keep the lights on tomorrow.

— The Chef's Take

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