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NRN editors discuss CAVA’s first quarterly earnings and It’s Just Wings

Plus, hear from David Cox, the corporate executive chef of Norms

Holly Petre, Assistant Digital Editor

August 18, 2023

 

This week on the Extra Serving podcast, a product of Nation’s Restaurant News, NRN editors Holly Petre, Sam Oches and Leigh Anne Zinsmeister spoke about the tail end of earnings season with the highly anticipated first report from CAVA.

The fast-casual restaurant brand rose to fame with its impressive debut on the stock market late last month and has been riding high since then, according to its earnings. The growing brand is planning massive expansion over the next few years and has seen sales jump year-over-year. More importantly, CAVA reached profitability in its first quarter as a publicly traded company. What does this mean for the future of the brand, and is it the next Chipotle amid comparisons from investors?

Also, the NRN editors talked about virtual brands. After the demise of MrBeast last week, there appears to be some hope for the virtual brand industry. Brinker, which closed its virtual brand Maggiano’s Italian Classics in May, has decided to add items from its virtual brand It’s Just Wings to Chili’s menus. Do virtual brands have more of an edge when they’re tied to a restaurant brand?

This week’s guest is David Cox, the corporate executive chef of Norms.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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