Jack and Nick

Consumer sentiment in the U.S. has fallen for five straight months. Yeah, in May, we actually had the second lowest consumer sentiment vibe ever. The only lower point was June 2022, when inflation and interest rates were crazy high. And we're seeing this in the brown bag effect that Jack and I told you about. Office workers are bringing lunch from home...

Consumer sentiment in the U.S. has fallen for five straight months. Yeah, in May, we actually had the second lowest consumer sentiment vibe ever. The only lower point was June 2022, when inflation and interest rates were crazy high. And we're seeing this in the brown bag effect that Jack and I told you about. Office workers are bringing lunch from home...

Consumer sentiment in the U.S. has fallen for five straight months. Yeah, in May, we actually had the second lowest consumer sentiment vibe ever. The only lower point was June 2022, when inflation and interest rates were crazy high. And we're seeing this in the brown bag effect that Jack and I told you about. Office workers are bringing lunch from home...

But Kava just announced earnings that made us ask for more hummus, baby. Extra hummus, because it's not extra. The average Kava had 11% sales growth last quarter. Even wilder, kava customers are upgrading their bowls. They're splurging on pita chips and juice right now. Despite this economy, kava fans are going full treat yourself, and they're earning extra muamara, even though that costs extra.

But Kava just announced earnings that made us ask for more hummus, baby. Extra hummus, because it's not extra. The average Kava had 11% sales growth last quarter. Even wilder, kava customers are upgrading their bowls. They're splurging on pita chips and juice right now. Despite this economy, kava fans are going full treat yourself, and they're earning extra muamara, even though that costs extra.

But Kava just announced earnings that made us ask for more hummus, baby. Extra hummus, because it's not extra. The average Kava had 11% sales growth last quarter. Even wilder, kava customers are upgrading their bowls. They're splurging on pita chips and juice right now. Despite this economy, kava fans are going full treat yourself, and they're earning extra muamara, even though that costs extra.

A baba ganoush is mine. But besties, there is an explanation for this, and it is strategic kava prices. Although kava bowls cost 15% more than chipotle bowls on average, that delta is narrowing. In fact, Kava's CEO said in their earnings last month, we are a port in the inflation storm. Kava has purposely kept their pricing slower than inflation.

A baba ganoush is mine. But besties, there is an explanation for this, and it is strategic kava prices. Although kava bowls cost 15% more than chipotle bowls on average, that delta is narrowing. In fact, Kava's CEO said in their earnings last month, we are a port in the inflation storm. Kava has purposely kept their pricing slower than inflation.

A baba ganoush is mine. But besties, there is an explanation for this, and it is strategic kava prices. Although kava bowls cost 15% more than chipotle bowls on average, that delta is narrowing. In fact, Kava's CEO said in their earnings last month, we are a port in the inflation storm. Kava has purposely kept their pricing slower than inflation.

On the other hand, Chipotle, they're basically shrinking their burritos down to the size of an hors d'oeuvre. And they've raised prices seven times since 2021. I know the guac is extra. So Jack, what's the takeaway for our buddies over at Kava? Apples to apples, Kava is 50% more valuable than Chipotle. So yetis, how do a couple ex-finance guys like Jack and I compare Chipotle to Kava?

On the other hand, Chipotle, they're basically shrinking their burritos down to the size of an hors d'oeuvre. And they've raised prices seven times since 2021. I know the guac is extra. So Jack, what's the takeaway for our buddies over at Kava? Apples to apples, Kava is 50% more valuable than Chipotle. So yetis, how do a couple ex-finance guys like Jack and I compare Chipotle to Kava?

On the other hand, Chipotle, they're basically shrinking their burritos down to the size of an hors d'oeuvre. And they've raised prices seven times since 2021. I know the guac is extra. So Jack, what's the takeaway for our buddies over at Kava? Apples to apples, Kava is 50% more valuable than Chipotle. So yetis, how do a couple ex-finance guys like Jack and I compare Chipotle to Kava?

Well, we don't look at their stock and we don't look at their market cap either. We look at their market cap per location. Exactly. That's how you can compare two things of different size and different maturity. So you take the total value of the company and then divide it by the total number of locations. And that lets you compare two companies apples to apples.

Well, we don't look at their stock and we don't look at their market cap either. We look at their market cap per location. Exactly. That's how you can compare two things of different size and different maturity. So you take the total value of the company and then divide it by the total number of locations. And that lets you compare two companies apples to apples.

Well, we don't look at their stock and we don't look at their market cap either. We look at their market cap per location. Exactly. That's how you can compare two things of different size and different maturity. So you take the total value of the company and then divide it by the total number of locations. And that lets you compare two companies apples to apples.

Sweetgreen is worth $2 million per location. Chipotle is worth $20 million per location. but Kava is worth $30 million per location. Wall Street gives Kava this high valuation on the belief it'll grow faster than your fast, casual bowl competition. After all, Kava only has one-tenth as many locations as Chipotle does.

Sweetgreen is worth $2 million per location. Chipotle is worth $20 million per location. but Kava is worth $30 million per location. Wall Street gives Kava this high valuation on the belief it'll grow faster than your fast, casual bowl competition. After all, Kava only has one-tenth as many locations as Chipotle does.

Sweetgreen is worth $2 million per location. Chipotle is worth $20 million per location. but Kava is worth $30 million per location. Wall Street gives Kava this high valuation on the belief it'll grow faster than your fast, casual bowl competition. After all, Kava only has one-tenth as many locations as Chipotle does.

Which is why, based on our analysis, apples to apples, Kava is 50% more valuable than Chipotle.

Which is why, based on our analysis, apples to apples, Kava is 50% more valuable than Chipotle.