Sweetgreen is not expensive. I'd call it cheap. EBITDA multiple is elevated because it just turned EBITDA positive. So we're divided by a number near 0. For Cava, 100% agree. Maybe people jumping the gun and already assuming it's Chipotle 2.0. Lot to prove in my view, but it can get there eventually.
Wow really great deep dives. Why do you think these and Kura are trading at such mindboggling high valuations currently??
Sweetgreen is not expensive. I'd call it cheap. EBITDA multiple is elevated because it just turned EBITDA positive. So we're divided by a number near 0. For Cava, 100% agree. Maybe people jumping the gun and already assuming it's Chipotle 2.0. Lot to prove in my view, but it can get there eventually.