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Brian Beccaro

Managing Director and Senior Equity Research Analyst at Raymond James

Brian Beccaro is a Managing Director and Senior Equity Research Analyst at Raymond James, specializing in consumer and retail sectors with a strong focus on companies such as Walmart, Target, Costco, and Dollar General. He is recognized for his accurate stock recommendations and maintains an impressive success rate, with consistent top-quartile rankings on platforms like TipRanks and peer-reviewed analyst leaderboards. Beccaro began his career in equity research in the early 2000s, previously serving at firms such as Morgan Stanley and Jefferies before joining Raymond James in 2015. He holds FINRA Series 7, 63, and 86/87 licenses and has been noted for industry recognition through multiple Institutional Investor awards.

Brian Beccaro's questions to CAVA GROUP (CAVA) leadership

Question · Q3 2025

Brian Beccaro inquired if CAVA is observing any outsized softness in the DMV (District of Columbia, Maryland, Virginia) market due to the government shutdown, or more broadly, its impact on the business.

Answer

Brett Schulman, CEO, stated that CAVA initially did not see any impact from the government shutdown. However, in recent weeks, as paychecks stopped for government workers, some softness has begun to creep into the DMV market, though he characterized it as not acute or severe at this point.

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Question · Q3 2025

Brian Beccaro inquired about any outsized softness observed in the DMV (District of Columbia, Maryland, Virginia) market during the government shutdown and its broader impact on CAVA's business.

Answer

CEO Brett Schulman stated that CAVA initially did not see any impact from the government shutdown. However, in recent weeks, as paychecks stopped for government workers, some softness has begun to creep into the DMV market, though he characterized it as not acute or severe at this point.

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