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Stock impact report

Cava Group (CAVA) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]

CAVA Group, Inc. (CAVA) 
Company Research Source: Yahoo! Finance
The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.49%. Shares of the Mediterranean restaurant chain witnessed a gain of 13% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.04% and the S&P 500's gain of 3.22%. Investors will be eagerly watching for the performance of Cava Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.12, showcasing a 42.86% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $219.47 million, indicating a 26.94% increase compared to the same quarter of the previous year. CAVA's full-year Zacks Consensus Estimates are calling for earnings of $0.34 per share and revenue of $903.42 million. These results would represent year-over-year changes of +61.9% and +23.98%, respectively. Addition Show less Read more
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