Cava Stock Surges To All-Time High on Strong Earnings, Sales Outlook [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
Revenue, profit, and same-store sales growth increased from a year ago. Cava again lifted its fiscal 2024 same-store sales growth outlook. Shares of Cava Group ( CAVA ) jumped 17% Wednesday, a day after the fast-casual Mediterranean chain reported third-quarter results above expectation and again lifted its fiscal 2024 same-store sales growth outlook. Cava reported net income of $18 million on revenue of $241.5 million, both significantly higher than a year ago and above consensus estimates of analysts compiled by Visible Alpha. Cava's same-store sales rose by 18% year-over-year, consisting of a 13% rise in traffic and 5% increase from menu prices and product mix. The chain raised some of its full-year projections , as it expects to open more stores than previously guided and sees same-store sales growing by 12% to 13%, up from 8.5% to 9.5% last quarter, which itself had been raised from the prior 4.5% to 6.5% range. Cava also lifted its projected per-restaurant profit ma
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CAVA
News
- Is CAVA Group, Inc. (CAVA) Stock Outpacing Its Retail-Wholesale Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Institutional investors in CAVA Group, Inc. (NYSE:CAVA) see US$949m decrease in market cap last week, although long-term gains have benefitted them. [Yahoo! Finance]Yahoo! Finance
- Should You Forget Domino's Pizza? Why You Might Want to Buy This Unstoppable Growth Stock Instead [Yahoo! Finance]Yahoo! Finance
- CAVA to Participate in Morgan Stanley Global Consumer and Retail ConferenceBusiness Wire
- Is CAVA Group, Inc. (CAVA) Outperforming Other Retail-Wholesale Stocks This Year? [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 11/12/24 - Beat
CAVA
Sec Filings
- 12/20/24 - Form 3
- 12/16/24 - Form 3
- 12/11/24 - Form 4
- CAVA's page on the SEC website