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
- CAVA Group, Inc. (CAVA) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- A Closer Look to CAVA: Artal International Capitalizes on Stock Gains [Yahoo! Finance]Yahoo! Finance
- Buy These 5 Restaurant Stocks With Growth Potential as Sales Soar [Yahoo! Finance]Yahoo! Finance
- CAVA Stock Post-Q3 Triumph: A Growth Story Worth Investing In? [Yahoo! Finance]Yahoo! Finance
- CAVA Group, Inc. (NYSE: CAVA) is now covered by analysts at Sanford C. Bernstein. They set a "market perform" rating and a $145.00 price target on the stock.MarketBeat
CAVA
Earnings
- 11/12/24 - Beat
CAVA
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- CAVA's page on the SEC website