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0.000115620302925088 -0.00613943808532785 -0.00520291363163375 -0.0137588160480982 -0.0142791074112614 -0.0500635911666088 -0.0422360966585733 -0.0389929471615216
Stock impact report

Why Cava Stock Plunged 30% in February [Yahoo! Finance]

CAVA Group, Inc. (CAVA) 
Company Research Source: Yahoo! Finance
investor sentiment about economic policy, and the market was underwhelmed by management's 2025 guidance. Adding some spice to fast-casual dining Cava operates a small but growing chain of Mediterranean-inspired fast-casual restaurants. The concept is catching on, and Cava has been reporting high growth since going public almost two years ago. Management sees a large white-space opportunity, and it's been opening new stores at a steady pace. As of the end of 2024, it has 367 stores in 25 states plus Washington, D.C. It opened 58 in 2024 and plans to open another 64 or so this year. It reported strong results for the 2024 fourth quarter and the full year. In the fourth quarter, Revenue increased 37% year over year adjusted for a 53rd week in 2023. Comparable sales were up a phenomenal 21.2%. Restaurant-level profit margin was 22.4% adjusted, up from 21.9% the previous year. Net income was up from $2 million last year to $6.5 million this year, adjusted for a one-time benefit. Is Show less Read more
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