Why Cava Group Stock Popped Today
CAVACAVA (CAVA) The Motley Fool·2024-08-23 23:00

The Mediterranean fast-casual chain posted blowout second-quarter results. Shares of Cava Group (CAVA 17.29%) were soaring today after the fast-casual restaurant chain delivered another strong earnings report with impressive growth on the top and bottom lines. As of 9:51 a.m. ET, Cava stock was up 14.1% on the news. Cava shines again Cava said that comparable sales surged 14.4% in the period, driven by 9.5% traffic growth. That drove revenue up 35.2% to $231.4 million, which was ahead of estimates of $219.5 ...