CAVA Stock Surges on Q2 Beat: Is It the Next Chipotle?
CAVA (CAVA) MarketBeat·2024-08-27 19:30
CAVA Group TodayCAVACAVA Group29.05▼105.08Add to WatchlistMediterranean fast-casual restaurant operator CAVA Group Inc. NYSE: CAVA shocked Wall Street with its stunning second-quarter 2024 earnings release. While the company beat consensus estimates by 4 cents, the real standout metric is the 14.4% YoY comparable sales growth (comps). This was unexpected, considering its previous quarter only showed a measly 2.4% YoY comps growth. The s ...