Cava Stock Surges To All-Time High on Strong Earnings, Sales Outlook
CAVACAVA (CAVA) Investopedia·2024-11-13 23:50

Key TakeawaysShares of fast-casual Mediterranean chain Cava Group surged Wednesday, a day after its third-quarter results beat analysts' estimates.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 ...