Cava Shares Jump as Sales Remain Strong. Can the Momentum in the Stock Continue?
CAVA (CAVA) The Motley Fool·2024-11-17 18:50
Shares of Cava Group (CAVA 2.20%) got a small lift after the operator of fast-casual Mediterranean-themed restaurants once again reported outstanding same-store sales growth. As of this writing, the stock is up more than 220% year to date.Let's dive into the company's fiscal 2024 third-quarter results to see if the stock's momentum can continue.Same-store sales shineFor its fiscal Q3, which ended Oct. 6, Cava's revenue climbed 39% year over year to $241.5 million. The growth was aided by the company having ...