Can Cava Become the Next Chipotle?
CAVACAVA (CAVA) The Motley Fool·2024-03-03 23:41

Cava (CAVA -0.19%) just reported revenue of 175.5million(up52.5175.5 million (up 52.5% year over year) and diluted earnings per share of 0.02 (compared to a $13.72 year-ago loss) for the 13-week period that ended Dec. 31. Both figures exceeded Wall Street estimates. It's not a surprise, then, that the stock is up 34% year to date (as of Feb. 29); investors are enthusiastic about the business. This restaurant stock has now surged 72% in just the last three months. But some bullish shareholders likely have their sights set on ...