“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”
August 26, 2024
“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close…
- Earnings per share: 17 cents vs. 13 cents expected
- Revenue: $233 million vs. $220 million expected
The Mediterranean restaurant chain reported fiscal second-quarter net income of $19.7 million, or 17 cents per share, up from $6.5 million, or 21 cents per share, a year earlier. Net sales climbed 35% to $233 million. The company’s same-store sales rose 14.4%, topping StreetAccount estimates of 7.9%…”
https://www.cnbc.com/2024/08/22/cava-group-cava-earnings-q2-2024.html