There are some stocks that people tend to stay away from, and in the retail sector, restaurants don't attract a lot of money most of the time. However, every once in a while, a new name changes this view through sheer efficiency, quality, and financial growth, making it a bad portfolio decision not to include it in a core holding.
'Mad Money' host Jim Cramer examines Cava's performance over the past year — and more.
Cava (NYSE:CAVA) reported strong first quarter financial results that beat Wall Street expectations, but shares fell almost 5% as the fast-casual Mediterranean restaurant brand maintained its cautious outlook for the full year. The company expects same-store sales growth of 6% to 8% and restaurant-level profit margins in the range of 24.8% to 25.2%, unchanged from prior forecasts.
CAVA's fiscal first-quarter top line benefits from strong same-restaurant sales growth and new restaurant openings.
CAVA Group, Inc. (NYSE:CAVA ) Q1 2025 Earnings Conference Call May 15, 2025 5:00 PM ET Company Participants Matt Milanovich - Investor Relations Brett Schulman - Co-Founder & Chief Executive Officer Tricia Tolivar - Chief Financial Officer Conference Call Participants Sharon Zackfia - William Blair Andy Barish - Jefferies Allison Arfstrom - Piper Sandler Sara Senatore - Bank of America David Tarantino - Baird Zach Ogden - TD Cowen Operator Good afternoon, ladies and gentlemen, and welcome to the CAVA First Quarter 2025 Earnings Conference Call. At this time, all lines are in listen-only mode.
While the top- and bottom-line numbers for Cava (CAVA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cava Group (CAVA) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.12 per share a year ago.
CNBC's Angelica Peebles reports on Cava's latest earnings report.
Other restaurant companies have reported same-store sales declines and falling traffic as consumers pulled back their restaurant spending.
CAVA's first-quarter performance is likely to have benefited from traffic growth, strategic expansion efforts and enhancements across its digital platforms.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
CAVA Group Inc (NYSE:CAVA) has been dubbed the 'next Chipotle,' with the Mediterranean fast casual chain vaulting up the charts since its trading debut in June 2023.