Don't consider today's lower trading as anything more than the post-election euphoria beginning to dissipate.
Cava Group (CAVA) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago.
CAVA Group, Inc. (NYSE:CAVA ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Matt Milanovich - Investor Relations Brett Schulman - Co-Founder and CEO Tricia Tolivar - Chief Financial Officer Conference Call Participants Brian Harbour - Morgan Stanley Chris O'Cull - Stifel Zach Ogden - TD Cowen David Tarantino - Baird Jon Tower - Citi Jeffrey Bernstein - Barclays Brian Vaccaro - Raymond James Ivan Yu - Jefferies Matt Curtis - William Blair Operator Good afternoon, ladies and gentlemen. And welcome to the CAVA Third Quarter 2024 Earnings Conference Call.
Cava Group Inc. shares jumped more than 15% in the extended session Tuesday after the fast-casual restaurant chain presented investors with another double-digit rise in foot traffic and raised its outlook for the year.
Same-restaurant sales grew by 18% year over year.
Outlook key for Mediterranean-themed restaurant chain Cava after Chipotle invested in rival Brassica. The post Cava Earnings Set To Nearly Double Amid This Rising Threat appeared first on Investor's Business Daily.
CAVA Group (CAVA) stock price has jumped to a record high, making it one of the best-performing cryptocurrencies in the industry. It soared to $151.4 on Monday as investors waited for its third-quarter earnings, which will provide more color about its business.
It's rare to find a restaurant investment as proven as this one is this early in its existence.
CAVA benefits from menu innovations and expansion efforts. Its focus on providing high-quality, Mediterranean-inspired meals at competitive prices bodes well.
Cava (CAVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Cava Group (CAVA) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CAVA crossed above the 20-day moving average, suggesting a short-term bullish trend.
Cava Group (CAVA) closed at $132.52 in the latest trading session, marking a +0.3% move from the prior day.