Reported about 2 months ago
Cava is poised to report a significant increase in Q2 earnings, with expectations of nearly 27% growth in net sales to $219 million and adjusted earnings of $0.13 per share. The fast-casual chain's stock has surged over 140% this year, reaching a record $102.39, driven by strong same-store sales growth and successful product launches. Analysts suggest that Cava's fundamentals remain solid amidst broader market fluctuations, and the company continues its expansion plans, aiming for 1,000 locations by 2032.
Source: YAHOO