Reported about 2 months ago
Cava reported impressive second-quarter earnings, exceeding revenue and earnings expectations with a 35.2% year-over-year revenue increase, totaling $233.5 million. The launch of grilled steak significantly contributed to a 14.4% rise in same-store sales, while CEO Brett Schulman noted the brand's success amid economic challenges. Cava's stock soared to an all-time high, reflecting investor confidence in its growth plans, which include opening new locations and testing catering services.
Source: YAHOO