Reported 3 days ago
CAVA Group, Inc. (CAVA) has faced a significant decline in its stock value, dropping 40% year-to-date. Following disappointing earnings, where revenue fell short of expectations, Jim Cramer highlighted that CAVA's high pricing is driving consumers away. He suggested that the company needs to lower its prices or offer cheaper dishes to regain market traction, noting the challenging macroeconomic climate for consumers.
Source: YAHOO