Reported 2 days ago
Jim Cramer highlighted the ongoing difficulties faced by CAVA Group, Inc. (CAVA), which has seen its stock drop 41% this year due to disappointing sales and earnings. The August slump was exacerbated by a weaker earnings report that prompted the company to lower its same-store sales growth forecast. Cramer attributes these struggles to the high menu prices at CAVA compared to competitors offering similar items at lower costs.
Source: YAHOO