Reported 4 months ago
Following a strong first quarter, Cava Group, a Mediterranean fast-casual restaurant chain, reported a 30% revenue surge to $256.3 million and flipped to a profit. The company increased its full-year guidance, raised adjusted EBITDA expectations, and plans to open more locations. Despite the positive performance, Cava's stock fell after the report possibly due to its high valuation. However, with the potential for future growth and expansion plans, there could be significant upside for the stock in the long run.
Source: YAHOO