Cava, a Mediterranean restaurant chain, reported strong financial performance with +94% YTD stock increase. The company aims for $245M in revenues and $0.04 EPS. Cava's expansion drives visit growth, with Q1 2024 visits up 23.6% YoY. The CEO highlighted positive financial metrics, including net income and FCF. JPMorgan reiterates Cava as overweight, praising its growth prospects. However, same store sales growth slowed to 2.3% in the first quarter from 11.4% in the previous quarter.
Fast-casual chain Cava's latest earnings report shows that same store sales growth slowed to 2.3% in the first quarter, compared to 11.4% in the fourth quarter. https://t.co/RYskJVzZZ2
$CAVA JPMorgan reiterates Cava as overweight JPMorgan called the Mediterranean restaurant chain a “high quality growth story” following earnings. ” CAVA results – and resulting stock price – are demonstrating a visible expansion from multi-regional success to eventual national…
ICYMI. Cava double beat. CEO: "Driven by our highly portable Mediterranean concept and powerful unit economic engine, we generated our fourth consecutive quarter of net income and our first quarter ever of positive FCF" $CAVA: -3.2% PM https://t.co/mxcUqM0GEJ https://t.co/M2GHCd0T7K
.@cava's expansion continues to drive visit growth, with Q1 2024 nationwide visits to the chain up 23.6% year-over-year (YoY). $CAVA
$CAVA after the bell today +94% YTD Has anyone eaten here before? Street wants $245M in revenues and $0.04 EPS https://t.co/RRS23gHCPw