Fast-casual chain Cava's first-quarter earnings report revealed a 2.3% same-store sales growth, down from 11.4% in the previous quarter. Cava exceeded Wall Street expectations, leading to a rise in its full-year guidance. The company's new steak protein option is gaining traction, positioning it as a strong competitor in the restaurant industry.
Cava is gobbling up fast-food competition as it lures finance bros and suburbanites with extra pita chips, steak, and promises of no price hikes. https://t.co/9zhYJN8jCE
Cava’s CFO on how the fast-casual chain’s latest menu item helps with optimizing price points. https://t.co/IujxvULZrd
I had a $CAVA salad bowl w/ chicken today. Was pretty good, 1st time I've eaten there. I thought $SG was a little better. At $12 it was roughly what I paid for a pre-made salad + Amy's frozen pizza yesterday. I am starting to understand why these kinds of stocks are so strong.
$CAVA up today actually makes sense, the cracks are hard to see and won’t be fully visible to the average analyst / investor for another quarter or two. Either way I think it’s worth $25/share right now and likely gets to $40 before year end.
$CAVA topped earnings & revenue estimates and raised FY24 guidance in its Q1 release 📈 @cava CFO Tricia Tolivar joins @NPetallides to talk earnings and the growth outlook for the Mediterranean food chain: “The beauty is, we haven’t found a market that doesn’t love Cava yet.”
CAVA continues to beat analysts’ expectations as it raises its full-year guidance. The fast-casual restaurant is putting faith in its new steak protein option as an alternative to casual dining https://t.co/lXLuU0F63o https://t.co/9mQCyfs5ud
.@cava reported its first quarter earnings and sales yesterday that both beat Wall Street expectations – a testament to the growing demand for Mediterranean and category leadership! #FastCasual #RestaurantIndustry #Earnings https://t.co/oQhJV7KSDu
$CAVA at $9B EV with 325 units while $CMG first traded $9B with 1,200 units. That gap's a full 10 years of +mid-teens% unit growth.
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