Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
1. Cava reported 10.8% same-store sales growth, exceeding expectations. 2. Net income rose to $25.71 million, up from $13.99 million last year. 3. Company plans to open 64-68 new locations, increasing from previous forecasts. 4. Cava maintained a conservative same-store sales forecast of 6-8% for the year. 5. Stock fell 5% in extended trading, reflecting investor concerns over growth outlook.