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CAVA
CNBC
96 days

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.

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FAQ

Why Bullish?

Cava's strong quarterly growth contrasts with declines at competitors, suggesting resilience.

How important is it?

Cava's sales growth is notable in a struggling market, attracting investor attention.

Why Short Term?

Immediate revenue growth can positively influence market perception in the near-term.

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