CAVA Stock Falls After Q3 Earnings Miss Estimates: Details
1. CAVA's Q3 earnings missed estimates, reporting 12 cents per share. 2. Revenue of $292.23 million fell short of the expected $292.8 million. 3. Year-over-year revenue growth was 20%, with same store sales up 1.9%. 4. CAVA opened 17 new restaurants in the quarter, boosting total locations. 5. Restaurant-level profit margin was reported at 24.6%.