Cava's Impressive Performance Ahead of Q2 Earnings
Cava, the Mediterranean fast-casual restaurant chain, is poised for an exciting financial reveal with its second-quarter earnings report. Scheduled for release after the market closes on Thursday, analysts predict a robust 27% increase in net sales, reaching $219 million. Additionally, adjusted earnings per share (EPS) are anticipated to be $0.13. The company's same-store sales are expected to grow by 7.45%, a rise partly fueled by the successful introduction of a new grilled steak menu item. According to Stifel analyst Chris O'Cull, this steak option "sold out quickly in many markets," highlighting its popularity among customers.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
