May 28, 08:48 PM

Cava Group ($CAVA) Beats Q1 Earnings Estimates, Raises FY24 Guidance, Stock Falls After-Hours Due to Declining Guest Traffic

Cava Group ($CAVA) reported Q1 earnings with revenue of $256.3 million, beating estimates, and EPS of $0.12, exceeding expectations. The company raised its FY24 guidance for same-restaurant sales growth and EBITDA. Despite the positive results, the stock fell after-hours due to declining guest traffic.

#Cava Group

Written with ChatGPT (GPT-3).

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Christian Fromhertz 🇺🇸@cfromhertz
2 years ago
$CAVA continues to chew higher https://t.co/FZOfAUS6xL
Christian Fromhertz 🇺🇸@cfromhertz
2 years ago
$CAVA https://t.co/9SCNKILO6u
GURGAVIN@gurgavin
2 years ago
BMO REPORTED EARNINGS EARLIER TODAY *BANK OF MONTREAL Q2 REVENUE $7.99B , EST. $8.05B ( MISS ❌ ) *BANK OF MONTREAL Q2 ADJ EPS $2.59, EST. $2.77 ( MISS ❌ ) *PROVISION FOR CREDIT LOSSES $705 MILLION, ESTIMATE $585 MILLION ( MISS ❌ ) $BMO DOWM 7% + https://t.co/x1wOFmIEqP

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Cava Group ($CAVA) Beats Q1 Earnings Estimates, Raises FY24 Guidance, Stock Falls After-Hours Due to Declining Guest Traffic

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