Cava Group Inc., a Mediterranean restaurant chain, reported a robust third-quarter performance, with earnings per share (EPS) of $0.15, surpassing analyst expectations of $0.11. Revenue surged 39% to $243.8 million, prompting the company to raise its full-year guidance for same-store sales growth to 12.5%, up from a previous estimate of 8.5% to 9.5%. Following the announcement, Cava's stock experienced significant gains, climbing 16.4% in after-hours trading, reaching a record high and reflecting a fourfold increase in value for the year. Analysts have expressed concerns about the sustainability of Cava's rapid growth, citing its current market valuation of approximately $17 billion, which equates to around $48 million per restaurant based on its 352 locations. The company plans to expand its footprint into South Florida and the Midwest in 2024, capitalizing on its momentum and increasing brand awareness.