Cava Reports Strong Sales Growth

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fast food price increases

Yahoo Finance

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Cava reports juicy earnings as steak launch, sales growth pushes stock to all-time high

Summary

Nutrition label

88% Informative

Mediterranean fast-casual chain Cava reported second quarter results that beat estimates.

Net sales jumped 35.2% year over year to $233.5 million .

Same-store sales jumped 14.4% , more than the 7.45% Wall Street expected.

Shares jumped to as much as $112.84 in after-hours trading.

The restaurant-level profit margin is expected to be between 24.2% and 24.7% , up from 23.7% to 24.3% . — Brooke DiPalma is a senior reporter for Yahoo Finance . Follow her on X at @BrookeDiPalma or email her at [email protected]..

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Informative language

Neutral language

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informal

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English

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not offensive

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not hateful