Cava Group Inc. (CAVA) on Tuesday reported second-quarter profit of $6.5 million.
The Washington-based company said it had profit of 21 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The Mediterranean restaurant chain posted revenue of $172.9 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $163.2 million.
This story was generated by Automated Insights using data from Zacks Investment Research.
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A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
