Cava: Q2 Earnings Snapshot

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. 

More In Business

How TikTok Grew From a Fun App To a Potential National Security Threat

If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time.

I Asked AI to Plan My Wellness Routine. Here’s How It Went.

Can a chatbot teach me healthy habits? Let’s see.

This Company Wants to Halve Your Heating Bill and Emissions

With buildings responsible for over 40% of emissions worldwide, the CEO of Kelvin breaks down how its technology can be used to retrofit traditional radiators.

Meet Stagflation: It Might Even be Worse Than a Recession

After battling inflation for years, now U.S. consumers have to prepare for stagflation, and, unfortunately, it could be more complicated to fix than a typical

Big Business This Week: Boeing is Down Bad, TikTok is on the Clock and Non-Competes Are History

America is hooked on Ozempic... but at a steep cost. Plus, Tesla continues its downward spiral.

Here’s why Harvey Weinstein’s New York Rape Conviction was Tossed Out

The decision Thursday by the New York Court of Appeals reopens a painful chapter in America’s reckoning with sexual misconduct by powerful figures.

US Abortion Battle Rages on with Moves to Repeal Arizona Ban

California's governor has opened his state not only to Arizona patients seeking abortion but also their Arizona-based doctors.

Lightspeed Partner Talks Early Investment In Rubrik

Lightspeed co-foudner, Ravi Mhatre, sits down with Cheddar the NYSE to discuss why it invested in Rubrik early on and celebrates the company's IPO.

How Elf Labs Is Reimagining Some Of Your Favorite Fictional Characters

Elf Labs CEO, David Phillips, speaks to Cheddar about how the company came to be and how it is bringing forth fairytale characters in new and exciting ways.

Uh Oh: The U.S. Economy Has Signs of a ‘Mild’ Recession

Don’t panic just yet, but it's starting to look like the economy is slowing down… AKA heading into what one analyst calls a ‘mild form of a recession.’

Load More