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

The Unofficial Kickoff to Earnings Season

At Friday's market open, Kristen Scholer chats inflation data, bank earnings, and the unofficial start of earnings season.

Say Goodbye to These Outdated Travel Trends in 2024

Here are travel industry fads we hope to see go, and what we’d like to see in its place this year.

Uh, Who Ordered These Spiders and Roaches?

eBay to pay $3 million after its employees subjected Massachusetts couple to “pure hell” harassment campaign

FAA Opens Official Investigation Into Boeing Safety Standards

Federal officials are investigating Boeing's oversight of production of a panel that blew off a jetliner in midflight last week.

Bitcoin ETFs Open For Trading. Here are the Tickers to Watch

Bitcoin ETFs will begin trading for the first time today. Here are the tickers to watch.

Inflation Creeps Up, Fueled by Higher Rents and Food Prices

Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.

The Best Hotels, Tasting Rooms, Wineries, and Food Shops to Visit in Wine Country Now

Whether you’re planning a trip to Napa, Sonoma, or the Central Coast, here are the top spots in wine country to put on your itinerary.

This New Technology From CES Can Help You in the Kitchen

Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.

Amazon's Twitch Cuts 500 Jobs

Amazon is cutting several hundred positions across Twitch, Prime Video, and its MGM Studios unit.

The Next Major Milestone For Bitcoin

Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'

Load More