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. 

Share:
More In Business
Ford Cuts Production of F-150 Lightning Electric Truck
Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth. The automaker said about 1,400 workers will be impacted by the move.
Apple Overtakes Samsung as Top Seller of Smartphones
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities dives deeper into a report by the International Data Corporation (IDC) that Apple has ended Samsung's 12-year reign as the world's largest smartphone seller.
Load More