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

Rocket Lab’s Next Giant Leap: Building an End-to-End Space Company

Rocket Lab CEO Peter Beck on the company’s record growth, Neutron, its Iridium deal, defense ambitions and the race to build a space powerhouse.

Helion Is Betting Big on Fusion: Here’s What Comes Next

Helion CEO David Kirtley on the company’s push to deliver commercial fusion by 2028 and meet soaring demand for clean, reliable electricity.

The Oil Market’s Next Big Test: War, Inflation and the Midterms

Rob Schroeder, Washington Bureau Chief at MarketWatch, breaks down oil prices, inflation, energy policy and the road to the midterm elections.

The New Complex: AI, Sports, Shopping and the Business of Culture

Complex President Moksha Fitzgibbons explains how the brand is blending media, AI, e-commerce, sports & live experiences to build a new kind of culture business

Stocks Keep Climbing Despite Macro Headwinds: What’s Driving the Rally?

Bret Kenwell, eToro’s U.S. Investment and Options Analyst, explains what’s driving stocks higher and whether the market rally has room to run.

Amazon’s Alexa Strategy Is Getting Much Bigger

Amazon’s Daniel Rausch, VP of Alexa and Echo, on Alexa’s AI evolution, the future of voice commerce and why your next shopping assistant could be Alexa.

The Future of Plastic Might Be Growing in a Field: PlantSwitch CEO on the Packaging Revolution

PlantSwitch CEO Dillon Baxter reveals how agricultural byproducts like rice hulls and wheat straw could help replace plastics with plant-based alternatives.

Your Trash Could Have a Second Life: Inside TerraCycle’s Push to Reinvent Recycling

TerraCycle CEO Tom Szaky explains how the company is tackling hard-to-recycle waste, from vapes to packaging, and building a more circular economy.

Nugget Ice Goes Mainstream: Inside the Boom Sweeping U.S. Restaurants

Nugget ice is booming across America. Middleby CEO Tim FitzGerald explains the craze, restaurant demand and why the trend could become a major growth engine.

Lovable Raises $400 Million, Now A $13.3 Billion Valuation

Europe’s Lovable has raised $400 million in a Series C round, valuing the vibe-coding startup at a staggering $13.3 billion.

Load More