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 Fast-Casual Crunch: Can Restaurants Keep Raising Prices?

R.J. Hottovy, Head of Analytical Research at Placer.ai, breaks down restaurant trends, pricing power, and which chains are winning this earnings season.

The “Silver Tsunami” Is Here and Gen Z Isn’t Ready to Buy

Adam Klappholz, Head of Product for Zelle, breaks down the “Silver Tsunami” as retiring boomers sell and a Gen Z buyer gap reshapes Main Street.

Big Business This Week: Why the UAE’s OPEC departure is a distraction from the real oil price crisis

How many oil crises can the world track at once? Now, the UAE has said it will leave the energy cartel, but what does it mean?

Why Some of America’s Richest Are Calling for Higher Taxes On Themselves

Morris Pearl of Patriotic Millionaires on why some of the wealthiest Americans are pushing for higher taxes on themselves and what it means for NYC.

How High-Altitude Platforms Could Transform Global Communications

Sceye CEO Mikkel Vestergaard on high-altitude platforms delivering connectivity and real-time environmental data from the stratosphere.

Inside The Next Chapter in Low-Earth Orbit

Dr. Jonathan Cirtain discusses Axiom Space’s plan to build Axiom Station, a commercial successor to the ISS, as the space economy expands beyond 2030.

The “World’s Oldest Intern” Speaks: William Shatner on Learning, Humility, And Starting Fresh

William Shatner and LifeWave CEO David Schmidt share lessons from his “world’s oldest intern” experience and offer advice for young professionals starting out.

The Verdict That Could Change Live Music Forever

The Live Nation ruling is in. Diana Moss of the Progressive Policy Institute joins us to unpack what it means for competition, consumers, and live music.

You've Eaten These Foods Your Whole Life But Do You Know Their Incredible Stories?

Think you know your favorite snacks? Adam Richman digs into the jaw-dropping stories of the food pioneers who changed what America eats.

From Trash to Treasure: Inside Apple's High-Tech Mission to Mine Your Old Gadgets

Time to declutter! Apple's Lauren Braun breaks down how cutting-edge robots recycle your old devices and recover materials you didn't know were there.

Load More