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

Cybersecurity Firm Denies It’s a Threat After US Bans Its Software

The Russian company said in a statement that the Commerce Department's decision would not affect its ability to sell its cybersecurity products in the U.S.

Should Tips Be Tax-Free? Trump Thinks So

Former President Donald Trump’s proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers.

TikTok Accuses Federal Agency of ‘political demagoguery’ Over Ban

Attorneys for TikTok said the agency “ceased any substantive negotiations” with the company after it submitted a draft agreement in August 2022.

Nvidia Surpasses Microsoft to Become the Most Valuable U.S. Company

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as investors now value the company at over $3.3 trillion.

Fisker Files for Bankruptcy, the Second EV Maker in the Past Year

Electric vehicle makers are struggling to lure more buyers beyond the early adapters of the technology.

How The NFL Is Playing Defense In Sunday Night Ticket Lawsuit

Ben Fischer, reporter at Sports Business Journal, speaks to Dave Briggs to unpack everything you need to know about the NFL's Sunday Night Ticket lawsuit.

Sorry, Millennials: Mortgage Rates Aren’t Dropping Anytime Soon

First time home buyers aren’t just dealing with high rates and home prices, but ‘hidden’ costs, like property taxes and repairs.

Walmart Is a Big Winner in the War on Inflation

Retail sales are slowing down, as consumers shift away from pandemic-era catchup spending and start prioritizing value.

Majority of Americans Favor Forgiving Medical Debt

"I didn't feel like dying," Janille Williams said. “I don’t think anyone should have to go into financial ruin to live."

Boeing’s CEO to Appear Before Senate as New Whistleblower Emerges

New allegations are arising that “nonconforming” parts — ones that could be defective or aren’t properly documented — are going into 737 Max jets.

Load More