Cava Group Q2 EPS $0.21 Beats $(0.03) Estimate, Sales $172.89M Beat $163.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cava Group (NYSE:CAVA) reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $(0.03) by 800 percent. The company also reported quarterly sales of $172.89 million, surpassing the analyst consensus estimate of $163.20 million by 5.94 percent.
August 15, 2023 | 8:12 pm
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POSITIVE IMPACT
Cava Group's Q2 earnings and sales exceeded analyst estimates, which could lead to a positive market reaction.
Cava Group's earnings per share and sales for Q2 significantly beat analyst estimates. This outperformance is typically viewed positively by the market and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100