CAVA Group Raises FY23 Adj. EBITDA From $62M-$67M To $70M-$73M
Portfolio Pulse from Benzinga Newsdesk
CAVA Group has increased its FY23 adjusted EBITDA forecast from $62M-$67M to $70M-$73M.
November 07, 2023 | 10:30 pm
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POSITIVE IMPACT
CAVA Group has raised its FY23 adjusted EBITDA forecast, which could indicate a positive financial outlook.
CAVA Group's upward revision of its FY23 adjusted EBITDA forecast could be seen as a positive signal by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100