Cava Group Q4 EPS $0.02 Up From $(13.72) YoY, Sales $177.17M Beat $174.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cava Group (NYSE:CAVA) reported a significant improvement in Q4 earnings, posting $0.02 EPS, up from a loss of $(13.72) YoY. Sales reached $177.17M, exceeding the $174.29M estimate and marking a 36.36% increase from the previous year.
February 27, 2024 | 6:24 am
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Cava Group reported a dramatic turnaround in Q4 earnings, moving from a significant loss to a profit, with sales also surpassing expectations.
The significant improvement in earnings from a substantial loss to a profit, coupled with sales exceeding analyst estimates, indicates a strong financial performance and operational efficiency. This is likely to positively influence investor sentiment and the stock price in the short term.
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