Cava Group Q1 2024 GAAP EPS $0.12 Beats $0.05 Estimate, Sales $256.300M Beat $245.935M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cava Group (NYSE:CAVA) reported Q1 2024 earnings per share (EPS) of $0.12, significantly beating the analyst consensus estimate of $0.05 by 140%. The company also reported quarterly sales of $256.3 million, surpassing the estimate of $245.935 million by 4.21%.
May 28, 2024 | 8:11 pm
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Cava Group reported Q1 2024 earnings per share of $0.12, beating the analyst estimate of $0.05 by 140%. Quarterly sales were $256.3 million, exceeding the estimate of $245.935 million by 4.21%.
The significant beat on both EPS and sales estimates is likely to positively impact CAVA's stock price in the short term. The 140% beat on EPS and the 4.21% beat on sales indicate strong financial performance, which should boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100