CAVA Raises FY24 Same Restaurant Sales Growth Guidance From 3-5% To 4.5-6.5%, Raised Adj. EBITDA Guidance From $86M-$92M To $100M-$105M
Portfolio Pulse from Benzinga Newsdesk
CAVA has raised its FY24 same restaurant sales growth guidance from 3-5% to 4.5-6.5% and increased its adjusted EBITDA guidance from $86M-$92M to $100M-$105M.
May 28, 2024 | 8:12 pm
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CAVA has increased its FY24 same restaurant sales growth guidance to 4.5-6.5% and its adjusted EBITDA guidance to $100M-$105M, indicating a positive outlook for the company's financial performance.
The raised guidance for both same restaurant sales growth and adjusted EBITDA suggests that CAVA is performing better than previously expected. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100