CAVA Group shares are trading lower despite a Q1 earnings beat and increased FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
CAVA Group shares are trading lower despite a Q1 earnings beat and increased FY24 guidance.
May 28, 2024 | 8:12 pm
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NEGATIVE IMPACT
CAVA Group shares are trading lower despite reporting a Q1 earnings beat and raising their FY24 guidance.
Despite positive earnings and guidance, the market reaction is negative, indicating potential concerns about other factors such as future growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100