Cava Group Q1 Earnings: Revenue Beat, EPS Beat, Guidance Raise, Continued Investments In Scalable Infrastructure And More
Portfolio Pulse from Adam Eckert
Cava Group Inc (NYSE:CAVA) reported strong Q1 earnings with revenue and EPS beating estimates. The company raised its FY24 guidance and continues to invest in scalable infrastructure. Despite positive results, the stock was down 6.91% after hours.
May 28, 2024 | 8:27 pm
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Cava Group Inc reported strong Q1 earnings with revenue and EPS beating estimates. The company raised its FY24 guidance and continues to invest in scalable infrastructure. Despite positive results, the stock was down 6.91% after hours.
Cava Group's strong Q1 earnings and raised FY24 guidance indicate positive business momentum. However, the after-hours stock price drop suggests investor concerns, possibly about future growth sustainability or market conditions.
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