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 reporting a Q1 earnings beat and increasing their FY24 guidance.
May 29, 2024 | 2:30 pm
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CAVA Group shares are experiencing a decline in price despite the company reporting better-than-expected Q1 earnings and raising its FY24 guidance.
The decline in CAVA Group's share price despite positive earnings and guidance suggests that investors may have had higher expectations or there may be other underlying concerns affecting sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100