Cava Group Q2 2024 GAAP EPS $0.17 Beats $0.12 Estimate, Sales $233.495M Beat $218.215M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cava Group reported Q2 2024 earnings per share of $0.17, surpassing the analyst estimate of $0.12 by 41.67%. The company's sales reached $233.495 million, exceeding the expected $218.215 million and marking a 35.05% increase from the previous year.
August 22, 2024 | 8:14 pm
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Cava Group's Q2 2024 earnings and sales significantly exceeded analyst expectations, with EPS at $0.17 and sales at $233.495 million, indicating strong financial performance and growth.
Cava Group's earnings per share and sales both exceeded analyst expectations by significant margins, indicating strong financial health and growth potential. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100