Cava Group raised FY24 adjusted EBITDA From $100M - $105M to $105M - $114M , Same Restaurant Sales Growth from 4.5%-6.5% to 8.5%-9.5%
Portfolio Pulse from Benzinga Newsdesk
Cava Group has increased its FY24 adjusted EBITDA guidance from $100M-$105M to $105M-$114M and raised its same restaurant sales growth forecast from 4.5%-6.5% to 8.5%-9.5%.
August 22, 2024 | 8:19 pm
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Cava Group has revised its FY24 financial outlook upwards, increasing its adjusted EBITDA and same restaurant sales growth forecasts. This suggests a stronger financial performance than previously anticipated.
The upward revision of both adjusted EBITDA and same restaurant sales growth indicates improved financial performance expectations. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100