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Benzinga

Business

Adam Eckert

Cava Group Q2 Earnings: Revenue Miss, EPS Beat, Shares Plunge On Softer Same-Store Sales Growth Expectations

Cava Cava Group

CAVA Restaurant-Photo by Nicole Glass Photography via Shutterstock

Mediterranean fast-casual restaurant chain CAVA Group Inc (NYSE:CAVA) reported financial results for the second quarter after the market close on Tuesday. Here’s what you need to know from the report.

Q2 Earnings: Cava reported second-quarter revenue of $278.25 million, missing the consensus estimate of $286.58 million, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.

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