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Benzinga
Benzinga
Business
Dylan Berman

Cava Stock Has Fallen Over The Past Three Months: What's Going On?

Cava JP Morgan Stifel
CAVA Restaurant-Photo by Nicole Glass Photography via Shutterstock

CAVA Group, Inc. (NYSE:CAVA) stock is down 2.68% over the past three months. Here’s what you need to know.

What To Know: In May, the company reported earnings for the first-quarter. Cava reported adjusted earnings per share of 22 cents, beating the consensus estimate of 14 cents. In addition, the company reported sales of $331.83 million, beating the consensus estimate of $326.88 million, and representing a 28.2% year-over-year climb.

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