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Benzinga

Business

Nabaparna Bhattacharya

Why CAVA Group Stock Is Falling Today

Cava Cava Group Stifel

CAVA Restaurant-Photo by Nicole Glass Photography via Shutterstock

CAVA Group, Inc. (NYSE:CAVA) shares are trading lower on Wednesday. The firm reported financial results for the second quarter after the market close on Tuesday, with total revenues of $278.25 million, missing the consensus estimate of $286.58 million.

The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.

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