Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times have changed. This spring, fast-casual …
Read More »Cava Cuts Outlook on Weak Second Quarter as Consumers Face ‘Fog and Uncertainty’ The Wall Street Journal Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down Yahoo Finance Cava stock plummets after company lowers forecast on disappointing same-store sales growth CNBC Cava Cuts Sales Outlook on Cautious Diners, High Growth Bar Bloomberg.com Cava’s shares crater after …
Read More »Cava trims sales outlook, stock tumbles as CEO says consumers are navigating a ‘fog’ MarketWatch Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down Yahoo Finance Cava stock plummets after company lowers forecast on disappointing same-store sales growth CNBC Cava’s shares crater after first annual sales growth target cut since IPO Reuters Cava Cuts Outlook on …
Read More »Cava Stock Plunges on Lowered Sales Growth Outlook Barron’s Cava stock plummets after company lowers forecast on disappointing same-store sales growth CNBC Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down Yahoo Finance Cava’s shares crater after first annual sales growth target cut since IPO Reuters Cava Cuts Outlook on Weak Second Quarter as Consumers Face …
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Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%. Shares of the …
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