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.
Total revenue was up 20.3% year-over-year on same restaurant sales growth of 2.1% primarily from menu price and product mix. Cava …