CAVA Group, Inc. (CAVA) is scheduled to report fiscal first-quarter 2024 results on May 28. In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate by 100%. How are Estimates Placed? The Zacks Consensus Estimate for fiscal first-quarter 2024 earnings per share has remained stable at 3 cents over the past 30 days. In the last quarter, the company reported earnings per share of 2 cents. The consensus mark for total revenues is pegged at $245.9 million, suggesting a sequenti ...

This fast-growing restaurant chain has won over many investors already. In the past five years, Chipotle has crushed it for shareholders, skyrocketing 340%. The Tex-Mex fast casual concept is still expanding rapidly, while posting incredible profitability. It makes sense that investors seeking the next big industry winner are now taking a closer look at Cava (CAVA 6.87%), a much smaller chain. This surging restaurant stock is already up nearly 90% year to date. Does this powerful momentum make Cava a once-i ...

U.S. restaurants continue to flourish in 2024 after performing impressively for the last two years. Restaurant sales were not impacted much by severe inflationary pressure. The momentum is likely to continue for the rest of 2024. Strong Restaurant Sales in April The Department of Commerce reported that sales at U.S. bars and restaurants (adjusted for seasonal variation and holiday sales but not for price changes) came in at $93.9 billion in April, up 0.2% from March. Year over year, spending at restaurants ...

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Mediterranean fast casual? Mediterranean fast casual Cava does build-your-own grain bowls and sandwich wraps in a similar fashion to Chipotle. But instead of Mexican food, it does Mediterranean wraps with falafel, hummus, and pita bread. In 2023, Cava locations did $2.6 million in average unit volumes (AUVs) with 24.8% restaurant-level profit margins. This novel concept seems to be resonating with customers, as foot traffic per store increased 10% year over year in 2023. This new fast-casual chain is lookin ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cava Group (CAVA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Cava Group is one of 213 individual stocks in the Retail-Whol ...

Heading into today, shares of the Mediterranean restaurant chain had gained 24.9% over the past month, outpacing the Retail-Wholesale sector's gain of 2.37% and the S&P 500's gain of 2.46% in that time. The investment community will be closely monitoring the performance of Cava Group in its forthcoming earnings report. The company is scheduled to release its earnings on May 28, 2024. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.25 per share and a revenue of $874 million, si ...

Lauri Patterson/E+ via Getty Images CAVA's Financials When it comes to a delicious and relatively healthy lunch, it's hard to beat CAVA (NYSE:CAVA). The fast casual restaurant chain is loved by many, but the stock has only recently begun to find its footing, up more than 140% following a protracted price trough that occurred post-IPO last year: TradingView For reference, we came out with our initial 'Buy' rating last September when the stock had just been cut in half, and shares were at $31: | About This Ar ...

Each of these stocks offers something different for investors.Cava Group (CAVA -0.11%) was a sensation on Wall Street when it went public just a year ago as one of the only exciting initial public offerings in a dry year. It has been compared to the restaurant mega-chain Chipotle Mexican Grill (CMG -0.33%) for its healthy fast-casual food and prices.But is that a fair comparison? And stacked up against each other, which stock is the better buy today?Is Cava the next Chipotle?Cava is a small but fast-growing ...

Cava Group (CAVA) ended the recent trading session at $74.24, demonstrating a -0.09% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 0.1%.Coming into today, shares of the Mediterranean restaurant chain had gained 14.43% in the past month. In that same time, the Retail-Wholesale sector gained 0.98%, while the S&P 500 lost 0.35%.Analysts and investors alike will be keeping a close eye on the per ...