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Aug 22, 2024 4:50 PM

Cava Group Stock Climbs On Q2 Results: EPS Beat, Sales Beat, Raises Guidance

CAVA Group, Inc. (NYSE:CAVA) reported its second-quarter earnings after the closing bell Thursday. Here's a look at the details from the report. 

The Details: Cava Group reported quarterly earnings of 17 cents per share which beat the analyst consensus estimate of 12 cents by 41.67%. Quarterly sales clocked in at $233.495 million, beating the analyst consensus estimate by 7% and representing a 35.05% increase from the same period last year.

The company saw same-restaurant sales growth of 14.4% which consisted of traffic growth of 9.5% and a 4.9% increase from menu price and product mix.

Restaurant-level profit margin was ...