Cava: Q2 Earnings Snapshot

Cava Group Inc. (CAVA) on Tuesday reported second-quarter profit of $6.5 million.

The Washington-based company said it had profit of 21 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The Mediterranean restaurant chain posted revenue of $172.9 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $163.2 million.

This story was generated by Automated Insights using data from Zacks Investment Research. 

More In Business

Walgreens Agrees to $10 Billion Private Equity Takeover

Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners.

Big Business This Week: Those On-Again, Off-Again Tariffs!

No one's happy about anything this week, it seems, not even lumberjacks, Gen Z music fans, and Goldman Sachs VPs.

You may want to jump off Wall Street’s wild ride, but markets do this

Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.

Trump Grants One-Month Exemption for US Automakers from New Tariffs

President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers.

Big Business This Week: Fear, Greed, and Eggs

Who's being chicken about eggs? Plus, cable's last(?) stand, quantum competition, and crypto crime.

Starbucks lays off 1,100 corporate employees as coffee chain streamlines

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations.

IRS Layoffs Could Hurt Revenue Collection and Aid Tax Dodgers

Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after tax dodgers.

Big Business This Week: Guess Who’s Back? Inflation!

President Trump said so! Plus, delivery app duels, Southwest's executive nosedive, and the truth behind Truth Social.

How Dream Exchange Is Serving Underserved and Minority Markets

Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!

All Survive As Delta Jet Flips Upside Down on a Snowy Toronto Runway

A Delta Air Lines plane has flipped upon arrival at Toronto’s Pearson Airport and ended up on its roof, injuring 18 people.

Load More