Benzinga
  • 4 months ago
Cava raised its full-year outlook following a solid fiscal second quarter, reporting better-than-expected earnings and revenue. The Mediterranean restaurant chain's same-store sales grew, driven by increased customer traffic. Cava's stock rose 7% in extended trading, and its market cap now exceeds $11 billion. The chain plans to open more than fifty new locations this year, has raised its same-store sales growth, and has adjusted its EBITDA projections for 2024.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Kava raised its full-year outlook following a solid fiscal second quarter reporting better
00:07than expected earnings and revenue.
00:09The Mediterranean restaurant chain's same-store sales grew, driven by increased customer traffic.
00:14Kava stock rose 7% in extended trading, and its market cap now exceeds $11 billion.
00:19The chain plans to open more than 50 new locations this year and has raised its same-store sales
00:24growth and has adjusted its EBITDA projections for 2024.
00:27For all things money, visit Benzinga.com.
00:30For more information visit www.benzinga.com

Recommended

0:43
I
Up next
Target Misses Q3 Earnings and Revenue, Cuts Full-Year Profit Guidance Despite Price Cuts on 10,000 Items to Attract More Shoppers
Benzinga
0:37
Intuit Shares Drop 6% After Revenue Forecast Misses Expectations Amid Delayed Sales
Benzinga
0:37
Target Raises Profit Guidance After Q2 Growth, Credits New Merchandise and Loyalty Programs
Benzinga
0:32
DoorDash Exceeds Revenue Expectations in Q2 Performance, Sees Surge in Total Orders
Benzinga
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
0:41
Zoom Shares Drop 4% Despite Beating Q3 Estimates With Earnings and Revenue Topping Forecasts
Benzinga
0:38
Uber Beats Revenue Estimates, Sees Robust Demand and Consumer Spending Shifts Fueling Marketplace Expansion
Benzinga
0:35
HelloFresh Shares Surge 11% After Beating Earnings Estimates, Propelled by Its Ready-to-Eat Meal Delivery.
Benzinga
0:42
Nordstrom Tops Quarterly Sales Expectations, Projects Conservative Full-Year Forecast
Benzinga
0:32
Walmart Raises Full-Year Forecast Amid Early Holiday Shopping Surge
Benzinga
0:35
Gap Surpasses Wall Street Projections, Increases Annual Sales Outlook As It Goes Into A Promising Holiday Season
Benzinga
0:36
American Eagle's First-Quarter Net Income Quadruples, but Revenue Growth Falls Short of Expectations
Benzinga
0:40
Shopify Stock Soars Post-Earnings As E-Commerce Platform Integrates AI For Greater Efficiency
Benzinga
0:32
Netflix Shares Rise In Premarket Trading After Reporting Q3 Earnings, Beating Estimates.
Benzinga
0:40
Yum Brands' Q4 Same-Store Sales Growth Misses Expectations for KFC, Pizza Hut, and Taco Bell
Benzinga
0:36
PepsiCo Lowers 2024 Revenue Outlook After Weak Q3 Sales, Hit By Decline In US Demand, Quaker Foods Recall
Benzinga
0:37
Dollar General Shares Dive 25% After Slashing Sales Outlook, Cites Struggles Among Its Lower-Income Customers
Benzinga
0:37
Lowe's Beats Expectations, But Warns of Slower Sales Ahead
Benzinga
0:40
Victoria's Secret Boosts Annual Outlook After Beating Revenue Projections
Benzinga
0:31
AMD Shares Rebound After Chipmaker Posts Q2 Beat, Guidance Tops Expectations: CEO Lisa Su Says AI Business Accelerating
Benzinga
0:43
Cava's Shares Are Up 200% YTD. Here's Why Wall Street Says the Fast-Casual Mediterranean Chain Is the Next Chipotle
Benzinga
0:35
Foot Locker's 'Lace Up Plan' Boosts Performance, Sales Surge After Six Quarters of Decline.
Benzinga
0:38
CrowdStrike Boosts Annual Forecasts After Beating Q3 Revenue Estimates Amid Growing Cybersecurity Demand.
Benzinga
0:35
Novo Nordisk Raises Sales Growth Outlook Despite Profit Miss. CEO Predicts 'Attractive Growth' Amidst Competition and Regulation Shifts.
Benzinga
0:36
Palo Alto Networks Reports Strong Earnings but Cuts Billings and Revenue Growth Forecast
Benzinga