Cava stock falls after restaurant chain’s sales forecast misses estimates
Shares of Cava Group Inc. fell after hours on Tuesday after the Mediterranean fast-casual chain forecast full-year same-store sales that were below analysts’ expectations, following what some analysts said was a high bar for a restaurant that has grown despite high food prices that have spooked consumers.
Shares of Cava Group Inc. fell after hours on Tuesday after the Mediterranean fast-casual chain forecast full-year same-store sales that were below analysts’ expectations, following what some analysts said was a high bar for a restaurant that has grown despite high food prices that have spooked consumers.
