• 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

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