CAVA / Cava restaurant group serves up first profitable quarter since June IPO

CAVA, a Mediterranean restaurant, has seen a decline in its stock value since going public five months ago, now trading at a lower price-to-sales than more_horizontal

Chipotle reported strong sales growth and improving profitability in the 2023 third quarter. Cava posted high sales and comps growth in its first repo more_horizontal

Fresh off its IPO, the Mediterranean food chain has been growing at a rapid pace. Cava surprised with a profit in the second quarter, and that should more_horizontal

Cava shares are well off their peak price from just three months ago. Shareholders are most interested in the company's store growth plans. more_horizontal

Cava has an interesting, if iterative, restaurant concept. Investors are likely comparing Cava to Chipotle Mexican Grill. more_horizontal

Cava is a Mediterranean-themed restaurant chain that only just came public. McDonald's is a fast-food giant with a massive global footprint and decade more_horizontal

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP. more_horizontal

Cava Group is unusual among young companies in that it's already turning a profit. The fast-casual restaurant chain plans to more than triple its curr more_horizontal