Is Cava Group Stock Still a Hot Buy After Rallying 60% This Year? [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
Investors have been bullish about the Mediterranean fast-casual restaurant brand and its ability to cater to a broad and diverse customer base, which could make the chain more resilient amid a challenging economy. But while the company has been achieving some strong results in recent quarters, has the stock become too hot to buy right now, or could shares of Cava still soar higher? The company is coming off a strong 2023 In February, Cava reported its fourth-quarter and year-end results. For the quarter ending Dec. 31, 2023, the company's revenue totaled $177.2 million and grew by 36% year over year. The company has not only been opening more locations, but its existing stores have also been producing strong numbers. Comparable-restaurant sales (comps) were up by more than 11% in the fourth quarter. That's a great sign that demand remains strong and growing. For the full year, Cava's comps growth was even higher at just under 18%. The impressive results have helped the compa
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CAVA
News
- CAVA Group (NYSE:CAVA): Investors' Appetite for the Salad Chain Is Growing [Yahoo! Finance]Yahoo! Finance
- Cava Group (CAVA) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- CAVA to Announce First Quarter 2024 Financial Results on May 28, 2024Business Wire
- Reddit Earnings Forecast Spark Community Debate About Platform's Value [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But Cava Group (CAVA) Gained Today [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 2/26/24 - Beat
CAVA
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- CAVA's page on the SEC website