Cava Stock Jumps After Q4 Double Beat

CAVA Group, Inc. (NYSE:CAVA) shares are trading higher Wednesday after the company reported better-than-expected fourth-quarter financial results on Tuesday after the market closed.

• Cava stock is among today’s top performers. Why is CAVA stock up today?

Double Beat Backed By Expansion And Margin Gains

Cava reported adjusted earnings per share of 4 cents, beating the consensus estimate of 3 cents. In addition, the company reported revenue of $274.98 million, beating the consensus estimate of $267.92 million.

Total revenue increased 21.2% year over year, driven primarily ...

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