Exhibit 99.1 CAVA GROUP REPORTS THIRD QUARTER 2024 RESULTS ___________________________________________ YEAR OVER YEAR CAVA REVENUE GROWTH OF 39.0% INCLUDING CAVA SAME RESTAURANT SALES GROWTH OF 18.1% ___________________________________________ 11 NET NEW CAVA RESTAURANT OPENINGS DURING QUARTER ___________________________________________ THIRD QUARTER 2024 CAVA RESTAURANT-LEVEL PROFIT MARGIN OF 25.6% ___________________________________________ WASHINGTON, D.C. (November 12, 2024) - CAVA Group, Inc. (NYSE: CA ...

CAVA Group, Inc. (CAVA) is slated to release third-quarter 2024 results on Nov. 12, after the closing bell. In the last reported quarter, the company's earnings beat the Zacks Consensus Estimate by 30.58%. CAVA surpassed earnings estimates in the trailing four quarters. The average surprise in this period is 257.7%, as shown in the chart below. Image Source: Zacks Investment Research Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. CAVA's Q3 Estimate Revisions The Zacks Consensus Es ...

Cava Group (CAVA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual inv ...

Cava Group (CAVA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

Market Overview - The U.S. equity markets have experienced significant volatility recently, driven by strong earnings from blue-chip technology stocks and a tight Presidential election race, leading to a stock market rally followed by a sharp decline [1] - Concerns regarding a potential rate cut by the Federal Reserve have also contributed to the market downtrend [1] Labor Market and Economic Conditions - The labor market showed soft conditions, with only 12,000 jobs added in October, significantly below the estimated 100,000 [2] - Escalating geopolitical tensions in the Middle East present a latent threat to market stability [2] Investment Strategies - In uncertain times, investors are turning to momentum stocks as a strategy to achieve sustained profits, particularly when traditional value or growth investing fails [2] - Momentum investing is based on the principle of "buying high and selling higher," capitalizing on established trends [3] Momentum Strategy Implementation - Momentum strategies have historically been alpha-generative across various market stages, though they can be challenging to implement due to the difficulty in detecting trends [4] - A screening strategy has been developed to identify fast-moving stocks that can yield significant gains [4] Screening Parameters for Momentum Stocks - The screening process includes selecting the top 50 stocks with the best percentage price change over the last 52 weeks to ensure steady appreciation [5] - From these, the bottom 10 performers over the past week are chosen to identify those experiencing short-term pullbacks [6] - Stocks with a Zacks Rank 1 (Strong Buy) are included, as they have a proven history of outperformance [6] - A Momentum Style Score of B or better is required, indicating optimal timing for stock acquisition [7] - Stocks must have a current price greater than $5 and be among the top 3000 by market capitalization to ensure stability [8] Featured Momentum Stocks - CAVA Group, Inc. has seen a stock surge of 286.5% over the past year but a decline of 4.6% in the past week, with a Momentum Score of A [8] - Carpenter Technology Corporation has rallied 129.3% in the past year but declined 7.2% in the past week, also holding a Momentum Score of A [9] - The Greenbrier Companies has experienced a 59.6% increase in stock price over the past year, with a recent decline of 4.8% and a Momentum Score of A [10]

Group 1: Stock Performance - Cava Group (CAVA) closed at $132.12, reflecting a +0.45% change from the previous day, outperforming the S&P 500's loss of 0.28% [1] - Over the past month, Cava Group's shares have increased by 3.89%, surpassing the Retail-Wholesale sector's gain of 1.01% and the S&P 500's gain of 0.41% [1] Group 2: Upcoming Earnings - Cava Group is set to release its earnings report on November 12, 2024, with an expected EPS of $0.11, representing an 83.33% increase from the prior-year quarter [2] - The consensus estimate for quarterly revenue is $234.86 million, which is a 33.79% increase from the same period last year [2] Group 3: Annual Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $0.44 per share and revenue of $940.81 million, indicating increases of +109.52% and +29.11% respectively from the previous year [3] Group 4: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Cava Group indicate a positive outlook for the company's business trends, with positive revisions seen as a sign of optimism [3][4] - Cava Group currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 2.35% over the past month [5] Group 5: Valuation Metrics - Cava Group's Forward P/E ratio stands at 301.87, significantly higher than the industry's average Forward P/E of 23.69, indicating a premium valuation [6] - The Retail - Restaurants industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [6]

Cava has a lot of potential to get bigger in the future, but are investors already pricing in a lot of that growth?One of the hottest food stocks to own this year has been that of Cava Group (CAVA -0.19%). The Mediterranean restaurant chain went public last year, and while it didn't get off to a great start, 2024 has been a much better year for the stock. Year to date, Cava's valuation has risen by more than 220%, and it's currently trading around its 52-week high. What's behind the stock's impressive rally ...

Cava Group (CAVA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this Mediterranean restaurant chain have returned +8.9%, compared to the Zacks S&P 500 composite's +1% change. During this period, the Zacks Retail - Restaurants industry, which Cava falls in, has lost 2.2%. The key question now is: What could be the stock's future direction?Although media ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 25: CAVA Group, Inc. (CAVA) : This restaurant chain company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. CAVA Group's shares gained 77.2% over the last three months compared with the S&P 500's advanced of 7.5%. The company possesses a Momentum Score of A. Orla Mining Ltd. (ORLA) : This mining company has a Zack ...

Cava Group (CAVA) ended the recent trading session at $138.65, demonstrating a +1.53% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.22%. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.Heading into today, shares of the Mediterranean restaurant chain had gained 7.66% over the past month, outpacing the Retail-Wholesale sector's loss of 0.42% and the S&P 500's gain of 1.47% in that time.Th ...