Exhibit 99.1 CAVA GROUP REPORTS SECOND QUARTER 2024 RESULTS ___________________________________________ YEAR OVER YEAR CAVA REVENUE GROWTH OF 35.2% INCLUDING CAVA SAME RESTAURANT SALES GROWTH OF 14.4% ___________________________________________ 18 NET NEW CAVA RESTAURANT OPENINGS DURING QUARTER ___________________________________________ SECOND QUARTER 2024 CAVA RESTAURANT-LEVEL PROFIT MARGIN OF 26.5% ___________________________________________ WASHINGTON, D.C. (August 22, 2024) - CAVA Group, Inc. (NYSE: CA ...

Customers arrive at a Cava restaurant in New York City, U.S., June 22, 2023. Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-thanexpected quarterly earnings and revenue. Shares of the company rose 7% in extended trading. The stock has more than doubled its value this year, bringing Cava's market cap up to about $11.6 billion, as of Thursday's close. Here's what the company reported for the quarter ended July 14 compared with what Wall Street was expec ...

Spencer Platt Thesis CAVA Group Inc. (NYSE:CAVA) has recently become a customer favorite in the chain restaurant business, using their fast-paced twist on Mediterranean food to give consumers the benefits of taste, health, and convenience. After a closer look at the company, I believe CAVA has been indicating future bullish trends. CAVA's recent earnings, stock performance, and technical analysis encourage the notion that the up-and-coming restaurant is here to stay. I believe the firm's recent growth and e ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cava Group (CAVA) , which belongs to the Zacks Retail - Restaurants industry, could be a great candidate to consider. When looking at the last two reports, this Mediterranean restaurant chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 150%, on average, in the last two quarters. For the most recent ...

CAVA Group, Inc. (CAVA) is slated to release second-quarter 2024 financial numbers on Aug 22, after the closing bell. In the last reported quarter, the company's earnings beat the Zacks Consensus Estimate by 200%. CAVA surpassed earnings in all of the trailing four quarters, the surprise being 450%, on average. The Trend in Estimate Revision The Zacks Consensus Estimate for second-quarter earnings per share (EPS) has remained flat at 12 cents. The estimated figure indicates a 42.9% decline from the year-ago ...

LauriPatterson/E+ via Getty Images It's been a while since we last covered Cava (NYSE:CAVA), the leading Mediterranean fast casual restaurant chain. In our first article last September, we compared the company with Chipotle (CMG), and ultimately argued that CAVA was likely the better option for growth-oriented investors. With a mostly undemanding valuation, leaning long at the time was a relatively easy decision. Then, earlier this year, we covered the stock again, recommending a slightly more conservative ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Cava Group (CAVA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Cava currently has an average brokerage recommendation (ABR ...

Cava Group (CAVA) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 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 earnings report, which is expected to be released on August 22, 2024, might help the stock move higher if these key numbers are better than expe ...

On Aug 9, CAVA Group, Inc.'s (CAVA) shares breached the $90 mark for the first time in the past 30 days. This Mediterranean restaurant chain also makes product offerings through grocery stores and provides online ordering platforms. Share price of this Zacks Rank #3 (Hold) company, which is part of the Zacks Retail - Restaurants industry, has grown a whopping 110.1% in 2024. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Cava is an ever-growing company, with only 323 outlet ...

Consumers are falling in love with a flavor profile beyond hamburgers and Tex-Mex. There's no denying McDonald's is still the king of the restaurant business. Its 40,000 stores collectively did $119.8 billion worth of business last year, generating $25.5 billion of revenue and $8.5 billion of net income for the company. No other name even comes close to matching those numbers. From an investor's standpoint, however, size isn't everything. Indeed, size can even be a drawback by virtue of making it tougher to ...