Why Cava Stock Skyrocketed 116% in the First Half of 2024

Investors are excited about its potential. The next big thing in fast casual Cava is still a small outfit, with only 323 stores as of the end of the 2024 first quarter. But it has entered several states already and demonstrated relevance in different regions. That's enough for investors to be confident that it can pull off a huge expansion and grow their investments several times over. Cava reported net income of $14 million in the first quarter after a $2.1 million loss last year. It also reported its firs ...