CAVA Stock Dips Post Q4 Earnings: Buying Opportunity or Warning?
CAVA Group, Inc. (CAVA) reported fourth-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate, but revenues exceeded the same. However, the top and bottom lines increased year over year.In fourth-quarter 2024, the company’s revenues increased 28.3% year over year. CAVA’s revenue growth was primarily fueled by 77 net new restaurant openings during or after the fourth quarter of fiscal 2023. Additionally, the company recorded a robust 21.2% increase in same-restaurant sales, supported by ...