Cava Group Analysts Boost Their Forecasts After Upbeat Results

CAVA Group Inc CAVA reported better-than-expected first-quarter financial results on Thursday.Cava’s first-quarter revenue increased 28.2% year-over-year to $331.83 million, beating the consensus estimate of$326.88 million, according to Benzinga Pro. The Mediterranean fast-casual restaurant chain company reported first-quarter adjusted earnings of 22 cents per share, beating analyst estimates of 14 cents per share."In spite of economic uncertainty and challenging weather, CAVA's first quarter results demon ...