Cava Stock Is Crashing. Is It Time to Buy?
Cava's slowdown hit the stock hard. "The next Chipotle" isn't getting much love from investors these days. Shares of Cava Group (CAVA -2.16%) crashed this week following a second-quarter report that missed the mark. Revenue came up short of analyst expectations, and same-store sales grew by just 2.1%. The fast-casual restaurant chain also slashed its full-year outlook for same-store sales to a range of 4% to 6%, a full two percentage points lower than its previous guidance. What's happening to Cava? Cava CF ...