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Cava is set to report Q2 earnings results, as stock reaches new all-time high

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Cava Locations,Chris O'cull

Cava seems to be in the sweet spot of fast casual dining ahead of its Q2 earnings report.

After market close on Thursday, the Mediterranean fast-casual chain is expected to report a nearly 27% jump in net sales to $219 million, while adjusted earnings are expected to come in at $0.13.Wedbush analyst Nick Setyan said it expects "accelerating two-year transaction trends, led most importantly by the launch of steak."

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