Cava posts Q1 results that top Street estimates

) posted first quarter results that topped Wall Street estimates on both the top and bottom lines. Adjusted earnings of $0.12 per share topped expectations of $0.046. Revenue of $259.0 million was better than the $245.9 million estimate.

That is above what analysts had been estimating and yet the shares are down, which I just saw after I've read all those numbers that seemed pretty positive. Also worth knowing the journal didn't know that cover raised prices in January to sort of offset ingredient inflation uh but of course, the company knows consumers as we were talking earlier in the show, they, they are feeling more stretched.Um Also, of course, you gotta put all of this into context.It, it closed today at 8240 there, you see the after hours movement, the stock is already almost doubled again this year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts in quiet trading after returning from 3-day weekendU.S. stock indexes are drifting near their record heights after Wall Street returned from a three-day weekend. The S&P 500 was up 0.1% early Tuesday and just below its record set last week.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street moves to fastest settlement of trades in a centuryThe U.S. stock market is finally as fast as it was about a hundred years ago.
Source: BNNBloomberg - 🏆 83. / 50 Read more »