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

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Cava Berita

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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