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Cava stock notches record high post-Q2 earnings beat

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Cava News

Trading Session

Shares of Cava (CAVA) are soaring, reaching an all-time high during Friday's trading session after the company beat second quarter earnings estimates. The...

) are soaring, reaching an all-time high during Friday's trading session after the company beat second quarter earnings estimates. The Mediterranean restaurant chain reported a 14.4% increase in same-store sales for the quarter while topping estimates on both the top and bottom lines.Cava Co-Founder and CEO Brett Schulman here.

And we are seeing other similar types of places like a sweet green, for example, rising on the heels of this move.I mean, you have to think that some of the move today is a short squeeze.Um But nonetheless, some of it is obviously driven by fundamental optimism as well. Lots of steak puns, by the way, um Chris Ocu over at steel in particular, calling out the expansion into new stores and not only that they are aggressively opening new stores, but that they are improving unit performance as they're opening new stores.

You need to make sure that your labor force is, you know, paid well, but also, you know, kind of getting their job done in a quick manner and you wonder how like a I plays in all that too, especially when it comes to some of these names.Independent presidential candidate Cornel West lost a legal challenge Friday in his bid to get on the ballot in the battleground state of Pennsylvania.

 

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