Cava’s sales forecast misses estimates, but fast-casual chain says diners are spending more
Source: MarketWatch | Published: February 26, 2025, 1:13 a.m.
Shares of Cava Group Inc. fell after hours on Tuesday after the Mediterranean fast-casual chain forecast full-year same-store sales that were below analysts’ expectations, following what some analysts said was a high bar for a restaurant that has grown despite high food prices that have spooked consumers.
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