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Why Cava Group Stock Was Withering This Week
Cava Group (NYSE: CAVA) absolutely crushed estimates in its first quarter, reported last week, but you wouldn't know it from the stock's trajectory through the past couple of days. According to data compiled by S&P Global Market Intelligence, as of early Friday morning the restaurant chain operator's shares were down by almost 13% in price week to date. Very few investors or professional Cava-watchers could fault the company's performance during the quarter, as it posted strong double-digit percentage gains in both revenue and profitability, not to mention an encouraging rise in customer traffic.Image source: Getty Images.Continue reading
Cava Group (NYSE: CAVA) absolutely crushed estimates in its first quarter, reported last week, but you wouldn't know it from the stock's trajectory through the past couple of days. According to data compiled by S&P Global Market Intelligence, as of early Friday morning the restaurant chain operator's shares were down by almost 13% in price week to date.
Very few investors or professional Cava-watchers could fault the company's performance during the quarter, as it posted strong double-digit percentage gains in both revenue and profitability, not to mention an encouraging rise in customer traffic.
Image source: Getty Images.
