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Cava Group is set to report its first-quarter financial results after the bell Tuesday and will host a conference call to discuss the results at 5 p.m. ET. The stock is moving one of the top trending tickers on WallStreetBets and is moving on above-average volume ahead of the earnings report.
Cava cleared estimates and lifted its outlook on key metrics for its Q1 report Tuesday. But CAVA stock falls as traffic eases.
Cava's first-quarter revenue increased 30.3% year-over-year to $256.3 million, which beat the consensus estimate of $245.935 million, according to Benzinga Pro.
Dow Jones futures: While Nvidia stock continued to drive the Nasdaq higher, the Dow undercut support. Hot IPO Cava fell late on earnings.
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Coming up: Inflation data; earnings from Salesforce, Costco, and Dell; and a market closure Monday for Memorial Day.