CAVA Group Analysts Boost Their Forecasts After Upbeat Earnings - Cava Group (NYSE:CAVA)
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CAVA Group Inc (NYSE:CAVA) shares are trading lower Wednesday on the heels of the company's first-quarter financial results. Cava reported the same restaurant sales growth of 2.3%. The company said it opened 14 new restaurants during the quarter, bringing total locations up to 323, up 22.3% year-over-year.
Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation’s economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks?
BJRI earnings call for the period ending March 31, 2024.