CAVA Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• CAVA Group, Inc. CAVA.N reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 10 cents to 14 cents per share.

• Revenue rose 22% to $356.44 million from a year ago; analysts expected $358.54 million.

• CAVA Group, Inc.'s reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $13.2 million.

• CAVA Group, Inc. shares had risen by 11.5% this quarter and gained 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for CAVA Group, Inc. is $82.00, about 24.4% above its last closing price of $61.98

This summary was machine generated from LSEG data November 5 at 12:43 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)