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Cava down after third-quarter sales miss

By Reuters News

** Shares of restaurant chain Cava Group CAVA.N down about 12% at $54.59 in extended trading

** Co posts Q3 sales of $356.4 million, misses estimates of $358.5 million, according to data compiled by LSEG

** Says same restaurant sales decreased by about 150 basis points due to the impact of cyclospora and broader concerns around fresh produce consumption

** Reports quarterly EPS of 11 cents, down from 12 cents last year

** Logs restaurant-level profit margin of 23.4%, a decrease of 120 basis points for the quarter

** However, raises full-year 2026 outlook

** As of last close, CAVA up ~5% YTD

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