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Cava (CAVA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Cava Group (CAVA - Free Report) reported revenue of $233.5 million, up 35.1% over the same period last year. EPS came in at $0.17, compared to $0.21 in the year-ago quarter.
The reported revenue represents a surprise of +5.17% over the Zacks Consensus Estimate of $222.03 million. With the consensus EPS estimate being $0.13, the EPS surprise was +30.77%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cava performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
End of period CAVA Restaurants
: 341 versus 335 estimated by seven analysts on average.
CAVA Same Restaurant Sales Growth
: 14.4% compared to the 7.2% average estimate based on seven analysts.
New CAVA restaurant openings, including converted Zoes Kitchen locations
: 18 versus the four-analyst average estimate of 11.
Occupancy as a percentage of CAVA Revenue
: 6.9% compared to the 7.6% average estimate based on two analysts.
Revenue- CAVA Restaurant
: $231.38 million versus the eight-analyst average estimate of $219.76 million.
Revenue- Other
: $2.11 million compared to the $2.27 million average estimate based on eight analysts.
Restaurant-Level profit- Other
: $1.10 million versus the three-analyst average estimate of $0.74 million.
Restaurant-Level profit- CAVA
: $61.27 million compared to the $57.80 million average estimate based on three analysts.
Shares of Cava have returned +32% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Cava (CAVA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Cava Group (CAVA - Free Report) reported revenue of $233.5 million, up 35.1% over the same period last year. EPS came in at $0.17, compared to $0.21 in the year-ago quarter.
The reported revenue represents a surprise of +5.17% over the Zacks Consensus Estimate of $222.03 million. With the consensus EPS estimate being $0.13, the EPS surprise was +30.77%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cava performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Cava here>>>End of period CAVA Restaurants
: 341 versus 335 estimated by seven analysts on average.CAVA Same Restaurant Sales Growth
: 14.4% compared to the 7.2% average estimate based on seven analysts.New CAVA restaurant openings, including converted Zoes Kitchen locations
: 18 versus the four-analyst average estimate of 11.Occupancy as a percentage of CAVA Revenue
: 6.9% compared to the 7.6% average estimate based on two analysts.Revenue- CAVA Restaurant
: $231.38 million versus the eight-analyst average estimate of $219.76 million.Revenue- Other
: $2.11 million compared to the $2.27 million average estimate based on eight analysts.Restaurant-Level profit- Other
: $1.10 million versus the three-analyst average estimate of $0.74 million.Restaurant-Level profit- CAVA
: $61.27 million compared to the $57.80 million average estimate based on three analysts.Shares of Cava have returned +32% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.