Investing.com -- CAVA Group Inc (NYSE:CAVA) reported second-quarter results ahead of Wall Street expectations on Wednesday, but shares fell 20% in after-hours trading.
The company posted earnings of 16 cents per share for the three months ended June, compared with analysts’ consensus estimate of 14 cents.
Revenue rose to $278.2 million from $249.66 million expected.
Cava also invested in Hyphen, a foodservice tech. company that uses robotics and artificial intelligence to automate the production of digital orders.
Hyphen has previously received a $15 million investment from Chipotle’s Cultivate Next Fund in July 2024, but Chipotle (NYSE:CMG) was not involved in the latest funding round.
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Cava beats Q2 earnings but shares tumble
Published 2 months ago
Aug 12, 2025 at 8:59 PM
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