Cava: Q2 Earnings Snapshot

WASHINGTON (AP) — WASHINGTON (AP) — Cava Group Inc. (CAVA) on Tuesday reported second-quarter net income of $18.4 million.

On a per-share basis, the Washington-based company said it had net income of 16 cents.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The Mediterranean restaurant chain posted revenue of $280.6 million in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $286.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAVA at https://www.zacks.com/ap/CAVA

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