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Cava cuts sales outlook, stock tumbles

Cava cuts sales outlook and its stock tumbles as CEO says consumers are navigating a ‘fog’

Shares of Cava Group tumbled late Tuesday after the Mediterranean fast-casual restaurant chain trimmed its full-year same-store sales outlook.

Investopedia on MSN · 2d

CAVA Group Stock Tumbles as Chain's Same-Restaurant Sales Come Up Short

Key Takeaways CAVA Group's same-restaurant sales came in well short of estimates as diners pulled back on spending.The Mediterranean-themed fast-casual chain also missed revenue forecasts and slashed its same-restaurant sales growth outlook.

Newsable Asianet News on MSN · 2d

Cava Stock Nosedives After Sales Outlook Cut, Poised For Worst Day Ever — But Retail Traders Smell Opportunity

Cava Group Inc. (CAVA) shares fell over 22% in after-hours trading on Tuesday, after the Mediterranean-style restaurant chain missed comparable sales estimates for the second quarter and lowered its view for the full year.

Restaurant Technology News2d

Chipotle and Cava Invest $25 Million in Hyphen to Advance Restaurant Automation

Fast-casual rivals Chipotle Mexican Grill and Cava Group have taken an unusual step for direct competitors by joining forces to back the same technology startup. Their shared partner is Hyphen, a San ...

3don MSN

Chipotle and Cava put rivalry on pause with $25 million bet on restaurant automation

Hyphen, a foodservice platform that automates culinary operations—including meal production at assembly stations—has raised ...

Restaurant Dive3d

Cava joins Chipotle in backing Hyphen with $10M

The automated makeline company will use the money to accelerate the deployment of its technology, but Cava’s CFO says testing ...

Cava Invests In Chipotle-Backed Hyphen While Investors React To Slower Growth

Cava Group Inc. (NYSE:CAVA) shares tumbled on Wednesday as investors reacted to a quarterly revenue miss, lowered full-year sales forecast, and news of a fresh investment in food automation technology ...

2don MSN

Cava CFO: Automation to ‘enhance the human experience, not replace it’

As automation gains momentum in the food service industry, Mediterranean restaurant chain Cava—known for fan favorites like ...

QSR magazine2d

CAVA Makes Big Automation Bet

Hyphen, the company behind Chipotle’s automated make line prototype, has landed a $10 million investment from CAVA. The ...

Vending Times2d

Hyphen secures $25M in series B funding to scale automated makelines

Hyphen, a foodservice technology company, has secured $25 million in Series B funding to scale its Automated Makeline, a ...

InvestorsHub on MSN2d

Cava Shares Plunge Premarket After Company Cuts Full-Year Sales Guidance

Cava (NYSE:CAVA) saw its shares drop 22% in premarket trading in the U.S. following a reduction in its annual restaurant ...

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