• CAVA Group Inc CAVA.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 10 cents to 17 cents per share.

• Revenue rose 28.1% to $331.83 million from a year ago; analysts expected $326.70 million.

• CAVA Group Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $25.71 million.

• CAVA Group Inc shares had risen by 15.2% this quarter and lost 11.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for CAVA Group Inc is $113.00

This summary was machine generated from LSEG data May 15 at 09:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)