CAVA Group Stock News

WASHINGTON--(BUSINESS WIRE)--CAVA, the category-defining Mediterranean fast-casual restaurant brand, today announced the appointment of John Ludeke as Chief Marketing Officer, strengthening its leadership team as the company deepens its relationship with guests, expands nationally and continues to build one of the most distinctive brands in the restaurant industry.In this role, effective Octobe...

WASHINGTON--(BUSINESS WIRE)--CAVA (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand, today announced a significant achievement in the company's continued national expansion as it commemorates its 500-restaurant footprint. CAVA is currently ahead of schedule and poised to surpass its goal of 1,000 restaurants by 2032. CAVA marked the moment at its Minneapolis restaur...

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA), today announced that its board of directors approved a share repurchase program with authorization to purchase up to $100 million of its outstanding shares of common stock. Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qu...

Plus, Trump threatens 50% tariff on automobiles and parts from Canada.

Lettuce prices posted their sharpest month-over-month decline on record in July. The multistate cyclospora outbreak has caused diners to reconsider whether to eat the leafy green.

Eaters are showing up and chowing down at Cava.

CAVA Group (NYSE:CAVA) shares jumped 12.7% after the fast-casual chain beat second-quarter estimates on both revenue and earnings, with same-restaurant sales climbing 9% and easing investor concerns over a recent cyclospora-linked slowdown in the sector. Revenue rose 31.3% year-over-year to $365.4 million, topping estimates of $361 million, while adjusted earnings per share came in at $0.19, ah...

Cava saw 9% same-restaurant sales growth in Q2.