CAVA Group (NYSE:CAVA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$259.0m (up 28% from 1Q 2023).
• Net income: US$14.0m (up from US$2.14m loss in 1Q 2023).
• Profit margin: 5.4% (up from net loss in 1Q 2023).
• EPS: US$0.12 (up from US$1.30 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CAVA Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 198%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

The company's shares are up 12% from a week ago.

Risk Analysis

You should always think about risks.

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