Why CAVA Group Stock Popped Today
The fast-casual chain's revenue is already rebounding from the Cyclospora scare.
Overview
Shares of CAVA Group (NYSE: CAVA) climbed on Wednesday after the Mediterranean-style restaurant chain's healthy sales helped to assuage investors' fears that the Cyclospora outbreak would weigh on its performance.
Image source: CAVA Group.
CAVA's revenue jumped 31% year over year to $365 million in its fiscal second quarter, which ended on July 12.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.