Cava: Q2 Earnings Snapshot

WASHINGTON (AP) — WASHINGTON (AP) — Cava Group Inc. (CAVA) on Tuesday reported second-quarter net income of $23 million.

On a per-share basis, the Washington-based company said it had net income of 19 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The Mediterranean restaurant chain posted revenue of $368.4 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $353.3 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAVA at https://www.zacks.com/ap/CAVA