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Cava Group Q1 Earnings: Revenue Beat, EPS Beat, Guidance Raise, Continued Investments In Scalable Infrastructure And More

CAVA Group Inc (NYSE:CAVA) reported financial results for the first quarter of fiscal 2024 after market close on Tuesday. Here’s a look at the key metrics from the quarter. Q1 Earnings: Cava’s first-quarter revenue increased 30.3% year-over-year to $256.3 million, which beat the consensus estimate of $245.935 million, according to Benzinga Pro. The Mediterranean fast-casual restaurant chain company reported quarterly earnings of 12 cents per share, which beat analyst estimates of 5 cents per share. Net cash provided by operating activities totaled $38.4 million in the first quarter. The company generated $4.7 million of free cash ...