Cava Stock Shows Volatility After Missing Profit Expectations! Revenue Still Increased by Over 28%

The Cava stock fell after the Mediterranean fast-casual chain reported a fourth-quarter profit that missed Wall Street expectations. For the three months ending in December, the company reported an adjusted earnings per share of five cents, compared to two cents a year ago, but fell short of the consensus of seven cents per share from analysts surveyed by FactSet. The stock initially plummeted by up to 10% in after-hours trading on Tuesday but has since slightly recovered. Cava was able to increase revenue by 28% and opened 15 new restaurants...