US Stock Market Move | Q2 revenue falls short of expectations, CAVA Group (CAVA.US) plunges more than 16%
On Wednesday, CAVA Group (CAVA.US) plunged more than 16%, hitting a new low for the year at $70.58.
On Wednesday, CAVA Group (CAVA.US) plummeted over 16% to a new low for the year, closing at $70.58 per share. In terms of news, the company reported second-quarter revenue of $278 million for 2025, a 20% increase compared to the previous year but falling short of market expectations of $287 million. Net profit was $18.4 million, compared to $19.7 million in the same period last year, with same-store sales growing by 2.1%, much lower than the FactSet expectation of 6.1%. The company revised its full-year same-store sales growth forecast from the previous 6%-8% to 4%-6%, while Wall Street had expected 7.3%.
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