On August 12, CAVA Group Inc. rose 11.99% overnight, trading at $68.09/share, with Turnover of $7,150.36.

The movement was driven by the company's fiscal Q2 earnings release after market close. CAVA reported adjusted EPS of $0.19, beating the consensus estimate of $0.18 and representing an 18.75% increase year-over-year from $0.16. Revenue for the 12 weeks ended July 12 came in at $368.4 million, surpassing the FactSet consensus of $360.1 million and up 31.3% from $280.6 million a year earlier. Operating income reached $26.8 million for the quarter.

The company reaffirmed its full-year same-restaurant sales growth guidance of 4.5% to 6.5%. The CFO noted that early July same-store sales temporarily flattened due to cyclospora-related concerns but subsequently rebounded to mid-single-digit growth. A consumer survey had previously indicated that the cyclospora outbreak had limited impact on CAVA foot traffic compared to peers such as Taco Bell.

CAVA Group Inc. is a Mediterranean fast-casual restaurant chain founded in 2006, specializing in healthy customizable dining, with over 85 locations nationwide.

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