On August 12, CAVA Group Inc. rose 10.71% in pre-market trading, trading at $67.99/share. The movement was driven by the company's fiscal second-quarter earnings release after Tuesday's close, which showed results exceeding Wall Street estimates on both revenue and profit lines.

Specifically, CAVA reported Q2 adjusted EPS of $0.19, surpassing the consensus estimate of $0.18 and representing an 18.75% year-over-year increase from $0.16. Revenue for the 12 weeks ended July 12 came in at $368.4 million, up 31.3% from $280.6 million a year earlier, beating the analyst expectation of approximately $360.5 million. The company reaffirmed its full-year same-restaurant sales growth outlook of 4.5% to 6.5%. The CFO noted that while early July same-store sales briefly softened to flat amid cyclospora-related concerns, trends subsequently rebounded to mid-single-digit growth. Consumer surveys had previously indicated limited impact on CAVA traffic from the outbreak. Analysts maintain an average overweight rating with a mean price target of approximately $92.77.

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