On May 18, CAVA Group rose 7.75% in after-hours trading, trading at $84.5 USD/share, with trading volume of $18.89 million. The surge was driven by the company's better-than-expected first-quarter financial results.

CAVA Group reported quarterly earnings of $0.20 per share, beating the analyst consensus estimate of $0.17 by 17.65%. Revenue came in at $438.27 million, surpassing expectations of $411.25 million. While EPS represented a 9.09% year-over-year decrease from $0.22 per share in the same quarter last year, the significant top- and bottom-line beats triggered buying momentum in after-hours trading.

Within the Restaurants sector where CAVA Group belongs, the sector remained largely flat during regular hours. Among individual stocks, McDonald's up 0.17%, DoorDash up 0.1%, Chipotle Mexican Grill down 0.08%, Starbucks flat at 0%, Domino's Pizza flat at 0%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)