1145 ET - Cava's shares are down 4.3% despite company reporting higher 1Q revenue, profit and same-store sales. Some analysts were looking for higher guidance. The company reiterated its full-year guidance, which CEO Brett Schulman says on CNBC is in the high 30s in percentage growth when comparing on a three-year basis. That guidance is moderate compared to about 41% growth in the latest quarter when comparing on a three-year basis, Schulman says. Premium priced items like spicy lamb meatballs or adding pita chips continued to be successful, Schulman says when asked if Cava has noticed consumers under pressure. "Over the past year, you've seen an increasingly selective consumer," he says. "And so then it's important to compete for those guests and win their business everyday." (roshan.fernandez@wsj.com)

(END) Dow Jones Newswires

May 16, 2025 11:45 ET (15:45 GMT)

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