The fast-casual chain, which made a strong market debut in June last year, exceeded second quarter expectations after markets closed on Thursday, and said...
FILE PHOTO: The logo for Cava Group is displayed on a screen on the floor of the NYSE in New York - Mediterranean restaurant chain Cava Group 's shares surged over 23% to a record high of $125.38 on Friday, after strong demand for its salad bowls and pita wraps boosted its annual sales and earnings forecast .
Cava, in contrast, took a 3% menu price increase in January with no further price increases planned in 2024, Wedbush analyst Nick Setyan noted. "We continue to view... CAVA's attractive value proposition, growth in advertising, increased brand awareness, menu innovation ... as drivers of growth in the near- to medium-term," Wedbush's Setyan said.
BOULDER, Colo. — Two freight trains collided and derailed in Boulder, Colorado, on Thursday night, damaging a bridge, spilling fuel and injuring two crew members, according to police.The Bears shored up their pass rush by trading for edge rusher Darrell Taylor.
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