What's Going On With CAVA Stock Wednesday?
What's Going On With CAVA Stock Wednesday?
It reported a restaurant-level profit of $61.8 million, a 41.9% increase compared to the same period last year. In addition, it reported same-restaurant sales growth of 18.1%, average unit volume of $2.8 million, and digital revenue mix of 35.8%.CAVA Group, Inc. (NYSE:CAVA) shares are moving higher on Wednesday after the company reported better-than-expected 2024 third-quarter earnings after the bell on Tuesday.
CAVA集團股份有限公司（NYSE:CAVA）的股價週三上漲，原因是該公司在週二的收盤後發佈了2024年第三季度收益高於預期的業績。
The Details: CAVA shares surged about 14% Tuesday after the company released its earnings report. The results detailed earnings per share of 15 cents, beating analyst estimates of $11 cents.
細節：CAVA股票週二大漲約14%，因該公司發佈了其業績。結果顯示每股盈利爲15美分，超過分析師預期的11美分。
Furthermore, CAVA reported sales of $243.82 million, beating analyst estimates of $233.59 million and representing 39% growth year-over-year. The company provided an in-depth look at its quarterly revenue.
此外，CAVA報告銷售額爲24382萬美元，超過分析師預期的23359萬美元，同比增長39%。公司對其季度營業收入做了深入的分析。
It reported a restaurant-level profit of $61.8 million, a 41.9% increase compared to the same period last year. In addition, it reported same-restaurant sales growth of 18.1%, average unit volume of $2.8 million, and digital revenue mix of 35.8%.
其餐廳層面利潤爲6180萬美元，較去年同期增長41.9%。此外，其報告了同店銷售增長18.1%，平均單店銷售額爲280萬美元，數字營收佔比爲35.8%。
CAVA reported other key pieces of financial data, including adjusted EBITDA of $33.5 million. Additionally, it reported general and administrative expenses of $29.8 million.
CAVA報告了其他關鍵財務數據，包括3350萬美元的調整後EBITDA。此外，其報告的總部和行政費用爲2980萬美元。
"Our third quarter results demonstrate the strength of our Mediterranean category-defining brand and the broad appeal of our unique value proposition, creating what is quickly becoming the next major cultural cuisine category," said Brett Schulman, Co-Founder and CEO.
「我們的第三季度業績顯示了我們地中海類別定義品牌的實力以及我們獨特價值主張的廣泛吸引力，創造了快速成爲下一個主要文化烹飪類別的狀況，」 佈雷特·舒爾曼，共同創始人兼首席執行官說。
"Third quarter traffic grew 12.9%, we opened 11 net new restaurants and, driven by the power of our unit economic engine, we generated an average unit volume of $2.8 million. In addition, we continued to execute across our strategic initiatives, completing the national launch of our reimagined loyalty program and rolling out our new labor model ahead of schedule."
「第三季度人流量增長了12.9％，我們開設了11家淨新餐廳，受我們單店經濟引擎的推動，我們產生了每店平均銷售額280萬美元。此外，我們繼續在戰略舉措方面執行，全國推出了我們重新構想的忠誠計劃，並提前推出了我們的新勞動力模型。」
The company also raised its outlook for the 2024 fiscal year. It now expects net new restaurant openings to be between 56 and 58, it previously anticipated between 54 and 57. CAVA anticipates same-restaurant sales growth to be from 12% to 13%. It previously expected 8.5% to 9.5%.
公司還提高了2024財年的展望。 現在預計新餐廳開業數量將在56到58之間，之前預計在54到57之間。CAVA預計同店銷售增長將在12%至13%之間。之前預計爲8.5%至9.5%。
Analyst Changes: Following the earnings report, multiple analysts released price target adjustments.
分析師變動：在發佈收益報告後，多位分析師發佈了股價目標調整。
- Wedbush analyst Nick Setyan maintained an Outperform rating on CAVA and raised the price target from $155 to $190.
- TD Cowen analyst Andrew Charles maintained a Buy rating on CAVA and raised the price target from $130 to $150.
- JP Morgan analyst John Ivankoe maintained a Neutral rating on CAVA and raised the price target from $90 to $110.
- Stifel analyst Chris O'Cull maintained a Buy rating on CAVA and raised the price target from $118 to $175.
- Wedbush分析師Nick Setyan認爲CAVA仍然具有表現評級，並將目標價從155美元上調至190美元。
- TD Cowen分析師Andrew Charles維持對CAVA的買入評級，並將目標價從130美元上調至150美元。
- JP Morgan分析師John Ivankoe維持對CAVA的中立評級，並將目標價從90美元上調至110美元。
- Stifel分析師Chris O'Cull維持對CAVA的買入評級，並將目標價從118美元上調至175美元。
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CAVA Price Action: At the time of writing, CAVA Group shares are moving 6.97% higher at $155.12, according to data from Benzinga Pro.
CAVA股價走勢：截至撰寫本文時，CAVA集團股價上漲6.97%，報155.12美元，據Benzinga Pro數據顯示。
Image: Courtesy of CAVA
圖片：CAVA提供
譯文內容由第三人軟體翻譯。
