Chipotle Rival CAVA Surges Over 17% As Q3 Earnings Beat Expectations And Full-Year Outlook Improves
Chipotle Rival CAVA Surges Over 17% As Q3 Earnings Beat Expectations And Full-Year Outlook Improves
Same-restaurant sales grew by 18.1%, with guest traffic up by 12.9%. The average unit volume (AUV) was reported at $2.8 million, compared to $2.6 million in the previous year. Restaurant-level profit rose by 41.9% to $61.8 million, with a profit margin of 25.6%.CAVA Group Inc. (NYSE:CAVA) experienced a significant stock price increase of 17.18% during pre-market on Wednesday after announcing robust third-quarter earnings and revising its annual outlook upwards, according to Benzinga Pro.
CAVA集團股份有限公司（紐交所：CAVA）在週三的盤前交易中股價上漲了17.18%，原因是該公司公佈了強勁的第三季度收益，並上調了年度展望，根據Benzinga Pro的報道。
The fast-casual chain, known for its Mediterranean-inspired cuisine, reported earnings of 15 cents per share, surpassing the analyst consensus of 11 cents. Quarterly revenue reached $243.82 million, exceeding expectations of $233.59 million and marking an increase from $175.55 million in the same period last year.
這家以地中海風味美食而聞名的快餐連鎖店每股收益爲15美分，超過了分析師共識的11美分。季度營業收入達到24382萬，超出預期的23359萬，也比去年同期的17555萬有所增長。
The company, a rival to Chipotle Mexican Grill, Inc. (NYSE:CMG) opened 11 new restaurants, bringing the total to 352, reflecting a 21.4% year-over-year growth in restaurant count.
該公司是Chipotle Mexican Grill, Inc.（紐交所：CMG）的競爭對手，開設了11家新餐廳，使總數達到352家，反映出餐廳數量同比增長21.4%。
Same-restaurant sales grew by 18.1%, with guest traffic up by 12.9%. The average unit volume (AUV) was reported at $2.8 million, compared to $2.6 million in the previous year. Restaurant-level profit rose by 41.9% to $61.8 million, with a profit margin of 25.6%.
同店銷售額增長了18.1%，顧客流量增加了12.9%。平均單位成交量（AUV）報告爲280萬，而去年爲260萬。餐廳層面的利潤上升了41.9%，達到了6180萬，利潤率爲25.6%。
CEO Brett Schulman highlighted the brand's strength and strategic initiatives, including a new loyalty program and labor model. The company increased its fiscal year 2024 outlook for new restaurant openings and same-restaurant sales growth. CAVA shares rose 14.80% after-hours, trading at $166.
首席執行官佈雷特·舒爾曼強調了品牌的實力和戰略舉措，包括新的忠誠計劃和勞動力模型。該公司提高了2024財年的新餐廳開設前景和同店銷售增長預期。CAVA的股票在盤後交易中上漲了14.80%，交易價格爲166美元。
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Photo via Shutterstock
圖片來自shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
這篇文章是使用Benzinga Neuro生成的，並由編輯 Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。
