Cava Shares Drop Amid Lowered Sales Forecast and Consumer Uncertainty
TL;DR Summary
Cava's stock plummeted after the company lowered its full-year sales forecast due to economic uncertainty and a 'fog' over consumer confidence, despite some recent sales momentum and strategic investments in automation and store redesigns.
- Cava trims sales outlook, stock tumbles as CEO says consumers are navigating a ‘fog’ MarketWatch
- Cava stock plummets after company lowers forecast on disappointing same-store sales growth CNBC
- Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down Yahoo Finance
- Cava's shares crater after first annual sales growth target cut since IPO Reuters
- Cava Cuts Outlook on Weak Second Quarter as Consumers Face ‘Fog and Uncertainty’ The Wall Street Journal
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