Prediction: Cava Stock Will Soar After Earnings
In a time when a lot of restaurant stocks are causing a bout of indigestion for shareholders, Cava Group (NYSE: CAVA) offers the potential of a winning recipe. The fast-growing chain offering fresh takes on Mediterranean and Greek-inspired food is cultivating a growing fan base. It's one of the few fast-casual concepts still posting positive store-level comps, for now.
That winning streak could end next week. Cava's historically positive year-over-year growth at the individual store level has been decelerating sharply over the past year. With economic and even dietary trends gnawing away at restaurant operators, the chain could be on the verge of posting its first decline in same-restaurant sales as a public company.
Image source: Cava Group.
Source Fool.com
