Cava Raises Full-Year Guidance Following Strong First Quarter Performance
Cava reported a strong first-quarter performance with same-store sales up 9.7% and traffic growth of 6.8%, outperforming peers Chipotle and Sweetgreen. The company raised its full-year guidance for same-store sales to between 4.5% and 6.5%. Cava also expects to open more restaurants than previously projected.
Topics: fast-casual dining guidance upgrade same-store sales