Cava stock plummets after company lowers forecast on disappointing same-store sales growth

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Cava

on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter.

For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%.

Shares of the company plunged more than 20% in extended trading. The stock has fallen 40% this year, including the after-hours move.