Cava Stock Leaps As Growth Returns; Chili's Parent Brinker Misses But Outlook Crispy

Why Is CAVA Group Stock Soaring Wednesday? - Cava Group (NYSE:CAVA)

CAVA Group beat Q2 with $365.43M revenue (+31.3% YoY), +9% same-restaurant sales, and 476 locations (+19.6% YoY). Zero debt and $435.6M cash support tech scaling (Flavor Passport app, back-office automation) amid 30% EBITDA growth.