Cava shares plunged over 22% after Q2 same-store sales rose just 2.1%, missing estimates, and full-year growth guidance was cut to 4-6% from 6-8%. Revenue rose 20% to $280.6 million, slightly below forecasts. Despite the miss, retail sentiment on Stocktwits turned 'extremely bullish,' with some traders calling the dip a buying opportunity.
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09:09 am on
13 Aug