Cava Group is set to report second-quarter earnings after the market closes on Tuesday, August 11. Analysts forecast revenue of $360.1 million, a 28.3% increase from the prior year, and GAAP earnings per share of $0.18, up from $0.16. The Mediterranean fast-casual chain has seen its stock decline from April highs amid industry-wide pressure from inflation and interest rate fears, but foot traffic data from Placer.ai shows a 24.6% rise in the quarter, including new locations. The company could benefit from the 'little treat economy' trend, where younger consumers spend on affordable indulgences like dining out. Cava's stock is trading at less than six times sales, near its year-to-date low, and a beat-and-raise report could drive a rebound.
