🔴 CAVA Group is trading 12.5% down in pre-market after its report missed revenue and earnings estimates

CAVA Group is trading at $54.23 (-12.50%) in pre-market after its November 4 report missed revenue and earnings estimates.

• Same-restaurant sales rose 3.1%, below expectations.
• Management cited a roughly 150-basis-point sales drag from Cyclospora and fresh-produce concerns; restaurant-level margin contracted year over year.
• Full-year same-restaurant sales guidance was raised, but adjusted EBITDA guidance remained below analyst expectations.