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First earnings report since IPO reveals profit for Cava

Mediterranean fast-casual chain Cava (CAVA) reported a profit in its first earnings report release since the company’s IPO in June. Same-store sales soared 18.2% from the year prior. The company anticipates significant sales growth throughout the rest of the year, but it remains cautious due to concerns about the consumer. Yahoo Finance Reporter Brooke DiPalma breaks down the story.
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