Changes in US stocks | Q2 results exceeded expectations CAVA Group (CAVA.US) surged more than 12% in early trading

The Zhitong Finance App learned that on Wednesday, CAVA Group (CAVA.US) surged more than 12% in early trading and is now at $68.27. According to the news, the company's financial results for the second quarter of 2026 exceeded market expectations. Second-quarter revenue reached $368.4 million, up 31.3% year over year, exceeding Wall Street expectations of $361 million; adjusted earnings per share were $0.19, slightly higher than market expectations of $0.18. The company reiterated its guidance for the full year of FY2026, including the goal of net opening 75 to 77 new stores and increasing same-store sales by 4.5% to 6.5%.

Jefferies gave the company a “buy” rating, with a target price of 95 US dollars, saying that CAVA is still one of the few growth targets with investment value in the restaurant industry; RBC also raised the target price to 95 US dollars to maintain the “outperform the market” rating.