WASHINGTON (AP) — WASHINGTON (AP) — Cava Group Inc. (CAVA) on Tuesday reported fourth-quarter net income of $4.9 million.
On a per-share basis, the Washington-based company said it had net income of 4 cents.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The Mediterranean restaurant chain posted revenue of $275 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $268.2 million.
For the year, the company reported profit of $63.7 million, or 54 cents per share. Revenue was reported as $1.18 billion.
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