Cava raised its full-year outlook following a solid fiscal second quarter, reporting better-than-expected earnings and revenue. The Mediterranean restaurant chain's same-store sales grew, driven by increased customer traffic. Cava's stock rose 7% in extended trading, and its market cap now exceeds $11 billion. The chain plans to open more than fifty new locations this year, has raised its same-store sales growth, and has adjusted its EBITDA projections for 2024.
