04:29 PM EDT, 08/22/2024 (MT Newswires) -- CAVA Group ( CAVA ) reported fiscal Q2 earnings late Thursday of $0.17 per diluted share, down from $0.21 a year ago.

Analysts polled by Capital IQ expected earnings of $0.12.

Revenue for the quarter that ended July 14 was $233.5 million, up from $172.9 million a year earlier.

Analysts surveyed by Capital IQ expected $219.5 million.

For fiscal 2024, the company now expects same-restaurant sales growth of between 8.5% and 9.5%, against a 4.5% to 6.5% projection previously. Analysts expect about 6.4% growth.

Shares of CAVA Group ( CAVA ) traded nearly 6% higher in after-hours activity.

Price: 107.95, Change: +6.01, Percent Change: +5.90