04:30 PM EST, 11/12/2024 (MT Newswires) -- CAVA Group ( CAVA ) reported fiscal Q3 earnings late Tuesday of $0.15 per diluted share, up from $0.06 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended Oct. 6 was $243.8 million, up from $175.6 million a year earlier.

Analysts surveyed by Capital IQ expected $233.1 million.

For fiscal 2024, the company now expects same-restaurant sales growth of between 12% and 13%, against an 8.5% and 9.5% projection previously. Analysts surveyed by Capital IQ expect 9.8% growth.

Shares of CAVA ( CAVA ) were nearly 14% higher in after-hours activity.

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