08:05 AM EDT, 08/13/2025 (MT Newswires) -- (Updates with the recent stock movement in the first paragraph.)

CAVA Group ( CAVA ) shares were down more than 24% in recent Wednesday pre-bell activity after the company lowered its full-year same restaurant sales growth outlook and reported revenue below the estimates.

CAVA ( CAVA ) reported Q2 adjusted earnings late Tuesday of $0.16 per diluted share, up from $0.14 a year earlier.

Analysts surveyed by FactSet expected $0.13.

Revenue for the twelve weeks ending July 13 was $280.6 million, up from $233.5 million a year earlier.

Analysts polled by FactSet expected $285.5 million.

The company reiterated its full-year 2025 adjusted earnings before interest, taxes, depreciation, and amortization guidance of $152 million to $159 million.

The company lowered its same restaurant sales growth outlook for 2025 to 4% to 6% from 6% to 8% expected earlier.

Price: 63.85, Change: -20.65, Percent Change: -24.44