Cava Shares Crash. Should Investors Buy the Stock on the Dip or Run for the Hills?

Shares of Cava Group (NYSE: CAVA) plunged after the Mediterranean-themed restaurant operator's same-store sales growth slowed in its fiscal second quarter (ended July 13), missing expectations. The stock is now down nearly 40% year to date as of this writing.Let's dive into the company's latest results and prospects to see if investors should buy the dip or steer clear of the stock.After reporting double-digit growth in comparable-restaurant sales (comps) each of the past four quarters, Cava's growth slowed considerably in its fiscal Q2. Comps edged up just 2.1% with guest traffic largely flat. That was well below the 6.1% increase that analysts were expecting, based on market intelligence site StreetAccount's estimates, and a big slowdown from recent quarters. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool