Cava Group, Inc. (CAVA) shares are gaining more than 8 percent on Tuesday morning trade after the company reported profit for the fourth quarter, compared to loss last year.
The quarterly earnings were $2.05 million or $0.02 per share, compared to loss of $18.85 million or $13.72 per share last year.
The Mediterranean fast-casual restaurant brand's revenue grew 52.5 percent for the quarter to $177.17 million from $129.94 million a year ago.
Currently, shares are at $54.74, up 8.40 percent from the previous close of $50.50 on a volume of 1,786,868.
For comments and feedback: editorial@rttnews.com