BUZZ-Kava shares fall as third-quarter sales miss expectations

November 4 - ** The share price of restaurant chain Cava Group (CAVA.N) fell about 12% in after-hours trading, closing at $54.59.

**According to data compiled by London Stock Exchange Group (LSEG), the company's third-quarter revenue was $356.4 million, missing the expected $358.5 million.

**The company stated that due to a cyclospora outbreak and general market concerns over consumption of fresh produce, same-store sales declined by around 150 basis points.

** The report shows earnings per share for the quarter were 11 cents, down from last year's 12 cents.

** The restaurant-level margin for the quarter was 23.4%, a decrease of 120 basis points.

**However, guidance for full-year 2026 results was raised.

** As of the close of the previous trading day, CAVA shares have gained about 5% since the beginning of this year.

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