CAVA slumps after weak forecast, quarterly revenue miss

Shares of restaurant chain CAVA Group CAVA.N fall 21.8% to $66.04 in extended trading

Company cuts annual forecast for same-restaurant sales growth and misses Q2 revenue estimates

CAVA now expects same-restaurant sales growth between 4% and 6% in fiscal year 2025, down from its previous forecast of a 6% to 8% growth

Company reports Q2 revenue of $280.6 million, compared to Street's estimates of $285.6 million, according to data compiled by LSEG

As of last close, shares of CAVA fell nearly 25% YTD