Sweetgreen Vs. Cava: Wilted Earnings Meet Mediterranean Muscle In Q2

Second quarter earnings reveal a tale of two bowls as Sweetgreen Inc (NYSE:SG) and Cava Group Inc (NYSE:CAVA) duke it out in the fast-casual restaurant sector.

Sweetgreen's stock took a 28% nosedive by 11 a.m. ET Friday after a dismal earnings miss that came out after market close on Thursday. CAVA, on the other hand, looks poised for a potential victory lap with its report due Aug. 12. One's serving up losses, the other's grilling for gains. Let's dig into the crunch.

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Sweetgreen's Soggy Salad Days

Sweetgreen's second quarter report was a wilted mess. Revenue hit $185.6 million, missing the $194.34 million mark, with a per-share loss of 20 cents against an expected per-share loss of 11 cents. ...