CAVA stock down over 21% before Q1 earnings
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CAVA stock has dropped over 21%, falling from $98.8 in April to approximately $76.68, marking a technical bear market. Despite a strong growth forecast with Q1 revenue expected to rise 26% year over year, EPS may decline. The stock's premium valuation, with a forward P/E significantly above sector norms, adds pressure to deliver strong results.
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