CAVA Group, Inc. (NYSE:CAVA) has seen a 41% drop in shares this year due to poor sales and earnings, with a 16.6% decline in August after lowering same-store sales growth guidance by 2%. Jim Cramer attributes this to high menu prices, stating they are too expensive compared to competitors like Brinker.
Cramer previously criticized CAVA Group, Inc. (NYSE:CAVA) for being expensive at $15 compared to cheaper options like Smash Burger or Chili’s $10 burger. While CAVA has potential, other AI stocks may offer better returns with less risk. For a report on a low-cost AI stock benefiting from Trump tariffs, visit Insider Monkey.
Read more at Yahoo Finance: Jim Cramer Reveals Why CAVA Group, Inc. (CAVA) Is Struggling
