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Story summary
- CAVA's shares fell 2.6% due to lowered price targets, weak sales growth, and a revenue miss. Analysts foresee negative same-store sales growth in new locations amid soft consumer spending.
- Bloomin’ Brands also declined by 2.6%, facing weak earnings guidance despite a slight revenue beat, raising future performance concerns.
- Samsara's stock dropped 2.6% after profit-taking, with a downgrade from Berenberg overshadowing strong earnings.
- Wall Street expects a Federal Reserve rate cut on September 17, influenced by disappointing job growth data.
- The Australian market remained resilient, with the Sensex rising over 430 points amid optimism before key inflation data releases.
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