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Sweetgreen, Cava trend in opposite directions

The contrast: Healthy-oriented fast-casual chains Cava and Sweetgreen delivered vastly different results in Q3.

Cava raised its full-year outlook for a third straight quarter after its top- and bottom-line results beat market expectations. The company’s revenues grew 39.0% year over year, same-restaurant sales rose 18.1%, and guest traffic increased 12.9%.

Meanwhile, Sweetgreen’s revenues grew 13.1%, just short of expectations, and the salad-centric chain lost 18 cents per share, 3 cents more than analysts expected. The company still hasn’t turned a profit.

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