Stock Movers Cava Jumps, PayPal Surges, Novo Sinks
Feb 24, 2026
Avalon Purnell, a Bloomberg News equities reporter who analyzes company earnings and market moves, breaks down Cava’s strong sales and upbeat 2026 outlook. She walks through the market reaction to reports that Stripe may eye PayPal, and covers fallout from Novo Nordisk’s trial news and pricing shifts. Short, sharp takes on sector-specific trading reactions and what moved stocks today.
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Cava Outperforms Fast Casual Peers
- Cava Group bucked fast-casual weakness by beating Q4 revenue and giving a stronger-than-expected 2026 sales outlook.
- Management forecast comparable-store sales up 3%–5% in 2026, citing price increases and customers choosing pricier menu items despite fewer visits.
Cava Share Volatility Since 2024 Highs
- Cava has recovered materially from its 2024 highs but remains well below them, showing volatile investor sentiment.
- Shares fell from about $150 in December 2024 to roughly $67 now, yet are up nearly 16% year-to-date before the aftermarket move.
Host's Salad Over Wrap Anecdote
- Carol Massar shared a personal take on wraps versus salads when discussing Sweetgreen's struggles.
- She prefers salads over wraps and described unfolding wraps to eat the salad, illustrating casual consumer preferences mentioned on the show.