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Melius Research raised Cava to buy from hold, saying the restaurant chain's expansion and unit economics remain durable drivers of earnings growth. The firm said Cava does not need a macro recovery to keep momentum.
Melius Research upgraded Cava to buy from hold, saying the restaurant chain's growth is supported by national expansion and strong unit economics. The note said Cava does not need a broader economic recovery to keep its momentum.
Aritzia reports that after launching its mobile shopping app a year ago, its digital channel delivered C$402.9 million in sales, up 68% year over year.