On this episode of Stock Movers:
- Cava Group (CAVA) is lower after trimmed its annual sales outlook after a sharp deceleration in the second quarter as diners spent less on restaurant meals. The fast-casual Mediterranean chain now says sales at established locations will expand 6% at most this year, while it previously forecast an increase of as much as 8%.
- Brinker International (EAT) is higher after fourth-quarter earnings beat expectations with the Chili’s owner expecting that momentum to carry through in the next fiscal year, issuing an outlook eclipsing analyst predictions. The Dallas-based company sees fiscal 2026 adjusted earnings of $9.90 to $10.50 per share, above the $9.88 consensus projected. The company expects revenue of $5.6 billion to $5.7 billion, with the mid-point slightly higher than the $5.63 billion analysts anticipated. Shares briefly dipped in early premarket trading before turning positive.
- CoreWeave (CRWV) shares are lower and continues its trend downward from after-market trading following a disappointing earnings outlook, reflecting margin pressures from a rapid AI datacenter expansion. The company expects third-quarter operating income of $160 million to $190 million and has seen costs surge, with a more than 20-fold jump in losses to $131 million for the June quarter.
- Webtoon Entertainment (WBTN) soared in premarket trading on Wednesday after the company, which lets creators and users make and discover digital comics, announced a deal with Walt Disney to bring about 100 series to its English-language app. The firm also forecast revenue for the third quarter that beat the average analyst estimate.
See omnystudio.com/listener for privacy information.
