Snap, Dutch Bros and Cava earnings misses
Snap fell over 10% on weak user numbers and EPS, Dutch Bros dropped about 18% after hours on a cut outlook, and Cava slid on a Cyclospora outbreak.
What we know
Snap's DAUs were 495M vs 499M est., and EPS was 3 cents vs 16 cents. The Kobeissi Letter says the stock is down 94% from its all-time high. Dutch Bros cut its EBITDA outlook while raising capex.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.