Earnings ·
Reports Q3 revenue growth of 22.1% to $353.7M and raises full-year same-restaurant sales guidance
CAVACava Group, Inc.
CAVA Group reported fiscal third-quarter revenue of $353.7 million, a 22.1% increase from the prior year period, driven by 24 net new restaurant openings that brought its total count to 500 and same-restaurant sales growth of 3.1%. The company posted net income of $13.2 million and adjusted EBITDA of $42.3 million. Management raised full-year 2026 guidance, increasing the expected range for same-restaurant sales to 6.0%-7.0% from 4.5%-6.5%, while narrowing the pre-opening cost estimate to $28.5-$29.5 million and lowering adjusted EBITDA expectations slightly. CAVA Group operates a Mediterranean fast-casual restaurant chain.