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CAVA GROUP (CAVA)

Earnings summaries and quarterly performance for CAVA GROUP.

Research analysts who have asked questions during CAVA GROUP earnings calls.

Andrew Charles

TD Cowen

6 questions for CAVA

Also covers: BROS, CMG, DPZ +13 more

David Tarantino

Robert W. Baird & Co.

6 questions for CAVA

Also covers: ATKR, BROS, CAKE +18 more

Jeffrey Bernstein

Barclays

6 questions for CAVA

Also covers: BJRI, BLMN, BROS +22 more

Brian Harbour

Morgan Stanley

5 questions for CAVA

Also covers: BLMN, BROS, CAKE +21 more

Brian Mullan

Piper Sandler

5 questions for CAVA

Also covers: BJRI, BLMN, BROS +18 more

Danilo Gargiulo

AllianceBernstein

5 questions for CAVA

Also covers: CMG, DPZ, DRI +7 more

Sharon Zackfia

William Blair & Company

5 questions for CAVA

Also covers: BIRK, BJRI, BROS +16 more

Andrew Barish

Jefferies

4 questions for CAVA

Also covers: BROS, CAKE, DRI +10 more

Jon Tower

Citigroup

4 questions for CAVA

Also covers: BJRI, BLMN, CAKE +17 more

Sara Senatore

Bank of America

4 questions for CAVA

Also covers: BLMN, BROS, CAKE +21 more

Brian Vaccaro

Raymond James Financial, Inc.

3 questions for CAVA

Also covers: BLMN, CAKE, DIN +7 more

Dennis Geiger

UBS

3 questions for CAVA

Also covers: BLMN, BROS, CAKE +18 more

Eric Gonzalez

KeyBanc Capital Markets

3 questions for CAVA

Also covers: DENN, DIN, DRI +7 more

John Ivankoe

JPMorgan Chase & Co.

3 questions for CAVA

Also covers: BLMN, BROS, CAKE +13 more

Brian Beccaro

Raymond James

2 questions for CAVA

Chris O'cull

Stifel Financial Corp

2 questions for CAVA

Also covers: BROS, CMG, DPZ +11 more

Chris O'Cull

Stifel

2 questions for CAVA

Also covers: EAT, SBUX, WING

Christopher O'Cull

Stifel, Nicolaus & Company

2 questions for CAVA

Also covers: BROS, CMG, DPZ +13 more

Ivan Yu

Jefferies

2 questions for CAVA

Jacob Aiken-Phillips

Melius Research

2 questions for CAVA

Also covers: ACI, BROS, CASY +9 more

John Ivanko

JPMorgan

2 questions for CAVA

Also covers: CAKE, DRI, EAT

Logan Reich

RBC Capital Markets

2 questions for CAVA

Also covers: BROS, DPZ, JACK +5 more

Nick Setyan

Wedbush Securities

2 questions for CAVA

Also covers: BJRI, BROS, DENN +4 more

John Powers

Citi

1 question for CAVA

Matthew Curtis

William Blair & Company

1 question for CAVA

Also covers: KRUS, LOCO, PBPB +1 more

Rahul Krotthapalli

JPMorgan Chase & Co.

1 question for CAVA

Also covers: BROS, CAKE, DNUT +8 more

Recent press releases and 8-K filings for CAVA.

Cava Group Lowers 2025 Sales Outlook and Reports Q3 Miss
CAVA
Guidance Update
Earnings
Demand Weakening
  • Cava Group has lowered its 2025 same-store sales growth forecast to 3% to 4% from an earlier estimate of 4% to 6%, citing economic pressures on younger consumers aged 25 to 35.
  • The company's third-quarter revenue of $289.8 million and earnings per share of 12 cents both missed Wall Street expectations, contributing to a nearly 10% drop in after-hours stock trading.
  • Despite these headwinds, Cava is gaining market share by maintaining a strong value proposition, having increased menu prices by only 17% since 2019, significantly less than its peers.
  • Cava is also enhancing its offerings and operations through new menu items like Chicken Shawarma, an upgraded rewards program, and the implementation of new kitchen technology such as a kitchen display system (KDS) and TurboChef ovens.
Nov 5, 2025, 3:14 AM
CAVA Group Inc. Announces Q3 2025 Results and Updates Full-Year Guidance
CAVA
Earnings
Guidance Update
Demand Weakening
  • CAVA Group Inc. reported Q3 2025 revenue of $289.8 million, a 20% year-over-year increase, with a restaurant-level profit margin of 24.6% and Adjusted EBITDA of $40 million, up 19.6% from Q3 2024.
  • Same restaurant sales grew 1.9% in Q3 2025, and the company expanded its footprint by 17 net new restaurants, reaching a total of 415 locations.
  • The company updated its full-year 2025 guidance, projecting 68-70 net new restaurant openings, 3%-4% same restaurant sales growth, and Adjusted EBITDA between $148 million and $152 million.
  • Management acknowledged moderation in trends due to broader macroeconomic pressures, particularly impacting younger consumers, but highlighted continued market share gains and a strong value proposition.
Nov 4, 2025, 10:00 PM
CAVA Group Inc. Reports Q3 2025 Results and Updates Full-Year Guidance
CAVA
Earnings
Guidance Update
Demand Weakening
  • CAVA Group Inc. reported Q3 2025 revenue of $289.8 million, a 20% increase year-over-year, with same restaurant sales growth of 1.9% and a restaurant-level profit margin of 24.6%.
  • The company added 17 net new restaurants in Q3, reaching 415 total locations, and achieved Adjusted EBITDA of $40 million, up 19.6% from Q3 2024.
  • For the full year 2025, CAVA updated its outlook, projecting 68-70 net new restaurant openings, same restaurant sales growth of 3%-4%, and Adjusted EBITDA between $148 million and $152 million.
  • Management noted a moderation in trends reflecting broader macroeconomic pressures and strong prior-year comparisons, but remains confident in long-term structural health, anticipating at least 16% unit count growth in 2026 and very modest price increases.
Nov 4, 2025, 10:00 PM
CAVA announces Q3 2025 results and updates fiscal year 2025 guidance
CAVA
Earnings
Guidance Update
New Projects/Investments
  • CAVA reported Q3 2025 revenue of $289.8 million, marking a 20.0% increase compared to Q3 2024.
  • Same Restaurant Sales Growth (SRS%) was 1.9% for Q3 2025, with a CAVA Restaurant Level Profit Margin of 24.6%.
  • The company achieved Total Company Adjusted EBITDA of $40.0 million and Total Company Net Income of $14.7 million in Q3 2025.
  • CAVA opened 17 net new restaurants during Q3 2025, increasing the total restaurant count to 415.
  • CAVA updated its fiscal year 2025 guidance, revising CAVA Same Restaurant Sales Growth to 3.0% - 4.0% (from 4.0% - 6.0%), CAVA Restaurant Level Profit Margin to 24.4% - 24.8% (from 24.8% - 25.2%), and Adjusted EBITDA to $148.0 million - $152.0 million (from $152.0 million - $159.0 million).
Nov 4, 2025, 10:00 PM
CAVA Reports Q3 2025 Financial Results and Updates Full-Year Outlook
CAVA
Earnings
Guidance Update
Demand Weakening
  • CAVA reported Q3 2025 revenue of $289.8 million, a 20% increase year-over-year, with 1.9% same restaurant sales growth and a 24.6% restaurant-level profit margin.
  • The company opened 17 net new restaurants in Q3, bringing the total to 415 locations, and achieved $40 million in Adjusted EBITDA, a 19.6% increase over Q3 2024. Net income was $14.7 million, with diluted EPS of 12 cents.
  • For the full year 2025, CAVA updated its outlook, projecting 68-70 net new restaurant openings, 3%-4% same restaurant sales growth, and Adjusted EBITDA between $148 million and $152 million.
  • Management noted a moderation in trends reflecting broader macroeconomic pressures, particularly impacting younger guests, but highlighted the resilience of the brand and strong performance of new product launches like Chicken Shawarma.
Nov 4, 2025, 10:00 PM
CAVA Group Reports Q3 2025 Results and Updates Full-Year Guidance
CAVA
Earnings
Guidance Update
Demand Weakening
  • CAVA Group reported revenue of $289.8 million for the third quarter of fiscal 2025, representing a 20.0% increase compared to the prior year quarter, with CAVA Same Restaurant Sales Growth of 1.9%.
  • The company opened 17 net new CAVA restaurants during Q3 2025, bringing the total number of CAVA Restaurants to 415.
  • CAVA Restaurant-Level Profit Margin was 24.6%, and Adjusted EBITDA increased by 19.6% to $40.0 million for the third quarter of fiscal 2025.
  • CAVA Group updated its fiscal full-year 2025 guidance, lowering the outlook for CAVA Same Restaurant Sales Growth to 3.0% to 4.0% (from 4.0% to 6.0%) and Adjusted EBITDA to $148.0 million to $152.0 million (from $152.0 million to $159.0 million).
Nov 4, 2025, 9:17 PM
CAVA Group Reports Third Quarter 2025 Results and Updates Full-Year Guidance
CAVA
Earnings
Guidance Update
Demand Weakening
  • CAVA Group reported Q3 2025 revenue of $289.8 million, a 20.0% increase year-over-year, with 17 net new restaurant openings bringing the total to 415.
  • For Q3 2025, CAVA Same Restaurant Sales Growth was 1.9% and CAVA Restaurant-Level Profit Margin was 24.6%.
  • Net income for Q3 2025 was $14.7 million, and Adjusted EBITDA was $40.0 million.
  • The company updated its fiscal full-year 2025 guidance, revising CAVA Same Restaurant Sales Growth to 3.0% to 4.0% (from 4.0% to 6.0%) and Adjusted EBITDA to $148.0 million to $152.0 million (from $152.0 million to $159.0 million).
Nov 4, 2025, 9:10 PM
CAVA Group Reports Strong Q2 2025 Financial Results and Reaffirms Full-Year Guidance
CAVA
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • CAVA Group reported Q2 2025 revenue of $278.2 million, a 20.3% increase year-over-year, and adjusted EBITDA of $42.1 million, up 22.6%. Net income for the quarter was $18.4 million, with diluted EPS at $0.16.
  • Same restaurant sales grew 2.1% in Q2 2025, experiencing a deceleration in June attributed to lapping the prior year's steak launch and a "honeymoon effect" from high-performing new restaurants, but reaccelerated exiting Q2 and into Q3.
  • The company opened 16 net new restaurants in Q2 2025, bringing the total to 398 locations, and the 2025 new restaurant class is exceeding expectations with average unit volumes trending above $3 million. For full-year 2025, CAVA expects 68 to 70 net new restaurant openings, same restaurant sales growth of 4% to 6%, and adjusted EBITDA between $152 million and $159 million.
Aug 13, 2025, 11:35 AM
CAVA Expands into Pittsburgh Market and Updates Growth Targets
CAVA
New Projects/Investments
Guidance Update
  • CAVA has opened its first restaurant in Pittsburgh, located at 3619 Forbes Avenue, with plans to open a second Pittsburgh location later this year.
  • The company is on track to reach 1,000 restaurants by 2032, having opened 58 net new restaurants in Fiscal Year 2024 and expecting at least 17% growth in 2025.
Aug 8, 2025, 1:00 PM
CAVA Opens First Michigan Restaurant, Details Expansion Plans
CAVA
New Projects/Investments
Guidance Update
  • CAVA opened its first restaurant in Michigan on July 20, 2025, located in Canton, marking its entry into the 28th state.
  • The company aims to reach 1,000 restaurants by 2032, having opened 58 net new restaurants in Fiscal Year 2024 and expecting at least 17% growth in 2025.
Jul 20, 2025, 1:00 PM