CAVA Beats Q2 Estimates
CAVA Group reports Q2 revenue of $365.43 million, beating estimates of $360.53 million
Mediterranean fast-casual restaurant company CAVA Group Inc (NYSE: CAVA ) reported better-than-expected second-quarter results after the market close on Tuesday.
Here’s what you need to know.
Cava Group shares are climbing with conviction.
What’s behind CAVA gains? Cava Group Beats Estimates In Q2 Cava reported second-quarter revenue of $365.43 million, beating the consensus estimate of $360.53 million, according to Pro.
The company posted adjusted earnings of 19 cents per share, beating estimates of 18 cents per share.
Total revenue was up 31.3% year-over-year on same restaurant sales growth of 9%, driven by guest traffic growth of 5.3%. “Our second quarter results underscore the continued strength of our category-defining brand and the resonance of our value proposition with today’s consumer,” said Brett Schulman, co-founder and CEO of Cava Group.
The company opened 17 new restaurants during the quarter, bringing total locations up to 476, up 19.6% year-over-year.
Cava ended the period with $322.76 million in cash and cash equivalents.
Cava reaffirmed expectations for 2026 same-restaurant sales growth to be between 4.5% and 6.5%.
The company also affirmed its adjusted EBITDA guidance of $181 million to $191 million, as well as expectations for opening 75 to 77 new restaurants this year.
CAVA Stock Climbs After The Close Cava shares were up 6.84% in after-hours Tuesday, trading at $65 at the time of publication, according to Pro.
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