CAVA Reports Third-Quarter Revenue of $356.44 Million, EPS of $0.11
Revenue rose 22.0% year over year, while net income declined 10.5%. Growth reflected 102 net new restaurant openings and 3.1% same-restaurant sales growth; higher operating expenses, pre-opening costs and investments pressured earnings.
CAVA’s revenue rose 22.0% year over year in the third quarter, while net income declined 10.5%. Revenue growth reflected 102 net new restaurant openings and 3.1% same-restaurant sales growth; earnings were pressured by higher restaurant operating expenses, pre-opening costs and investments to suppo…