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Cava Beats Q1 Estimates, Raises FY26 Outlook, Shares Climb - Cava Group (NYSE:CAVA)
The restaurant chain said traffic rose 6.8% and adjusted EBITDA climbed 37.6% as new locations and digital sales lifted results.
- On Tuesday, CAVA Group reported fiscal first-quarter revenue of $434.4 million, a 32.2% year-over-year increase, with CEO Brett Schulman calling the results a reflection of the company's position as a "clear industry leader."
- Same-Restaurant sales increased 9.7%, driven by 6.8% guest traffic growth, while CAVA opened 20 net new restaurants during the quarter, bringing total locations to 459 across 29 states.
- CFO Tricia Tolivar reported adjusted EBITDA grew 37.6% to $61.7 million; the company also launched glazed salmon on April 20, marking its first seafood offering.
- Following strong first-quarter results, CAVA raised full-year 2026 guidance to 75–77 net new restaurant openings and increased same-restaurant sales growth forecast to 4.5%–6.5%.
- Management continues investing in the "Flavor Your Future" initiative to develop future leaders while deploying KavaCore data systems to enable predictive operations and improve guest personalization.
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12 Articles
Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
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