CAVA demonstrated strong revenue and adjusted EBITDA growth, driven by robust new restaurant openings and innovative menu developments. Despite challenges in same-restaurant sales growth due to macroeconomic factors and previous product launches, the company remains optimistic about its long-term growth trajectory. Operational enhancements and a focus on brand building are expected to support future performance.

Company Guidance

During the CAVA Second Quarter 2025 Earnings Conference Call, the company reported a 20.3% increase in revenue compared to the same quarter last year, reaching $278.2 million, and a 62.6% increase over the past two years. CAVA's same-restaurant sales grew by 2.1%, with a restaurant-level profit margin of 26.3%. The company opened 16 net new restaurants, ending the quarter with a total of 398 locations, marking a 16.7% year-over-year increase. Adjusted EBITDA was reported at $42.1 million, reflecting a 22.6% rise from the second quarter of 2024. Additionally, CAVA achieved a net income of $18.4 million and a year-to-date free cash flow of $21.9 million. The company also highlighted the successful performance of its 2025 new restaurant class, which is on track to deliver average unit volumes above $3 million. CAVA maintains its projection of opening at least 1,000 restaurants by 2032, supported by its strategic pillars focusing on expansion, deepening guest relationships, operational excellence, and team development.

Strong Revenue Growth

CAVA's revenue increased by 20.3% year-over-year to $278.2 million and 62.6% compared to the second quarter of 2023.

Adjusted EBITDA Growth

Adjusted EBITDA grew by 22.6% to $42.1 million compared to Q2 2024.

Net New Restaurant Openings

CAVA opened 16 net new restaurants, increasing the total to 398, a 16.7% year-over-year increase.

Strong New Restaurant Performance

2025 new restaurant openings are trending above $3 million in first-year average unit volumes, surpassing expectations.

Innovative Menu Developments

Successful testing of chicken shawarma and introduction of cinnamon sugar pita chips, with plans for further menu innovations.

Operational Enhancements

Expansion of kitchen display systems and new TurboChef ovens, improving operational efficiency and guest satisfaction.

CAVA Group, Inc. (CAVA) Earnings, Revenues Date & History

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CAVA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.13 / -	0.15	―	―	―
Aug 12, 2025	2025 (Q2)	0.14 / 0.16	0.17	-5.88% (-0.01)
May 15, 2025	2025 (Q1)	0.14 / 0.22	0.12	83.33% (+0.10)
Feb 25, 2025	2024 (Q4)	0.06 / 0.05	0.02	150.00% (+0.03)
Nov 12, 2024	2024 (Q3)	0.11 / 0.15	0.06	150.00% (+0.09)
Aug 22, 2024	2024 (Q2)	0.13 / 0.17	0.21	-19.05% (-0.04)
May 28, 2024	2024 (Q1)	0.04 / 0.12	-0.021	671.43% (+0.14)
Feb 27, 2024	2023 (Q4)	<0.01 / 0.02	-0.166	112.05% (+0.19)
Nov 07, 2023	2023 (Q3)	>-0.01 / 0.06	-0.105	157.14% (+0.16)
Aug 15, 2023	2023 (Q2)	-0.02 / 0.21	-0.072	391.67% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CAVA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	$84.50	$70.45	-16.63%
May 15, 2025	$99.06	$96.81	-2.27%
Feb 25, 2025	$99.30	$98.96	-0.34%
Nov 12, 2024	$145.03	$147.30	+1.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.