The earnings call reflects a strong positive sentiment with significant growth in revenue, same restaurant sales, and net income. The company has successfully expanded its restaurant base and loyalty program, while maintaining strong liquidity and cash flow. Although there were some increased costs associated with food and pre-opening expenses, these were relatively minor compared to the robust growth metrics.

Company Guidance -

Q2 2025

In the first quarter of 2025, CAVA reported a 28.2% increase in revenue, reaching $328.5 million, and a same restaurant sales growth of 10.8%, driven by a 7.5% increase in traffic. The company opened 15 net new restaurants, expanding its total to 382, marking an 18.3% increase year-over-year. Adjusted EBITDA increased by 34.6% to $44.9 million, while net income rose by 83.7% to $25.7 million compared to the first quarter of 2024. CAVA also achieved $2.7 million in free cash flow and surpassed $1 billion in revenue on a trailing 12-month basis. The company remains on track for its 2025 guidance of 64 to 68 net new restaurant openings and a same restaurant sales growth of 6% to 8%.

Strong Revenue Growth

CAVA's revenue in the first quarter of 2025 grew 28.2% year-over-year to $328.5 million.

Same Restaurant Sales and Traffic Increase

CAVA same restaurant sales increased 10.8%, driven by traffic growth of 7.5%.

Expansion and Restaurant Openings

Opened 15 net new restaurants, ending the quarter with 382 restaurants, representing an 18.3% increase year-over-year.

Adjusted EBITDA Growth

Adjusted EBITDA of $44.9 million, a 34.6% increase over the first quarter of 2024.

Net Income Surge

Net income of $25.7 million, an 83.7% increase over the first quarter of 2024.

Surpassing Revenue Milestone

Surpassed $1 billion in revenue on a trailing 12-month basis.

Loyalty Program Expansion

Loyalty program membership approaching 8 million, with sales through the program up 340 basis points as a percentage of total revenue.

Positive Cash Flow and Strong Liquidity

Free cash flow of $2.7 million, with $369.4 million in cash and investments and zero debt outstanding.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CAVA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q2)	0.14 / -	0.17	―	―	―
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
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%
Aug 22, 2024	$101.98	$122.00	+19.63%

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.