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CAVA Group, Inc. (CAVA)
NYSE:CAVA
US Market

CAVA Group, Inc. (CAVA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jun 02, 2026
After Close (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.16
Last Year’s EPS
0.22
Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 24, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasizes significant growth and strong unit economics — record revenue (> $1B), double-digit top-line growth, robust new-unit productivity and strong liquidity — balanced against margin pressure from commodity and LTO costs, elevated investment and capex-driven cash flow reduction. Management provided a constructive FY2026 outlook while taking conservative assumptions for macro uncertainty and flagging near-term margin headwinds (notably salmon, higher tax rate and increased equity compensation). Overall the positive operating momentum, healthy balance sheet and explicit growth plan materially outweigh the headwinds tied largely to planned investments and temporary cost pressures.
Company Guidance
CAVA’s 2026 guidance calls for 74–76 net new restaurants, CAVA same‑restaurant sales of 3%–5%, and a restaurant‑level profit margin of 23.7%–24.2% (with preopening costs of $19.5M–$20M), driving adjusted EBITDA (including the burden of preopening) of $176M–$184M; the outlook embeds a ~90% new‑restaurant productivity assumption, assumes a ~1.4% in‑restaurant price increase taken in Jan‑2026 with no further price increases, expects salmon (launching Q1/Q2) to be a ~100 bps restaurant‑margin headwind but penny profit neutral, anticipates low single‑digit food/bev/packaging inflation and low‑to‑mid single‑digit labor inflation (including modest AGM investments), projects G&A as a percent of revenue to remain relatively flat, plans stock‑based compensation of $22M–$24M in 2026 (with ~55% of that expense in H1 due to vesting timing), expects an effective tax rate of ~25%–30% for the year (slightly lower in H1), and enters the year with $393M cash & investments, 0 debt and a $75M undrawn revolver (with plans to increase/extend it in Q1).
Record Annual Revenue — First Year over $1B
CAVA surpassed $1.0 billion in revenue for fiscal 2025, with full-year revenue growing 22.5% year-over-year and 63.1% over the last 2 years.
Robust Q4 Top-Line Growth
Fourth quarter revenue grew 21.2% year-over-year to $272.8 million.
Strong Unit Growth and New Unit Productivity
Opened 24 net new restaurants in Q4 and 72 net new restaurants for the full year, ending 2025 with 439 restaurants (a 19.6% year-over-year increase). 2025 cohort NRO AUVs trended above $3.0 million and new-restaurant productivity remained above 100% for the year.
Healthy Unit Economics and Restaurant-Level Profit
Reported restaurant-level profit margin of 21.4% (Q4) and restaurant-level profit of $58.3 million in Q4 (15.7% growth vs Q4 2024). Company expects restaurant-level profit margin between 23.7% and 24.2% in 2026 (preopening).
Adjusted EBITDA and Net Income Improvements
Full-year adjusted EBITDA was $152.8 million, up 21% versus 2024. Q4 adjusted EBITDA was $25.8 million (up 2.6% vs Q4 2024). GAAP net income for FY2025 was $63.7 million (adjusted net income improvement ~26.9% vs prior year).
Strong Liquidity and Zero Debt
Ended the quarter with $393 million in cash and investments, zero debt outstanding, and an undrawn $75 million revolver (with plans to increase size and extend maturity).
Improved Operating Cash Flow
Cash flow from operations for 2025 was $184.8 million versus $161 million in 2024, reflecting improved operating performance.
Digital & Loyalty Momentum
Loyalty contributes roughly one-third of sales; tiered loyalty rollout and invite-only 'Oasis' tier are driving early engagement and modest frequency gains. Brand awareness increased from ~55% to 62% year-over-year.
Operational Improvements — Tech & Equipment Rollouts
Kitchen Display System live in 370 locations (69 retrofits remaining) and TurboChef ovens fully rolled out across the system to improve execution, speed and consistency.
Clear 2026 Operating Outlook
Guidance for fiscal 2026 includes 74–76 net new restaurants, same-restaurant sales of 3%–5%, adjusted EBITDA of $176M–$184M, and targeted restaurant-level margins of 23.7%–24.2% (preopening).

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

CAVA Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jun 02, 2026
2026 (Q1)
0.16 / -
0.22
Feb 24, 2026
2025 (Q4)
0.03 / 0.04
0.05-20.00% (-0.01)
Nov 04, 2025
2025 (Q3)
0.13 / 0.12
0.15-20.00% (-0.03)
Aug 12, 2025
2025 (Q2)
0.14 / 0.16
0.17-5.88% (-0.01)
May 15, 2025
2025 (Q1)
0.14 / 0.22
0.1283.33% (+0.10)
Feb 25, 2025
2024 (Q4)
0.06 / 0.05
0.02150.00% (+0.03)
Nov 12, 2024
2024 (Q3)
0.11 / 0.15
0.06150.00% (+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
-0.021671.43% (+0.14)
Feb 27, 2024
2023 (Q4)
<0.01 / 0.02
-0.166112.05% (+0.19)
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
Feb 24, 2026
$67.80$85.67+26.36%
Nov 04, 2025
$51.70$50.37-2.57%
Aug 12, 2025
$84.50$70.45-16.63%
May 15, 2025
$99.06$96.81-2.27%
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.

FAQ

When does CAVA Group, Inc. (CAVA) report earnings?
CAVA Group, Inc. (CAVA) is schdueled to report earning on Jun 02, 2026, After Close (Confirmed).
    What is CAVA Group, Inc. (CAVA) earnings time?
    CAVA Group, Inc. (CAVA) earnings time is at Jun 02, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is CAVA EPS forecast?
          CAVA EPS forecast for the fiscal quarter 2026 (Q1) is 0.16.

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