Cava Group raised its full-year fiscal 2026 outlook following first-quarter results that beat estimates. The company reported earnings of $0.20 per share, down 9.1% from a year ago but above the Zacks Consensus Estimate of $0.17, while total revenues rose 32.1% year over year to $0.44 billion, topping the consensus mark of $0.42 billion. Same Restaurant Sales increased 9.7%, including Guest Traffic growth of 6.8%, and the company ended the quarter with 459 CAVA restaurants, up from 382 a year earlier. Cava now expects 75 to 77 net new restaurant openings, up from prior guidance of 74 to 76, and Same Restaurant Sales growth of 4.5% to 6.5%, up from 3.0% to 5.0% previously. The company also lifted its restaurant-level profit margin outlook to 23.7% to 24.3% and raised its adjusted EBITDA forecast to $181 million to $191 million.
CAVA Group, Inc.Cava raised full-year outlook after earnings beat, with higher guidance for openings, same-restaurant sales, and EBITDA.
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