CAVA Group said its loyalty member base grew faster than its new restaurant openings in the second quarter of 2026, as the company expands its first-party audience and launched the in-app Flavor Passport experience. Same-restaurant sales rose 9% in the quarter, driven by 5.3% traffic growth, while revenues climbed 31.3% year over year to $365.4 million. Management said Pomegranate Glazed Salmon increased new-customer acquisition and drove higher frequency among loyalty members who bought it, and it sees room to raise marketing investment from historically low levels based on returns. For comparison, McDonald's has nearly 220 million active loyalty users globally and Starbucks ended its third quarter with 35.8 million 90-day active Starbucks Rewards members in the United States. CAVA shares have fallen 13% over the past year against a 7.2% decline for the industry, and the stock trades at a forward price-to-sales multiple of 3.75 versus the industry average of 3.17. The Zacks Consensus Estimate implies 2026 earnings per share will rise 1.9% year over year, with estimates declining over the past 30 days, and CAVA carries a Zacks Rank #3 (Hold).
CAVA Group, Inc.Q2 same-restaurant sales rose 9% on 5.3% traffic growth, with loyalty base and Flavor Passport driving new-customer acquisition and frequency.
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