CAVA Q2: 9% Same-Store Sales, 31% Revenue Growth, Guidance Reaffirmed
CAVA sits 43% above its 52-week low of $43.41.
Summary
CAVA Group reported Q2 2026 earnings with 9% same-restaurant sales growth, 31% revenue growth, and reaffirmed full-year guidance, underscoring strong consumer demand and unit economics.
Updates
· Benzinga — CAVA plans to enter Las Vegas in H2 2026 and the Bay Area in 2027. Shares rose 11.33% premarket after the Q2 beat.
· Dow Jones Newswires — Q2 profit was $23M, or 19 cents a share, beating estimates by a penny; more than half of same-restaurant sales growth came from traffic. Management said trends rebounded to mid single-digit growth last week after cyclospora concerns. Shares jumped 12% after hours.
Key Events · Earnings and Guidance · CAVA
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Q2 Revenue +31% to $365.4M
Revenue grew 31.3% year-over-year to $365.4 million, driven by 94 net new restaurant openings over the past year and a 9.0% increase in same-restaurant sales.
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Same-Restaurant Sales +9.0%
Same-restaurant sales rose 9.0%, composed of 5.3% guest traffic growth and 3.7% from menu price and product mix, well above the 7.63% consensus estimate.
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Restaurant-Level Profit Margin 25.7%
Restaurant-level profit margin was 25.7%, down 60 basis points year-over-year due to input costs from the Pomegranate Glazed Salmon launch and higher third-party delivery mix, partially offset by sales leverage.
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Adjusted EBITDA +30% to $54.7M
Adjusted EBITDA grew 30.0% to $54.7 million, with margin of 14.9%, reflecting strong operating leverage from higher sales and new unit performance.
Analysis · CAVA · Trade & Services
A standout quarter saw same-restaurant sales climb 9% — well above the 7.63% consensus — driven entirely by traffic and price/mix. Revenue jumped 31% to $365.4M, and restaurant-level margins held at a healthy 25.7% despite input cost headwinds from a new menu launch and delivery mix. Reaffirming full-year guidance signals confidence in the growth trajectory. Against a backdrop of recent insider selling by a major affiliate, these results reinforce the underlying business momentum and the portability of the CAVA concept.
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At the time of this filing, CAVA was trading at $62.20 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $43.41 to $98.79. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.