Earnings Releases·Nov 4, 2026, 4:13 PM ET

CAVA Group — Third Quarter 2026 Earnings Summary

Revenue grew 22.1% year-over-year to $353.7 million, while Net Income declined to $13.2 million from $14.7 million; Adjusted EBITDA rose 5.7% to $42.3 million and Restaurant-Level Profit increased 16.2% to $82.7 million.
Full-year 2026 guidance was updated to reflect 76–78 net new restaurant openings (up from 75–77), Same Restaurant Sales of 6.0%–7.0% (up from 4.5%–6.5%), and Adjusted EBITDA of $184.0–$189.0 million (up from $181.0–$191.0 million).
Restaurant-Level Profit Margin guidance was lowered to 23.7%–24.0% (down from 23.7%–24.3%) due to incremental labor investments, higher third-party delivery mix, and maintenance costs, though the company gained market share and opened its 500th location ahead of schedule.
Fiscal 2026 Pre-opening costs guidance increased to $28.5–$29.5 million, and the company reported $37.1 million in Free Cash Flow year-to-date despite headwinds from Cyclospora concerns and broader fresh produce consumption trends.