CAVA Earnings Reports

CAVA Group reported a strong fiscal fourth quarter with revenue growth of 28.3% to $225.1 million and adjusted net income of $6.5 million. The company experienced same-restaurant sales growth of 21.2% and added 15 new locations. Operating income was $3.95 million, driven by a restaurant-level profit margin of 22.4%.

CAVA Group reported a strong third quarter with a 39.0% increase in revenue, driven by new restaurant openings and same restaurant sales growth of 18.1%. The company opened 11 net new restaurants, bringing the total to 352. Net income increased to $18.0 million, and the company raised its full-year 2024 guidance.

CAVA Group reported a strong second quarter in 2024, marked by a 35.2% increase in revenue to $231.4 million, driven by new restaurant openings and a 14.4% growth in same restaurant sales. The company opened 18 net new restaurants, bringing the total to 341, and achieved a net income of $19.7 million.

CAVA Group reported strong first quarter 2024 results, with revenue growth of 30.3% and net income of $14.0 million. The company opened 14 net new restaurants and saw same restaurant sales growth of 2.3%.

CAVA Group reported strong third-quarter results with a 49.5% increase in revenue, driven by a 14.1% increase in same-restaurant sales growth and the opening of 11 new restaurants. Net income was $6.8 million, a significant improvement from the previous year's net loss of $11.9 million.

CAVA Group reported a strong second quarter with significant year-over-year revenue growth of 62.4%, driven by an 18.2% increase in same restaurant sales growth. The company opened 16 net new restaurants and achieved a net income of $6.5 million and Adjusted EBITDA of $21.6 million.