CAVA Q2 revenue beats analyst expectations on traffic increase, restaurant openings
CAVA•Result drivers
- NEW RESTAURANT OPENINGS - Co said revenue growth was primarily driven by 94 net new restaurant openings during or subsequent to Q2 2025, which exceeded performance expectations
- GUEST TRAFFIC - Same restaurant sales growth was driven by a 5.3% increase in guest traffic
- MENU PRICE AND PRODUCT MIX - Co said menu price increases and product mix changes contributed 3.7% to same restaurant sales growth
Outlook reaffirmed
- CAVA reaffirms 2026 outlook for 75 to 77 net new restaurant openings
- Company expects 2026 same restaurant sales growth of 4.5% to 6.5%
- CAVA sees 2026 adjusted EBITDA between $181.0 mln and $191.0 mln
Q2 results beat expectations
- US Mediterranean fast-casual chain's Q2 revenue rose 31%, beating analyst expectations
- Same restaurant sales up 9.0%, driven by 5.3% guest traffic growth
- Restaurant-level profit margin dipped due to higher input costs and delivery mix
