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EarningsQ2 2026 Earnings Report
CAVA Q2 2026 EPS Results
Actual EPS$0.19
Consensus EPS$0.18
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.16
CAVA Q2 2026 Revenue Results
Actual Revenue$368.44M
Expected Revenue$360.09M
Beat/MissBeat by +$8.34M
YoY Revenue Growth+31.30%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
CAVA Upcoming Earnings
CAVA Group, Inc.'s next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CAVA Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong top-line growth, robust same-restaurant sales and traffic, compelling new-unit productivity, improving profitability in dollar terms, solid liquidity and cash flow, and early success from menu innovation and loyalty—demonstrating clear operational momentum. Near-term headwinds include modest margin pressure from rising food and labor costs, higher delivery mix, incremental preopening and G&A investments, and conservative guidance that factors in temporary sales impacts from industry food-safety headlines. Overall, the positives—particularly strong revenue growth, EBITDA expansion, cash position, and unit economics—substantially outweigh the manageable near-term cost pressures and industry noise, supporting confidence in the company’s long-term outlook.Company Guidance
Robust Revenue Growth
Revenue grew 31.3% year-over-year to $365.4 million in Q2 2026, driven by expansion and comp strength.
Strong Same-Restaurant Sales and Traffic
Same-restaurant sales increased 9.0% with traffic up 5.3%, indicating sustained guest demand and visit frequency gains.
Impressive New-Unit Productivity and Expansion
Opened 17 net new restaurants in Q2 (476 total), a 19.6% year-over-year restaurant count increase; Q2 new-restaurant productivity was above 100% and system-wide average unit volume is $3.1 million.
Adjusted EBITDA and Profitability Improvement
Adjusted EBITDA was $54.7 million, a 30% increase versus Q2 2025; net income rose to $23.0 million from $18.4 million, and diluted EPS improved to $0.19 from $0.16.
Restaurant-Level Profit Growth (Dollar Basis)
CAVA restaurant-level profit increased 28.1% to $93.8 million, representing 25.7% of revenue (vs. 26.3% prior-year percentage).
Very Strong Liquidity and Cash Flow
Zero debt outstanding, $435.6 million in cash and investments, access to a $150 million undrawn revolver, cash from operations $134.5 million YTD (vs. $98.9M prior year), and year-to-date free cash flow of $44.8 million (10th consecutive positive YTD cash flow quarter).
Menu Innovation and Loyalty Momentum
Nationwide launch of Pomegranate Glazed Salmon (performance in line with expectations), roasted garlic shrimp test concluded successfully, and loyalty platform growth with new in-app 'Flavor Passport' driving engagement.
Operational Investments to Drive Consistency
Rolled out initiatives like pre-marinated chicken (to simplify execution), KDS improvements driving better delivery performance, AGMs rolled out to ~70% of fleet with early improvements in team and guest satisfaction, and CAVA Core/Current data tools delivering productivity and forecasting benefits.
CAVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed