CAVA's shares rallied 12.8% following a quarter that demonstrated solid top-line growth and margin expansion, driven by strong same-restaurant sales and successful new product launches that outpaced market expectations.
- Revenue increased 31.3% year-over-year, fueled by a 9% same-restaurant sales increase and 5.3% traffic growth.
- Opened 17 net new restaurants, ending the quarter with 476 locations spanning 29 states and DC.
- Adjusted EBITDA rose 30% to $54.7 million, reflecting operational leverage and expanding margins.
- Net income reached $23 million, with year-to-date free cash flow at $44.8 million, supporting financial flexibility.
- Introduced new menu innovations including the nationwide launch of Pomegranate Glazed Salmon and ongoing tests of roasted garlic shrimp, enhancing the brand’s culinary breadth.
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