NYSE$CAVA

CAVA Group Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

CAVA Group Inc reported robust revenue growth and expanded its restaurant footprint in Q1 2026.

CAVA Group Inc achieved revenue of $438.3 million for the sixteen weeks ended April 19, 2026, reflecting a 32% increase year-over-year driven by new restaurant openings and same-restaurant sales growth of 9.7%. Net income was $23.6 million with operating income of $25.3 million. The company opened a net of 20 new CAVA restaurants, bringing the total to 459 locations.

  • Revenue grew 32% to $438.3 million, fueled by 92 net new restaurants and 9.7% same-restaurant sales growth.
  • CAVA restaurant-level profit margin held steady at 25.1% despite higher operating expenses.
  • Digital revenue mix improved to 39.9% of CAVA revenue.
  • Net income reached $23.6 million with AUV increasing to $3,027.

Headline financials

Total Revenue

$438M

Previous: $332M+32.1%
EPS (adj)

$0.20

Previous: $0.22-9.1%
Net New CAVA Restaurant Openings

20

No prior period
CAVA Restaurants

459

No prior period
CAVA Restaurant-Level Profit Margin

25.1%

No prior period
Digital Revenue Mix

39.9%

No prior period
Average Unit Volume

$3.03M

No prior period
Same Restaurant Sales

9.7%

No prior period
Capital Expenditures

-$48.6M

Previous: -$35.9M-35.4%
Free Cash Flow

$15.5M

Previous: $2.7M+473.1%
Net Income

$23.6M

Previous: $25.7M-8.3%
Operating Income

$25.3M

Previous: $15.7M+60.8%
Gross Profit

-$385M

No prior period
Cash & Equivalents

$296M

No prior period
Total Assets

$1.42B

No prior period

Revenue & EPS history

CAVA · Revenue · Quarterly

$438M

Q1 2026+32.1%vs Q1 2025
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

CAVA · $434M total across 1 segment · Q1 2026

  • CAVA Restaurants
    $434M

Forward guidance

The company continues to focus on new restaurant expansion and operational efficiency.

Tailwinds

  • Strong same-restaurant sales growth of 9.7%.
  • Expansion to 459 restaurants with 20 net new openings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.0%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

41%

7 / 17 earnings

Positive

+26.4%

Q4 2025

Best reaction

-16.7%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%
Q4 2025+26.4%+15.8%+11.2%
Q3 2025-2.3%-3.9%+3.2%
Q2 2025-16.7%-17.4%-24.7%
Q1 2025-2.6%-15.5%-24.7%
Q4 2024-0.3%-11.7%-13.5%
Q3 2024-0.3%-4.3%-15.2%
Q2 2024+18.6%+14.8%+25.2%
Q1 2023+13.0%+6.8%+12.6%
Q1 2024+6.3%+11.6%+10.4%
Q4 2021+12.7%+15.4%+38.7%
Q4 2023+11.1%+14.3%+35.6%
Q3 2022-6.4%-6.9%-4.3%
Q3 2023-9.0%-9.1%-2.5%
Q4 2022-8.7%-10.1%-23.6%
Q2 2022-8.7%-10.1%-23.6%
Q2 2023-1.9%-9.9%-24.6%
Q1 2022

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