NYSE$CAVA
CAVA Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
CAVA's Q2 2024 performance demonstrated the strength of its brand with revenue growth, same restaurant sales growth, and strategic restaurant openings.
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's revenue increased by 35.2% year-over-year, reaching $231.4 million.
- The company expanded its footprint with 18 net new restaurant openings, totaling 341 restaurants.
- Same restaurant sales grew by 14.4%, including a 9.5% increase in traffic.
- Net income rose to $19.7 million, compared to $6.5 million in the prior year quarter.
Headline financials
Revenue & EPS history
CAVA · Revenue · Quarterly
$233M
Revenue by segment
CAVA · $434M total across 1 segment · Q1 2026
- CAVA Restaurants$434M—100.0%
Forward guidance
CAVA Group raised fiscal full-year 2024 guidance.
Tailwinds
- Net New CAVA Restaurant Openings: 54 to 57
- CAVA Same Restaurant Sales Growth: 8.5% to 9.5%
- CAVA Restaurant-Level Profit Margin: 24.2% to 24.7%
- Pre-opening costs: $12.0 to $13.0 million
- Adjusted EBITDA: $109.0 to $114.0 million
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 Q2 2024
+2.0%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.4%
Avg return
30 days after
41%
7 / 17 earnings
Positive
+26.4%
Q4 2025
Best reaction
-16.7%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | +2.9% | +13.9% | |
| 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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