NYSE$CAVA
CAVA Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong third-quarter results with significant revenue growth and restaurant-level profit margin.
CAVA Group reported a strong third quarter with a 39.0% increase in revenue, driven by new restaurant openings and same restaurant sales growth of 18.1%. The company opened 11 net new restaurants, bringing the total to 352. Net income increased to $18.0 million, and the company raised its full-year 2024 guidance.
- CAVA revenue grew by 39.0% year-over-year, reaching $241.5 million.
- Net new CAVA restaurant openings totaled 11, increasing the total restaurant count to 352.
- CAVA same restaurant sales growth was 18.1%, driven by a 12.9% increase in guest traffic.
- CAVA restaurant-level profit margin was 25.6%.
Headline financials
Revenue & EPS history
CAVA · Revenue · Quarterly
$244M
Revenue by segment
CAVA · $434M total across 1 segment · Q1 2026
- CAVA Restaurants$434M—100.0%
Forward guidance
CAVA Group raised its fiscal full-year 2024 guidance, expecting net new restaurant openings between 56 and 58, same restaurant sales growth between 12.0% and 13.0%, and adjusted EBITDA between $121.0 million and $126.0 million.
Tailwinds
- Net New CAVA Restaurant Openings: 56 to 58
- CAVA Same Restaurant Sales Growth: 12.0% to 13.0%
- CAVA Restaurant-Level Profit Margin: 24.5% to 25.0%
- Pre-opening costs: $12.0 to $13.0 million
- Adjusted EBITDA: $121.0 to $126.0 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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro