NYSE$CAVA

CAVA Group Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

CAVA reported Q3 fiscal 2025 revenue of $292M with net income of $14.7M and diluted EPS of $0.12.

Revenue grew to $292.2 million with restaurant-level profit expansion as unit growth continued. Net income was $14.7 million with diluted EPS of $0.12 as the Mediterranean fast-casual chain scaled new openings and digital mix.

  • Q3 revenue $292M.
  • Net income $14.7M; diluted EPS $0.12.
  • Restaurant-level margins and new unit pipeline.
  • CAVA AUV and digital revenue mix improving.

Headline financials

Total Revenue

$292M

Previous: $244M+19.9%
EPS (adj)

$0.12

Previous: $0.15-20.0%
Net New CAVA Restaurant Openings

17

Previous: 11+54.5%
CAVA Restaurants

415

Previous: 352+17.9%
CAVA Restaurant-Level Profit Margin

24.6%

Previous: 25.6%-3.9%
Digital Revenue Mix

37.6%

No prior period
Average Unit Volume

$2.94M

Previous: $2.78M+5.4%
Same Restaurant Sales

1.9%

Previous: 18.1%-89.5%
Capital Expenditures

-$121M

Previous: -$80.4M-50.8%
Free Cash Flow

-$107M

Previous: -$62.4M-70.6%
Net Income

$14.7M

Previous: $18M-17.9%
Operating Income

$17.1M

Previous: $13.8M+24.4%
Gross Profit

-$258M

Previous: $62.6M-512.0%

Revenue & EPS history

CAVA · Revenue · Quarterly

$292M

Q3 2025+19.9%vs Q3 2024
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 filing discusses CAVA Group's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • CAVA Group cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

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 2025

Historical avgQ3 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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