NYSE$CAVA
CAVA Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
CAVA Group reported significant revenue growth, net income improvement, and strong restaurant performance in Q4 2024.
CAVA Group reported a strong fiscal fourth quarter with revenue growth of 28.3% to $225.1 million and adjusted net income of $6.5 million. The company experienced same-restaurant sales growth of 21.2% and added 15 new locations. Operating income was $3.95 million, driven by a restaurant-level profit margin of 22.4%.
- Revenue increased 28.3% to $225.1 million.
- Net income was $78.6 million, including a tax benefit.
- Adjusted net income was $6.5 million, compared to $2.0 million in Q4 FY23.
- Restaurant-level profit margin was 22.4%.
Headline financials
Revenue & EPS history
CAVA · Revenue · Quarterly
$227M
Revenue by segment
CAVA · $434M total across 1 segment · Q1 2026
- CAVA Restaurants$434M—100.0%
Forward guidance
CAVA Group anticipates continued growth in fiscal 2025 with plans for additional restaurant openings and same-restaurant sales growth.
Tailwinds
- Anticipated net new restaurant openings between 62 to 66.
- Same-restaurant sales growth projected at 6.0% to 8.0%.
- Restaurant-level profit margin expected to range from 24.8% to 25.2%.
- Pre-opening costs estimated at $14.0 to $15.0 million.
- Adjusted EBITDA projected between $150.0 to $157.0 million.
Headwinds
- Potential pressure from increased food costs.
- Incremental wage investments expected.
- Higher depreciation and amortization costs.
- Continued impact from competitive pressures.
- Uncertainty in broader economic conditions.
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 Q4 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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