Cava Group, Inc.

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

CAVA Group, Inc. reports robust Q2 earnings amidst growth initiatives

CAVA Group, Inc. demonstrated strong financial performance in Q2 2023, emphasizing sustainable growth and brand resilience. The company's focus on scaling the business, enhancing digital capabilities, and maintaining profitability positions it for future success. While macroeconomic uncertainties pose challenges, CAVA remains optimistic about its growth trajectory.

CAVA Group reports robust Q3 earnings, eyes growth opportunities

CAVA Group, Inc. demonstrated stellar performance in Q3, emphasizing revenue growth, profitability, and strategic focus on brand development. While facing challenges in labor costs and inflation, the company is well-positioned to capitalize on growth opportunities through expansion and operational enhancements.

CAVA Group, Inc. reports record year in 2023, poised for continued growth and operational excellence in 2024

CAVA Group, Inc. reported strong financial performance in Q4 2023 and full year 2023, positioning the company for continued growth and success in 2024.
Despite challenges such as food cost inflation and labor investments, CAVA's strategic strengths, innovative initiatives, and growth opportunities signal a positive outlook for the company.
With a focus on operational excellence, guest relationships, and financial stability, CAVA is well-equipped to navigate challenges and capitalize on opportunities in the competitive restaurant industry.
The company's record year in 2023, with significant net new restaurant openings and strong unit economics, reflects CAVA's commitment to growth, innovation, and delivering value to shareholders.

CAVA Group reports robust Q1 performance and eyes growth opportunities

CAVA Group, Inc. delivered strong Q1 results with revenue growth, net income, and free cash flow, supported by strategic initiatives and operational excellence.
The company's focus on innovation, community expansion, and customer relationships underpins its growth prospects and market differentiation.
While facing challenges related to cost management and operational adjustments, CAVA remains optimistic about its growth trajectory and opportunities for expansion.
By leveraging its strengths, addressing challenges, and seizing market opportunities, CAVA is positioned to sustain its momentum, drive profitability, and enhance shareholder value.

CAVA Group, Inc. reports stellar Q2 results and eyes strategic growth

CAVA Group, Inc.'s Q2 2024 performance reflects robust financial and operational achievements, driven by strong revenue growth and operational efficiency.
The company's strategic initiatives, strong balance sheet, and focus on innovation position it well for future success and sustained growth in a competitive market.
While facing challenges in a dynamic industry landscape, CAVA has opportunities to expand into new markets, enhance customer engagement, and drive long-term value creation.
Overall, CAVA's Q2 2024 earnings call highlights its resilience, strategic vision, and potential for continued success in the restaurant industry.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cava Group, Inc. is a holding company, which engages in the operation of restaurants. It operates through the following segments: CAVA, Zoes Kitchen, and Other. The CAVA segment represents the financial results of all CAVA restaurants. The Zoes Kitchen segment focuses on the financial results of all Zoes Kitchen locations. The company was founded by Brett Schulman, Ike Grigoropoulus, Dimitri Moshovitis, and Theodore Xenohristos in 2010 and is headquartered in Washington, DC.

Cava Group (CAVA) shares surged in intraday trading Friday, a day after the company raised its 2024 guidance and said its new grilled steak is "significantly outperforming" expectations.

Cava Stock Sizzles as New Grilled Steak Tops Expectations

Cava reported impressive growth on the top and bottom lines in its second quarter. The company continues to expand its store base rapidly.

Why Cava Group Stock Popped Today

Mediterranean fast-casual restaurant company Cava Group CAVA has more upside with the stock at all-time highs thanks to revenue and unit growth, an analyst says after second-quarter financial results.

Cava Group Stock Hits All-Time Highs Post Q2 Earnings: Analyst Says 'Premium Is Justifiable'

Cava Stock Up 132% Since IPO — Why Shares Could Keep Rising

CAVA Group, Inc. CAVA reported better-than-expected second-quarter financial results on Thursday.

These Analysts Increase Their Forecasts On Cava Group After Strong Earnings

The success of Cava Group Inc.'s new grilled-steak offering has prompted analysts to raise their price targets for the fast-casual Mediterranean restaurant chain.

Analysts cheer Cava after a successful rollout of grilled-steak option

CAVA Group impresses investors with beats on top and bottom, raising valuation. Stock priced at approximately 150x forward free cash flow, valuation questioned. CAVA's near-term prospects look promising, driven by revenue growth and expansion efforts.

CAVA Group Q2 Earnings: Shorts Lost, The Show Must Go On

Chipotle

CAVA Group's Q2 results exceeded expectations, with strong same restaurant sales growth and increased guidance for the year. The company's disciplined cost management and robust earnings growth contributed to improved margins and profitability. Valuation premiums for CAVA remain elevated compared to peers, suggesting potential downside, but strong operating leverage offers investment opportunities.

CAVA Q2 Recap: The Mediterranean Chipotle At Runaway Premiums

Cava Group (NYSE: CAVA ) just reported results for the second quarter of 2024. Cava Group reported earnings per share of 17 cents.

CAVA Stock Earnings: Cava Group Beats EPS, Beats Revenue for Q2 2024

CAVA Group, Inc. (NYSE:CAVA ) Q2 2024 Earnings Conference Call August 22, 2024 5:00 PM ET Company Participants Matt Milanovich - Investor Relations Brett Schulman - Co-Founder and Chief Executive Officer Tricia Tolivar - Chief Financial Officer Conference Call Participants David Tarantino - Baird Brian Harbour - Morgan Stanley Andrew Charles - TD Cowen Chris O'Cull - Stifel Andy Barish - Jefferies Sharon Zackfia - William Blair Brian Mullan - Piper Sandler Jon Tower - Citi Rahul Krotthapalli - JPMorgan Jeffrey Bernstein - Barclays Brian Vaccaro - Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to the CAVA Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.

CAVA Group, Inc. (CAVA) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Cava (CAVA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cava (CAVA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Intuit

Ross Stores

Fed Chair Jerome Powell will deliver his annual address at the Economic Symposium from Jackson Hole, WY.

Markets Take a Breather Ahead of Jackson Hole Address

Cava Group (CAVA) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.21 per share a year ago.

Cava Group (CAVA) Q2 Earnings and Revenues Top Estimates

Shares of Cava Group Inc. rose more than 6% in the extended session Thursday after the fast-casual Mediterranean restaurant chain posted quarterly earnings that more than doubled, saying that its new grilled steak main dish ‘significantly” outperformed expectations.

Cava's successful steak launch beefs up restaurant chain's earnings

CAVA stock will open at a new record high Friday after the Mediterranean fast-casual chain reported Q2 results late Thursday.

Cava Stock Spikes To Record High On Earnings Beat, Lifted Outlook

Cava beat Wall Street's estimates for its quarterly earnings and revenue. The Mediterranean restaurant chain said its fiscal second-quarter traffic climbed 9.5%, bucking industry trends.

Cava earnings beat estimates as restaurant traffic climbs nearly 10%

WASHINGTON--(BUSINESS WIRE)--CAVA Group, Inc. (NYSE: CAVA) (“CAVA Group” or the “Company”), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced financial results for its fiscal second quarter ended July 14, 2024. "Our results in the second quarter continued to demonstrate the strength of our category-defining brand and our unique and compelling value proposition,” said Brett Schulman, Co-Founder and CEO. “During the q.

CAVA Group Reports Second Quarter 2024 Results

Cava, the Mediterranean fast-casual chain, is poised to make waves with its upcoming Q2 earnings report.  Investors are eagerly anticipating the results, as the company's stock has recently soared to a new all-time high of $102.39.

Cava expects 27% Q2 sales jump as shares hit new high: What it means for investors

As of Aug 22, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 2 Consumer Stocks That Could Sink Your Portfolio In August

CAVA is a customer favorite in the fast-casual dining sector, showing bullish trends in stock performance, growing locations, and same-store revenue. Recent earnings report indicates a 30.3% increase in revenue, 14 new restaurant openings, and increased fiscal guidance for 2024. CAVA has much room to grow across the U.S., with a great potential for an increased number of locations and a larger consumer base.

The Hype Is Justified: Digging Into The CAVA Craze

CAVA Group (NYSE: CAVA) stock has done well this year, making it one of the best-performing restaurant companies in Wall Street. It has jumped by over 128% this year, beating the Invesco Food & Beverage ETF (PBJ), which is barely moved.

CAVA Group stock: priced for perfection ahead of earnings

CAVA Group's (CAVA) second-quarter 2024 top line is likely to have been aided by an increase in visitation and menu price.

CAVA Group (CAVA) to Post Q2 Earnings: Buy, Sell or Wait?

Advanced Micro Devices

Palantir Technologies

One of the most common fundamental metrics that investors use to analyze stocks is the price-to-earnings (P/E) ratio. This ratio tells you how much you're paying for $1 of a company's profits.

3 High P/E Stocks That Are Still Worth Buying Right Now

Cava has done very well since we recommended the stock at $31 per share. Will the company's stock continue to rally? Today, we're diving into the nitty gritty details that analysts will be looking at going into the Q2 report. We think Cava is well positioned to move higher, and if shares dip (unless its from something completely unexpected), then we see any selloff as highly buy-able.

Cava Is Set Up For Success Going Into Q2 (Earnings Preview)

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

News for Cava Group, Inc. Stock (CAVA)