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

Earnings data Q4 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.

CAVA Group reports stellar Q3 results, eyes expansion and innovation

CAVA Group, Inc.'s Q3 2024 performance reflects robust growth across key financial metrics and strategic initiatives.
While facing challenges in operational execution and maintaining growth momentum, the company's strengths in brand, financial position, and innovation position it well for future success.
Opportunities lie in continued expansion, market entries, and leveraging culinary innovations to drive customer engagement and revenue growth.

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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.

Mediterranean fast-casual restaurant operator CAVA Group Inc. NYSE: CAVA shocked Wall Street with its stunning second-quarter 2024 earnings release. While the company beat consensus estimates by 4 cents, the real standout metric is the 14.4% YoY comparable sales growth (comps).

CAVA Stock Surges on Q2 Beat: Is It the Next Chipotle?

Cava saw its same-restaurant sales surge in its fiscal Q2. The company has a huge expansion opportunity in front of it.

Cava Stock Continues to Shine. Is It Too Late to Buy It?

CAVA Group's Q2'24 earnings beat expectations, raising FY24 guidance, driven by strong same-restaurant sales growth and minimal price increases. The company plans to expand significantly, adding 22-25 new locations in 2H24 and growing by 15% in eFY25. CAVA brings a unique appeal to Gen Z and younger millennials with healthy, fresh, and customizable food options.

CAVA Group's Growth Is Priced In

CEO Brent Schulman and several key executives and directors disclosed share sales after Cava stock spiked to record highs.

Cava Stock Tumbles Late As CEO, Key Insiders Sell Shares After Earnings Spike

The economy has given investors plenty of reasons to stay away from consumer discretionary stocks lately, from inflation-choked consumers driving credit card delinquency rates higher to the postponement of interest rate cuts coming from the Federal Reserve (the Fed). However, a few worthy mentions in the space demonstrate strength through any cycle.

CAVA Stock Rallies as Earnings Confirm It's a Top Growth Play

The remarkable rally in Cava Group's (CAVA) stock continued after the company was able to exceed Q2 top and bottom line expectations Thursday evening.

Time to Buy the Post Earnings Rally in Cava Group's (CAVA) Stock?

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Workday

Fed Chair Powell's Jackson Hole speech struck a dovish tone which sent stocks soaring Friday.

Stock Market Today: Stocks Pop After Powell's Jackson Hole Speech

Profit cushion, position size and a powerful rally start made this stock a hold through earnings.

Why We Held Cava Stock Through Earnings

Shares of burgeoning restaurant chain Cava surged Friday to a fresh all-time high, as the Mediterranean fast casual food company extended its remarkable hot streak since its June 2023 initial public offering.

Cava Stock Roars 20%—Mediterranean Lunch Chain Up Almost 500% Since 2023 IPO

CAVA Group, Inc. stock is surging with strong momentum and growth potential. Dazzling comparable sales and margin expansion. Earnings beat and raise with increased guidance for new store openings and comps are burning shorts.

CAVA Group: A Monster Stock

CAVA Group shares jumped over 16% Friday after the restaurant group showcased growth potential following its strong second-quarter performance. Same-store sales beat expectations by 700 basis points and adjusted EBITDA reaching $34.3 million, well above the consensus estimate of $29.2 million.

CAVA Group shares surge after strong Q2 performance leaves analysts bullish

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

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

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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.

News for Cava Group, Inc. Stock (CAVA)