CAVA posts Q2 beat, keeps 2026 outlook

CAVA Group (CAVA) delivered adjusted earnings per share of $0.19 for its latest reported quarter, slightly ahead of the $0.18 consensus estimate. The earnings beat came as the company continued to grow both sales and traffic across its restaurant base. While individual revenue figures differ across reports, they consistently place quarterly revenue in the mid-$360 million range, indicating solid top-line expansion during the period.

The quarter’s performance reflects the company’s ability to convert higher guest counts and sales per restaurant into improved profitability. Even with only a modest outperformance versus expectations on EPS, the results underscore continued operating leverage as the business scales.

For the quarter ended July 12, CAVA’s same-restaurant sales increased 9.0%, demonstrating strong demand relative to the prior-year period. This growth was supported by a 5.3% rise in guest traffic, indicating that more customers visited CAVA locations rather than growth being driven solely by pricing. The combination of higher traffic and same-restaurant sales points to continued relevance of the brand with consumers.

The company also continued to benefit from its ongoing expansion strategy, with net new restaurant openings and a growing digital sales mix contributing to overall revenue gains. Digital channels remain an important component of the business, helping to support throughput and convenience for customers while complementing in-restaurant traffic.

Management reiterated its fiscal 2026 guidance, signaling confidence in the company’s long-term growth trajectory. The outlook calls for same-restaurant sales growth in the range of 4.5% to 6.5%, suggesting expectations for continued, though more moderate, comparable-sales expansion over time. CAVA also maintained its adjusted EBITDA guidance for 2026 at $181 million to $191 million.

Reaffirming these targets after a quarter of strong same-restaurant sales and traffic growth indicates that the company sees its current performance as consistent with its multiyear plans. The alignment between near-term results and longer-term goals provides investors and other stakeholders with a clearer view of management’s expectations for scaling the business and enhancing profitability.