Earnings Snapshot
CAVA Group reported second-quarter revenue of $368.44 million. CAVA Revenue, which excludes revenue from licensed restaurants, rose 31.3% year over year to $365.43 million, topping the $360.53 million analyst estimate.
Diluted EPS came in at 19 cents, ahead of the 18-cent analyst estimate.
Revenue growth was driven by restaurant expansion and a 9% increase in same-restaurant sales, including 5.3% traffic growth.
The company opened 17 net new restaurants, ending the quarter with 476 locations across 29 states and Washington, D.C., up 19.6% year over year.
