CAVA Group Q4 revenue beats expectations

CAVA

24/02/2026 21:17

Overview

Mediterranean fast-casual chain's Q4 revenue rose 21.2%, beating analyst expectations

Same-restaurant sales increased by 0.5% in Q4

Company opened 24 new restaurants in Q4

Outlook

CAVA Group anticipates 74 to 76 net new restaurant openings in fiscal 2026

Company expects same restaurant sales growth of 3.0% to 5.0% in fiscal 2026

CAVA projects restaurant-level profit margin of 23.7% to 24.2% for fiscal 2026

Result Drivers

NEW RESTAURANT OPENINGS - Revenue growth driven by 87 net new restaurant openings exceeding performance expectations

SAME-RESTAURANT SALES - Same-restaurant sales rose 0.5%, with price and product mix increases offset by lower guest traffic

PROFIT MARGIN PRESSURE - Profit margin decreased due to higher delivery and technology costs, and increased food and wage expenses

Company press release: ID:nBw8T8lrVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$274.99 mln
$267.92 mln (20 Analysts)
Q4 EPS
$0.04
Q4 Net Income
$4.92 mln
Q4 Income from Operations
$2.81 mln
Q4 Pretax Profit
$6.08 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for CAVA Group Inc is $75.00, about 9.7% above its February 23 closing price of $68.35

The stock recently traded at 119 times the next 12-month earnings vs. a P/E of 84 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)