Cava up after raising annual forecast

CAVA

19/05/2026 21:28

** Shares of Mediterranean restaurant chain Cava Group CAVA.N up ~8% at $84.27 after the bell

** CAVA raises annual sales and core profit forecasts, betting on resilient demand for healthy and affordable Mediterranean cuisine

** Lifts higher end of annual profit margin forecast as it plans to absorb higher costs tied to geopolitical tensions and oil prices in the second-half rather than passing them on to customers

** Beats Q1 same-restaurant sales and adjusted EBITDA estimates, according to data compiled by LSEG

** Stock up 33% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))