CAVA Q2 Revenue Rises 31.3% as Same-Store Sales Climb 9%
CAVA reported second-quarter revenue of $365.4 million, up 31.3%, with same-restaurant sales rising 9% on 5.3% traffic growth. The chain opened 17 net new restaurants, ending the quarter with 476 locations. Adjusted EBITDA increased to $54.7 million and net income reached $23 million, while labor costs rose slightly after a wage investment. New restaurant productivity stayed above model assumptions.