finance.yahoo.com

CAVA Q2 Revenue Rises 31.3% as Same-Store Sales Climb 9%

CAVA Group logoCAVA Group
Sig2.30Sen+4.60Env0.00Soc+0.70Gov0.00

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.

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