CAVA Group, Inc.: Miss — EPS $0.11, Revenue $356.44M
Earnings MissQ3 2026 · After-market
Did CAVA Group, Inc. (CAVA) beat earnings today?
No, CAVA Group, Inc. (CAVA) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-8.33% surprise
$0.11Actual
Expected: $0.12
vs. year ago -15.4%
Total Revenue-0.56% surprise
$356.44MActual
Expected: $358.46M
vs. year ago +22.0%
Released Nov 04 · 4:10 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $356.44M | $292.24M | +22.0% |
| Revenue detail — reported lines | |||
| └─CAVA Revenue | $353.72M | $289.79M | +22.1% |
| Net Income | $13.20M | $14.75M | -10.5% |
| Basic EPS | $0.11 | $0.13 | -15.4% |
| Diluted EPS | $0.11 | $0.12 | -8.3% |
Financial Outlook / Guidance
| Metric | FY26 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Net New CAVA Restaurant Openings | 76 to 78 (prev. 75 to 77 | — |
| Same Restaurant Sales | 6.0% to 7.0% (prev. 4.5% to 6.5% | $1.5B |
| CAVA Restaurant-Level Profit Margin | 23.7% to 24.0% (prev. 23.7% to 24.3% | — |
| Pre-opening costs | $28.5M to $29.5M (prev. $22.0M to $22.5M | — |
| Adjusted EBITDA | $184.0M to $189.0M (prev. $181.0M to $191.0M | — |
FY26 Outlook
- Net New CAVA Restaurant Openings
- Guidance76 to 78(prev. 75 to 77Expected—
- Same Restaurant Sales
- Guidance6.0% to 7.0%(prev. 4.5% to 6.5%Expected$1.5B
- CAVA Restaurant-Level Profit Margin
- Guidance23.7% to 24.0%(prev. 23.7% to 24.3%Expected—
- Pre-opening costs
- Guidance$28.5M to $29.5M(prev. $22.0M to $22.5MExpected—
- Adjusted EBITDA
- Guidance$184.0M to $189.0M(prev. $181.0M to $191.0MExpected—
Business Highlights
- ➤Opened 24 net new CAVA restaurants during the quarter.
- ➤Reached the 500th restaurant ahead of schedule.
- ➤Operated across 31 states and Washington, D.C..
- ➤Offers chef-curated and build-your-own bowls and pitas.
- ➤Menu includes proteins, vegetables, signature dips, and house-made beverages.
- ➤Provides career opportunities for more than 15,000 team members.
- ➤Continues investing in its people and communities.
Management Commentary
Brett Schulman, Co-Founder and CEO
“In the third quarter, despite broader industry pressures, we continued to gain market share, expand our footprint, and see strong performance from our new restaurants. Same Restaurant Sales grew 3.1%, CAVA Revenue increased 22.1%, and we opened our 500th restaurant ahead of schedule. As we look ahead, we will continue investing in our teams and our guests, strengthening the lasting relationships that support durable growth.”