Cava (CAVA)
Market Price (6/7/2026): $72.6 | Market Cap: $8.4 BilSector: Consumer Discretionary | Industry: Restaurants
Cava (CAVA)
Market Price (6/7/2026): $72.6Market Cap: $8.4 BilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16% Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Organic & Natural Products, Show more. | Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -11% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Expensive valuation multiplesP/SPrice/Sales ratio is 6.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 92x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 137x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.7% Key risksCAVA key risks include [1] reduced spending from its key Gen Z demographic due to its premium pricing and [2] potential market saturation resulting from its own ambitious expansion plans. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Organic & Natural Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -11% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 6.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 92x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 137x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.7% |
| Key risksCAVA key risks include [1] reduced spending from its key Gen Z demographic due to its premium pricing and [2] potential market saturation resulting from its own ambitious expansion plans. |
Qualitative Assessment
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Cava (CAVA) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Mixed Q1 2026 Earnings Reception and Future Margin Concerns. While Cava Group (CAVA) reported strong first-quarter 2026 financial results, beating analyst expectations for both revenue and earnings per share, the stock experienced a slight decline of approximately 1.05% after the earnings announcement. The company reported revenue of $434.4 million, a 32.2% increase year-over-year, surpassing the consensus estimate of $418.5 million. Diluted earnings per share (EPS) of $0.20 also exceeded analyst expectations of $0.17. Furthermore, same-restaurant sales grew by 9.7%, driven by a 6.8% increase in guest traffic, and the full-year outlook for net new restaurants, same-restaurant sales, and adjusted EBITDA was raised. However, management also indicated anticipated increases in food, beverage, and packaging costs due to the introduction of pomegranate-glazed salmon, which could impact margins for the rest of the year. Rising energy costs were also expected to affect restaurant-level margins by 20 to 40 basis points, and pre-opening costs increased to $6.2 million from $4.5 million in the prior year quarter due to more units under construction. These forward-looking cost pressures, despite strong current performance, may have tempered investor enthusiasm.
2. Broader Macroeconomic Headwinds and Weak Consumer Sentiment. The period was characterized by a challenging macroeconomic environment for the broader restaurant industry, which likely contributed to investor caution towards Cava, even with its strong individual performance. The US restaurant industry faced persistent inflation and consumers pressured by rising prices. Industry-wide traffic was generally down, with overall sales growth largely driven by increased average check sizes rather than higher customer volumes. Consumer sentiment hit a record low in May 2026, with the University of Michigan's Index of Consumer Sentiment dropping to 48.2, primarily due to rising gasoline and grocery prices and geopolitical uncertainties. Although Cava demonstrated robust guest traffic growth of 6.8% in Q1 2026, outperforming many peers, the overarching concerns about consumer discretionary spending and economic instability in the wider market likely created a cautious investment climate, potentially leading to a re-evaluation of high-growth valuations.
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Stock Movement Drivers
Fundamental Drivers
The -12.0% change in CAVA stock from 2/28/2026 to 6/6/2026 was primarily driven by a -11.4% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.47 | 72.60 | -12.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,180 | 1,286 | 9.0% |
| Net Income Margin (%) | 5.4% | 4.8% | -11.4% |
| P/E Multiple | 150.1 | 137.1 | -8.7% |
| Shares Outstanding (Mil) | 116 | 116 | -0.3% |
| Cumulative Contribution | -12.0% |
Market Drivers
2/28/2026 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CAVA | -12.0% | |
| Market (SPY) | 7.8% | 39.7% |
| Sector (XLY) | -1.5% | 48.1% |
Fundamental Drivers
The 48.5% change in CAVA stock from 11/30/2025 to 6/6/2026 was primarily driven by a 232.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.89 | 72.60 | 48.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,132 | 1,286 | 13.6% |
| Net Income Margin (%) | 12.1% | 4.8% | -60.5% |
| P/E Multiple | 41.2 | 137.1 | 232.4% |
| Shares Outstanding (Mil) | 116 | 116 | -0.3% |
| Cumulative Contribution | 48.5% |
Market Drivers
11/30/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CAVA | 48.5% | |
| Market (SPY) | 8.5% | 35.7% |
| Sector (XLY) | -2.5% | 32.5% |
Fundamental Drivers
The -10.7% change in CAVA stock from 5/31/2025 to 6/6/2026 was primarily driven by a -65.0% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 81.27 | 72.60 | -10.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,037 | 1,286 | 24.1% |
| Net Income Margin (%) | 13.7% | 4.8% | -65.0% |
| P/E Multiple | 66.1 | 137.1 | 107.4% |
| Shares Outstanding (Mil) | 116 | 116 | -0.7% |
| Cumulative Contribution | -10.7% |
Market Drivers
5/31/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CAVA | -10.7% | |
| Market (SPY) | 26.6% | 35.2% |
| Sector (XLY) | 8.3% | 31.4% |
Fundamental Drivers
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Market Drivers
5/31/2023 to 6/6/2026| Return | Correlation | |
|---|---|---|
| CAVA | ||
| Market (SPY) | 83.4% | 45.4% |
| Sector (XLY) | 55.3% | 41.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CAVA Return | - | - | -2% | 162% | -48% | 22% | 64% |
| Peers Return | 4% | -39% | 44% | 44% | -30% | 9% | 1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| CAVA Win Rate | - | - | 57% | 83% | 42% | 50% | |
| Peers Win Rate | 40% | 33% | 57% | 53% | 37% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| CAVA Max Drawdown | - | - | - | -26% | -69% | -27% | |
| Peers Max Drawdown | -32% | -55% | -39% | -41% | -58% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CMG, SG, SHAK, WING, NDLS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | CAVA | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.2% | -9.5% |
| % Gain to Breakeven | 72.9% | 10.5% |
| Time to Breakeven | 128 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.1% | -6.7% |
| % Gain to Breakeven | 15.1% | 7.1% |
| Time to Breakeven | 5 days | 31 days |
In The Past
Cava's stock fell -8.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.5% gain to breakeven.
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| Event | CAVA | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.2% | -9.5% |
| % Gain to Breakeven | 72.9% | 10.5% |
| Time to Breakeven | 128 days | 24 days |
In The Past
Cava's stock fell -8.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Cava (CAVA)
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The Chipotle of Mediterranean food.
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- Prepared Mediterranean Food and Beverages: Cava operates fast-casual restaurants offering a menu of healthful and flavorful Mediterranean-inspired meals and drinks.
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```htmlCava (CAVA) primarily sells its products and services directly to individual consumers.
The company describes its customers as "guests" who span "gender lines, age groups, and income levels," benefiting from "generational tailwinds created by consumer demand for healthy living and a demographic shift towards greater ethnic diversity."
Based on the provided information, the up to three categories of customers Cava serves are:
- Health-conscious and Flavor-seeking Individuals: Consumers who desire nutritious food options without compromising on bold, satisfying flavors, aligning with Cava's mission to offer "healthful food and bold, satisfying flavors" that meet "the modern consumer’s desires for flavorful, craveable, and nutritious food without compromise."
- Convenience-oriented Consumers: Individuals looking for quick, accessible, and high-quality meal solutions from a "fast-casual restaurant brand," catering to those who appreciate convenience in their dining choices.
- Demographically Diverse and Purpose-driven Consumers: Shoppers who align with brands that are authentic, purpose-driven, and embrace diversity, as Cava aims to meet "consumers’ desire to engage with convenient, authentic, purpose-driven brands" and benefits from "a demographic shift towards greater ethnic diversity."
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Brett Schulman, Co-Founder & Chief Executive Officer
Brett Schulman co-founded CAVA in 2010 and serves as the company's Chief Executive Officer. He led the work to take CAVA public in 2023 and helped build the company's consumer packaged goods business, developing CAVA's fast-casual Mediterranean concept. Prior to CAVA, he was a Partner and Chief Operating Officer at Snikiddy Snacks from 2006 to 2010, a nationally distributed snack food company that was acquired by Utz Quality Foods. He also held financial leadership positions with FBR Securities and Deutsche Bank Alex. Brown.
Tricia Tolivar, Chief Financial Officer
Tricia Tolivar joined CAVA as Chief Financial Officer in 2020. She previously spent five years as Chief Financial Officer for GNC. From 2007 to 2015, she held numerous financial leadership positions with Ernst & Young, where she led finance, accounting, and operations for a $3 billion client service organization. Her experience also includes serving as Chief Financial Officer of the Greater Memphis Arts Council from 2006 to 2008 and holding various supply chain and finance executive leadership roles at AutoZone from 1996 to 2005. Tolivar has led a successful IPO with CAVA and has been significantly involved in executing multiple acquisitions and divestiture activities throughout her career.
Ted Xenohristos, Co-Founder & Chief Concept Officer
Ted Xenohristos co-founded CAVA, creating the company's unique, category-defining Mediterranean concept. He and two childhood friends launched the first full-service Cava Mezze restaurant in Rockville, Maryland, in 2006.
Robert Bertram, Chief Legal Officer & Secretary
Robert Bertram joined CAVA as Chief Legal Officer & Secretary in 2021. Before joining CAVA, he spent seven years as General Counsel & Assistant Secretary for Ollie's Bargain Outlet Holdings. He also practiced law at McNees Wallace & Nurick LLC and Stevens & Lee.
Kelly Costanza, Chief People Officer
Kelly Costanza joined CAVA as Chief People Officer in 2020. Prior to CAVA, she spent five years as Senior Vice President, Human Resources at Ollie's Bargain Outlet Holdings. Her experience also includes roles as Vice President, Talent Management at rue21 and EDMC, and Vice President, Human Resources at American Eagle Outfitters.
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Key Business Risks for Cava (CAVA)
The following are key risks to Cava's business:
1. Intense Competition: Cava operates in a highly competitive fast-casual dining industry, facing rivals from both direct Mediterranean food competitors and a wide array of larger fast-casual and quick-service restaurant chains. This intense competition impacts Cava's ability to maintain market share, secure prime real estate for new locations, and attract and retain customers amidst numerous dining options. The risk of new or existing competitors mimicking Cava's business model and menu offerings also poses a significant threat to its competitive edge.
2. Macroeconomic Factors and Cost Pressures: Cava is significantly exposed to macroeconomic factors, including inflation, rising labor costs, and supply chain disruptions. These factors can lead to increased costs for food commodities, ingredients, and labor, impacting the company's operating expenses and overall profitability. Additionally, a fluid macroeconomic environment can lead to reduced consumer discretionary spending and softening traffic, which directly affects sales growth and investor sentiment.
3. Challenges in Managing Rapid Growth and Maintaining Operational Consistency: Cava has ambitious expansion plans, aiming to significantly increase its restaurant count in the coming years. However, this rapid growth strategy presents challenges in maintaining consistent food quality, customer experience, and operational efficiency across a growing number of locations. The company also faces risks in successfully identifying appropriate new locations, ensuring the profitability of new restaurants, and meeting high investor expectations for growth rates and margin expansion, any shortfall of which could lead to stock price volatility. Furthermore, moderating same-store sales growth could hinder future expansion plans and impact investor confidence.
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Cava (symbol: CAVA) operates within several addressable markets in the United States, primarily the fast-casual restaurant market, the broader limited-service restaurant sector, and the health and wellness food category.
U.S. Fast-Casual Restaurant Market
The U.S. fast-casual restaurant market was valued at approximately USD 45.58 billion in 2024. This market is projected to grow to USD 84.76 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 6.40% during this period. Another estimate projects the market to reach USD 84.1 billion in total annual sales by the end of 2025. Looking further ahead, the market is anticipated to reach USD 121.3 billion by 2032.
U.S. Limited-Service Restaurant Market
The broader U.S. limited-service restaurant market, which includes fast-casual establishments, was estimated at USD 823.96 billion in 2024. This market is forecasted to expand to USD 1,435.98 billion by 2034, with a CAGR of approximately 5.7%.
U.S. Health and Wellness Food Market
The U.S. Health & Wellness Food Market was valued at USD 249.49 billion in 2024. It is projected to experience substantial growth at a CAGR of 12.39% from 2024 to 2032, reaching an estimated value of USD 517.95 billion by 2032. Another estimate indicates the health and wellness food market in the U.S. was approximately USD 296.5 billion in 2025.
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Cava (CAVA) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
-
New Restaurant Openings: Cava plans significant expansion of its physical footprint. The company aims to open between 74 and 76 net new restaurants in 2026 and has a long-term target of 1,000 restaurants by 2032.
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Same-Restaurant Sales Growth: Cava anticipates continued growth in sales from existing restaurants. The company expects same-restaurant sales growth of 3% to 5% for full-year 2026. This growth is influenced by factors such as menu price adjustments, product mix, and guest traffic.
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Menu Innovation and New Product Launches: The introduction of new menu items is a driver of increased customer interest and sales. For example, Cava launched its first-ever seafood offering, Pomegranate-glazed Salmon, by the end of Q1 2026, and has also offered items like chicken shawarma.
-
Digital Growth and Loyalty Program Enhancements: Cava is focusing on its multi-channel digital experience, which includes digital pick-up, drive-thru pick-up, delivery, and catering. Enhancements to the loyalty program, such as tiered status levels, are also designed to strengthen customer engagement and increase frequency, contributing to revenue.
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Geographic Market Penetration: Cava continues to expand its presence into new geographic markets, with plans to enter areas across the Midwest, including cities like Cincinnati and St. Louis. This broadens the company's customer base and market reach.
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```htmlCapital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Cava's share buybacks were $3.108 million in 2023.
- As of February 2026, the current share buybacks for CAVA stock are $0.00.
Share Issuance
- Cava completed its initial public offering (IPO) on June 15, 2023, pricing 14,444,444 shares at $22.00 per share and raising approximately $318 million.
- The proceeds from the IPO were intended for new restaurant openings and general corporate purposes.
- In February and March 2026, executives, including the CEO, CFO, COO, and Chief People Officer, received grants of Restricted Stock Units (RSUs) as equity compensation, which will vest over time.
Inbound Investments
- Cava has raised a total of $680 million over eight funding rounds, including a Series F round on April 28, 2021.
- The company's initial public offering in June 2023 raised approximately $318 million from public market investors.
Capital Expenditures
- Capital expenditures were $104 million in fiscal year 2022, $139 million in fiscal year 2023, and $159 million in fiscal year 2025.
- The primary focus of capital expenditures is on opening new restaurants, with Cava planning 74-76 net new restaurant openings for fiscal year 2026.
- Investments are also made in operations and technology, such as the implementation of kitchen display systems in many locations.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.84 |
| Mkt Cap | 3.0 |
| Rev LTM | 998 |
| Op Inc LTM | 87 |
| FCF LTM | 27 |
| FCF 3Y Avg | 20 |
| CFO LTM | 194 |
| CFO 3Y Avg | 157 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.3% |
| Rev Chg 3Y Avg | 13.9% |
| Rev Chg Q | 7.4% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 24.2% |
| Op Inc Chg 3Y Avg | 17.9% |
| Op Mgn LTM | 6.3% |
| Op Mgn 3Y Avg | 5.2% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 14.9% |
| CFO/Rev 3Y Avg | 14.2% |
| FCF/Rev LTM | 2.0% |
| FCF/Rev 3Y Avg | 1.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.0 |
| P/S | 2.3 |
| P/Op Inc | 23.0 |
| P/EBIT | 25.5 |
| P/E | 43.1 |
| P/CFO | 13.9 |
| Total Yield | 1.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 0.4% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.7% |
| 3M Rtn | -12.3% |
| 6M Rtn | -1.3% |
| 12M Rtn | -45.7% |
| 3Y Rtn | -27.0% |
| 1M Excs Rtn | -6.4% |
| 3M Excs Rtn | -21.9% |
| 6M Excs Rtn | -11.2% |
| 12M Excs Rtn | -70.5% |
| 3Y Excs Rtn | -101.6% |
Price Behavior
| Market Price | $72.60 | |
| Market Cap ($ Bil) | 8.4 | |
| First Trading Date | 06/15/2023 | |
| Distance from 52W High | -25.5% | |
| 50 Days | 200 Days | |
| DMA Price | $83.57 | $68.83 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -13.1% | 5.5% |
| 3M | 1YR | |
| Volatility | 48.0% | 57.2% |
| Downside Capture | 159.33 | 173.76 |
| Upside Capture | 74.30 | 117.54 |
| Correlation (SPY) | 43.2% | 36.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.31 | 1.44 | 1.52 | 1.81 | 1.76 | 0.02 |
| Up Beta | 1.16 | 1.69 | 2.20 | 2.28 | 2.18 | 0.26 |
| Down Beta | 0.49 | 1.26 | 1.12 | 1.17 | 1.97 | 0.08 |
| Up Capture | -138% | 45% | 90% | 280% | 133% | 519% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 20 | 29 | 63 | 118 | 374 |
| Down Capture | 226% | 280% | 169% | 133% | 148% | 111% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 21 | 34 | 61 | 130 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAVA | |
|---|---|---|---|---|
| CAVA | -13.2% | 57.3% | -0.04 | - |
| Sector ETF (XLY) | 7.8% | 18.3% | 0.27 | 31.8% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 35.6% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 6.9% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -8.6% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 22.2% |
| Bitcoin (BTCUSD) | -42.0% | 42.5% | -1.16 | 26.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAVA | |
|---|---|---|---|---|
| CAVA | 10.2% | 59.2% | 0.50 | - |
| Sector ETF (XLY) | 6.7% | 23.8% | 0.24 | 41.5% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 45.4% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 8.1% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 2.1% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 27.6% |
| Bitcoin (BTCUSD) | 11.3% | 54.6% | 0.40 | 23.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAVA | |
|---|---|---|---|---|
| CAVA | 5.0% | 59.2% | 0.50 | - |
| Sector ETF (XLY) | 12.5% | 22.0% | 0.52 | 41.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 45.4% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 8.1% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 2.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 27.6% |
| Bitcoin (BTCUSD) | 63.3% | 66.9% | 1.03 | 23.3% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/19/2026 | 3.1% | 5.2% | |
| 2/24/2026 | 26.4% | 13.7% | 18.4% |
| 11/4/2025 | -2.6% | -4.7% | 3.2% |
| 8/12/2025 | -16.6% | -19.0% | -23.9% |
| 5/15/2025 | -2.3% | -14.8% | -24.8% |
| 2/25/2025 | -0.3% | -13.1% | -12.7% |
| 11/12/2024 | 1.6% | -2.6% | -13.6% |
| 8/22/2024 | 19.6% | 8.7% | 25.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 5 | 5 |
| # Negative | 5 | 7 | 6 |
| Median Positive | 7.0% | 8.7% | 18.4% |
| Median Negative | -2.6% | -7.8% | -17.9% |
| Max Positive | 26.4% | 14.8% | 35.1% |
| Max Negative | -16.6% | -19.0% | -24.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/16/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/23/2024 | 10-Q |
| 03/31/2024 | 05/29/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/16/2023 | 10-Q |
| 04/30/2023 | 06/16/2023 | 424B4 |
| 09/30/2022 | 02/06/2023 | DRS |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net New CAVA Restaurant Openings | 75 | 76 | 77 | 1.3% | Raised | Guidance: 75 for 2026 | |
| 2026 Same Restaurant Sales | 0.04 | 0.06 | 0.07 | 37.5% | 1.5% | Raised | Guidance: 0.04 for 2026 |
| 2026 CAVA Restaurant-Level Profit Margin | 23.7% | 24.0% | 24.3% | 0.2% | 0.0% | Raised | Guidance: 23.95% for 2026 |
| 2026 Pre-opening costs | 22.00 Mil | 22.25 Mil | 22.50 Mil | 12.7% | Raised | Guidance: 19.75 Mil for 2026 | |
| 2026 Adjusted EBITDA | 181.00 Mil | 186.00 Mil | 191.00 Mil | 3.3% | Raised | Guidance: 180.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net New CAVA Restaurant Openings | 74 | 75 | 76 | 8.7% | Higher New | Actual: 69 for 2025 | |
| 2026 Same Restaurant Sales | 0.03 | 0.04 | 0.05 | 14.3% | 0.5% | Higher New | Actual: 0.04 for 2025 |
| 2026 CAVA Restaurant-Level Profit Margin | 23.7% | 23.95% | 24.2% | -2.6% | -0.6% | Lower New | Actual: 24.6% for 2025 |
| 2026 Pre-opening costs | 19.50 Mil | 19.75 Mil | 20.00 Mil | 6.8% | Higher New | Actual: 18.50 Mil for 2025 | |
| 2026 Adjusted EBITDA | 176.00 Mil | 180.00 Mil | 184.00 Mil | 20.0% | Higher New | Actual: 150.00 Mil for 2025 | |
Insider Activity
Updated 6/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kadow, Joseph John | CLO & Secretary | Direct | Buy | 6052026 | 70.00 | 1,000 | 70,000 | 488,180 | Form |
| 2 | Thompson, Douglas W | Chief Operations Officer | Direct | Buy | 6022026 | 77.90 | 2,500 | 194,750 | 1,002,651 | Form |
| 3 | Kadow, Joseph John | CLO & Secretary | Direct | Buy | 6022026 | 79.00 | 1,000 | 79,000 | 471,946 | Form |
| 4 | Thompson, Douglas W | Chief Operations Officer | Direct | Buy | 5282026 | 79.45 | 4,000 | 317,800 | 823,976 | Form |
| 5 | Phillips, Adam David | Chief Accounting Officer | Direct | Sell | 5222026 | 77.14 | 5,181 | 399,662 | 733,216 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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