Quarterly ResultMay 20, 2026, 06:07 AM
CAVA Q1 Revenue Up 32% to $438.3M; Net Income Down 8.3%
AI Summary
CAVA Group reported a 32.08% increase in revenue to $438.3 million for the sixteen weeks ended April 19, 2026, compared to the same period last year. However, net income decreased by 8.33% to $23.6 million, and basic earnings per share fell to $0.20 from $0.22. The company also amended its Credit Facility, extending the maturity to 2031 and increasing revolving commitments to $150.0 million, and operated 459 restaurants as of April 19, 2026.
Key Highlights
- Revenue increased 32.08% to $438.3 million for the sixteen weeks ended April 19, 2026.
- Net income decreased 8.33% to $23.6 million for the sixteen weeks ended April 19, 2026.
- Basic earnings per share was $0.20, down from $0.22 in the prior year period.
- Credit Facility maturity extended to March 20, 2031, with revolving commitments increased to $150.0 million.
- Net cash provided by operating activities was $64.1 million, up from $38.6 million year-over-year.
- Cash and cash equivalents totaled $295.8 million as of April 19, 2026.
- Total assets reached $1.42 billion as of April 19, 2026, up from $1.36 billion at year-end 2025.
- The company operated 459 fast-casual CAVA Restaurants as of April 19, 2026.
Price Impact
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