CAVA GROUP, INC.

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.

CAVA Group reported strong first-quarter 2026 financial results, with revenue increasing 32.2% to $434.4 million and same restaurant sales growing 9.7%, driven by a 6.8% increase in guest traffic. The company opened 20 net new CAVA restaurants, bringing the total to 459. CAVA also updated its full-year 2026 guidance upwards for net new restaurant openings, same restaurant sales, CAVA restaurant-level profit margin, and Adjusted EBITDA, reflecting confidence in sustained momentum.

CAVA Group, Inc. will hold its 2026 Annual Meeting of Stockholders virtually on Monday, June 22, 2026, at 11:30 a.m. EDT. Stockholders of record as of April 23, 2026, are eligible to vote. The agenda includes the election of two Class III directors, an advisory vote on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026. Additionally, Class III director Karen Kochevar will retire from the Board after nine years of service and will not seek re-election.

CAVA Group, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 22, 2026. Stockholders will vote on the re-election of two Class III directors, an advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor. Karen Kochevar will retire from the Board and not seek re-election.

CAVA Group, Inc. announced that Karen Kochevar will retire from its Board of Directors upon the expiration of her current term at the 2026 Annual Meeting of Shareholders on June 22, 2026. Ms. Kochevar will not stand for re-election. Her retirement is consistent with the Board's succession planning and is not a result of any disagreement with the company, concluding ten years of service.