Every material Form 8-K Cava has filed with the SEC since August 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CAVA Group reported fiscal third-quarter 2026 results for the quarter ended October 4, 2026, with CAVA segment revenue up 22.1% and same restaurant sales up 3.1%, but net income fell from $14.7 million to $13.2 million. The company raised its same restaurant sales guidance and narrowed its adjusted EBITDA range, while raising its pre-opening cost outlook, which shareholders will weigh against the higher revenue and lower profit.
Q3 CAVA revenue rose 22.1% to $353.7 million; diluted EPS was $0.11 versus $0.12 a year earlier.
CAVA restaurant-level profit margin fell 120 basis points to 23.4%; adjusted EBITDA rose 5.7% to $42.3 million.
Fiscal 2026 same restaurant sales guidance was raised to 6.0% to 7.0% from 4.5% to 6.5%.
Fiscal 2026 pre-opening cost guidance was raised to $28.5 million to $29.5 million from $22.0 million to $22.5 million; adjusted EBITDA guidance narrowed to $184.0 million to $189.0 million from $181.0 million to $191.0 million.
CAVA Group reported fiscal second quarter 2026 results for the quarter ended July 12, 2026, with CAVA Revenue up 31.3% to $365.4 million and net income up 25.3% to $23.0 million. The company reaffirmed its full-year 2026 guidance, and restaurant-level profit margin fell 60 basis points to 25.7%.
CAVA Revenue of $365.4 million vs. $278.2 million a year earlier; Same Restaurant Sales rose 9.0%, including guest traffic growth of 5.3%
Net income of $23.0 million vs. $18.4 million; diluted EPS of $0.19 vs. $0.16 in the prior-year quarter
Adjusted EBITDA of $54.7 million, up 30.0%; CAVA Restaurant-Level Profit Margin was 25.7%, down from 26.3%
Full-year 2026 guidance reaffirmed, including Adjusted EBITDA of $181.0 million to $191.0 million
On July 29, 2026, CAVA's board appointed Amiee Thomas, Chief Retail Officer of Ulta Beauty, as a director and increased the board from eight to nine seats. She also joined the Audit Committee and the Nominating, Governance and Sustainability Committee. The 8-K names her Thomas, while the press release names her Bayer-Thomas; the filing does not explain the difference. The filing reports no financial results, so the appointment is a governance change rather than a change to CAVA's financial outlook.
Appointed to the board effective July 29, 2026; board size raised from eight to nine directors
Board determined she is independent under NYSE rules and qualifies for the Audit Committee
Compensated under the Non-Employee Director Compensation Policy; entered the company's standard indemnification agreement (Exhibit 10.1)
Ulta Beauty role covers more than 1,500 stores and over 60,000 associates
On June 22, 2026, CAVA's compensation committee amended and restated its Executive Severance Plan, limiting eligibility to Executive Leadership Team members and adding conditions such as a signed release, reduced severance pay, and a shorter post-change-in-control standstill period. At the same day's annual meeting, stockholders elected two Class III directors, approved executive pay on an advisory basis, and ratified Deloitte & Touche LLP as auditor for fiscal 2026.
Brett Schulman received 85,651,941 votes for and 882,410 withheld; James D. White received 63,427,817 for and 23,106,534 withheld.
Advisory say-on-pay vote: 75,849,587 for, 10,573,039 against, and 111,725 abstentions.
Severance benefits now require a Release and Restrictive Covenants Agreement submitted within 15 business days of a Covered Termination.
Base salary continuation is reduced dollar-for-dollar by compensation earned from any employer or contractor during the Severance Period; Deloitte ratification received 100,054,705 votes for and 378,617 against.
CAVA reported fiscal first quarter 2026 results for the 16-week period ended April 19, 2026. Revenue rose 32.2% to $434.4 million and same restaurant sales rose 9.7%, but net income fell to $23.6 million from $25.7 million, and diluted EPS was $0.20 versus $0.22. The company raised its fiscal 2026 guidance for same restaurant sales and Adjusted EBITDA.
Revenue of $434.4 million, up 32.2% from $328.5 million a year earlier; same restaurant sales rose 9.7%, including 6.8% guest traffic growth.
Net income of $23.6 million versus $25.7 million; the filing cites a lower tax benefit from equity-based compensation and higher depreciation and amortization.
Adjusted EBITDA of $61.7 million, up 37.6%; the company opened 20 net new restaurants, bringing the total to 459.
Fiscal 2026 guidance raised: same restaurant sales to 4.5% to 6.5% (from 3.0% to 5.0%) and Adjusted EBITDA to $181.0 million to $191.0 million (from $176.0 million to $184.0 million).
CAVA Group disclosed that director Karen Kochevar will retire from its Board when her current term expires at the 2026 Annual Meeting of Shareholders on June 22, 2026, and will not stand for re-election. The filing says the retirement is not due to any disagreement with the company over its operations, policies or practices, and the board describes it as part of ongoing succession planning.
Kochevar informed the company of her retirement on April 16, 2026.
Her term ends at the 2026 Annual Meeting of Shareholders, scheduled for June 22, 2026.
The filing states no disagreement with the company over operations, policies or practices.
Kochevar served on the board for ten years, including the company's transition to a public company.
CAVA Group signed Amendment No. 3 to its credit agreement on March 20, 2026, extending the facility's maturity from March 11, 2027 to March 20, 2031 and doubling revolving commitments from $75 million to $150 million. The amended facility is secured by substantially all company and guarantor assets, and pricing depends on the company's Total Rent Adjusted Net Leverage Ratio.
Revolving commitments increase from $75 million to $150 million.
Maturity extended from March 11, 2027 to March 20, 2031.
Term SOFR margin ranges from 1.00% to 2.25%; base rate margin ranges from 0.00% to 1.25%, based on leverage ratio.
Facility is guaranteed by domestic restricted subsidiaries and secured by first-priority liens on substantially all assets.
CAVA Group reported fiscal fourth-quarter 2025 revenue of $272.8 million, up 21.2%, and net income of $4.9 million, down from $78.6 million a year earlier. That prior-year figure included an $80.1 million tax benefit from releasing a valuation allowance, and adjusted net income fell to $4.9 million from $6.5 million, while adjusted EBITDA rose 2.6% to $25.8 million. The company also gave fiscal 2026 guidance for adjusted EBITDA of $176.0 million to $184.0 million.
Q4 2025 CAVA revenue rose 21.2% to $272.8 million; same restaurant sales increased 0.5%.
Q4 2025 CAVA restaurant-level profit margin was 21.4%, down 100 basis points from 22.4% a year earlier.
Full-year 2025 revenue was $1,169.3 million, up 22.5%; adjusted net income rose 26.9% to $63.7 million.
Fiscal 2026 guidance includes adjusted EBITDA of $176.0 million to $184.0 million and same restaurant sales growth of 3.0% to 5.0%.
CAVA Group announced that Douglas W. Thompson will become its Chief Operations Officer effective March 2, 2026, overseeing restaurant operations and field teams and reporting to CEO Brett Schulman. The filing sets out his compensation, including a $550,000 base salary, a target cash bonus of 75% of base salary, and a $200,000 relocation and sign-on bonus, which adds a new operations executive and the associated pay terms for shareholders to note.
Thompson, 62, becomes Chief Operations Officer effective March 2, 2026 and reports directly to CEO Brett Schulman.
Offer letter provides a $550,000 annual base salary and a target cash bonus of 75% of base salary.
Equity award with approximate grant date value of $1,200,000 expected from fiscal 2027, plus a one-time restricted stock unit grant of approximately $500,000 and a $200,000 sign-on bonus.
Thompson was CEO of Tumble 22 Texas Chicken Joint from October 2022 and served as COO of Texas Roadhouse from August 2018 to December 2021.
CAVA Group reported fiscal third-quarter 2025 revenue of $292.2 million, up from $243.8 million a year earlier, but net income fell to $14.7 million from $18.0 million. The company also lowered its fiscal full-year 2025 guidance for same restaurant sales growth, restaurant-level profit margin and Adjusted EBITDA, which signals weaker expected profitability for shareholders.
Total revenue was $292.2 million, up from $243.8 million; CAVA Same Restaurant Sales Growth was 1.9%.
Net income was $14.7 million, or $0.12 per diluted share, versus $18.0 million, or $0.15 per diluted share, in the prior-year quarter.
Full-year 2025 same restaurant sales growth guidance was cut to 3.0% to 4.0% from 4.0% to 6.0%.
Full-year Adjusted EBITDA guidance was lowered to $148.0 million to $152.0 million from $152.0 million to $159.0 million.
CAVA Group said Chief Operations Officer Jennifer Somers left the company effective September 23, 2025. Jonathan Braatvedt, SVP of Operations, will serve as Interim Head of Operations while the company searches for a successor.
Jennifer Somers, Chief Operations Officer, departed effective September 23, 2025
Jonathan Braatvedt, SVP of Operations, named Interim Head of Operations
Company has initiated a search for a successor
Departure is a Covered Termination without Cause under the Executive Severance Plan; severance to be paid per the Plan
CAVA Group reported fiscal second-quarter 2025 results for the period ended July 13, 2025, with CAVA Revenue up 20.3% to $278.2 million on 16 net new restaurant openings and same restaurant sales growth of 2.1%. Net income fell to $18.4 million from $19.7 million a year earlier, while Adjusted EBITDA rose 22.6% to $42.1 million, and the company cut its full-year same restaurant sales growth outlook to 4.0% to 6.0% from 6.0% to 8.0%.
CAVA Revenue grew 20.3% to $278.2 million versus $231.4 million in the prior-year quarter; total revenue was $280.6 million.
Net income was $18.4 million, down from $19.7 million; diluted EPS was $0.16 versus $0.17 a year earlier.
Adjusted EBITDA rose to $42.1 million from $34.3 million; CAVA Restaurant-Level Profit Margin was 26.3% versus 26.5%.
Updated fiscal 2025 guidance: same restaurant sales growth cut to 4.0% to 6.0%; net new openings raised to 68 to 70; Adjusted EBITDA unchanged at $152.0 million to $159.0 million.
CAVA Group reported fiscal first-quarter 2025 results for the 16 weeks ended April 20, 2025, with restaurant revenue up 28.2% and net income more than doubling to $25.7 million. The company also raised its fiscal 2025 guidance for adjusted EBITDA to $152.0 million to $159.0 million and for net new restaurant openings to 64 to 68.
CAVA restaurant revenue was $328.5 million, up 28.2% from $256.3 million, with same restaurant sales growth of 10.8%.
Net income was $25.7 million, or $0.22 per diluted share, compared with $14.0 million, or $0.12 per diluted share, a year earlier. Net income included a $10.7 million income tax benefit related to equity-based compensation.
Restaurant-level profit margin was 25.1%, compared with 25.2% a year earlier, as input costs and wage investments offset higher sales.
Fiscal 2025 adjusted EBITDA guidance was raised to $152.0 million to $159.0 million from $150.0 million to $157.0 million on May 15, 2025.
CAVA reported fourth-quarter and fiscal 2024 results, with revenue, net income and adjusted EBITDA all higher than in the prior year. Fourth-quarter net income of $78.6 million includes an $80.1 million benefit from releasing a valuation allowance on deferred tax assets, and excluding it, adjusted net income was $6.5 million. The company also gave fiscal 2025 guidance for adjusted EBITDA of $150.0 million to $157.0 million.
Fourth-quarter CAVA Revenue rose 28.3% to $225.1 million; fiscal 2024 CAVA Revenue rose 33.1% to $954.3 million
Fiscal 2024 net income was $130.3 million versus $13.3 million in fiscal 2023; excluding the VA Release, adjusted net income was $50.2 million
Fiscal 2025 guidance: adjusted EBITDA of $150.0 million to $157.0 million and CAVA Same Restaurant Sales Growth of 6.0% to 8.0%, compared with 13.4% in fiscal 2024
CAVA Group reported fiscal third-quarter 2024 results for the period ended October 6, 2024, with CAVA segment revenue up 39.0% and net income rising to $18.0 million from $6.8 million a year earlier. The company also raised its fiscal 2024 guidance, lifting its Adjusted EBITDA forecast to $121.0 million to $126.0 million from $109.0 million to $114.0 million.
CAVA Revenue grew 39.0% to $241.5 million, versus $173.8 million in the prior-year quarter.
Net income was $18.0 million, or $0.15 per diluted share, compared with $6.8 million, or $0.06 per diluted share, a year earlier.
Fiscal 2024 guidance raised: CAVA Same Restaurant Sales Growth to 12.0% to 13.0% from 8.5% to 9.5%, and Adjusted EBITDA to $121.0 million to $126.0 million from $109.0 million to $114.0 million.
CAVA Restaurant-Level Profit Margin was 25.6%, compared with 25.1% in the prior-year quarter.
CAVA Group reported results for the fiscal second quarter ended July 14, 2024, with CAVA revenue up 35.2% to $231.4 million and net income of $19.7 million, compared with $6.5 million a year earlier. The company also raised its fiscal 2024 guidance, lifting Adjusted EBITDA to $109.0 million to $114.0 million from $100.0 million to $105.0 million, which indicates a higher expected profit outlook for shareholders.
Net income was $19.7 million, or $0.17 per diluted share, versus $6.5 million, or $0.21 per diluted share, in the prior year quarter; diluted weighted-average shares rose to 118.3 million from 31.3 million.
CAVA same restaurant sales grew 14.4%, including 9.5% from guest traffic; the company opened 18 net new restaurants, bringing the total to 341.
Fiscal 2024 CAVA same restaurant sales growth guidance was raised to 8.5% to 9.5% from 4.5% to 6.5%, and Adjusted EBITDA guidance to $109.0 million to $114.0 million from $100.0 million to $105.0 million.
Restaurant-level profit margin was 26.5%, up from 26.1% a year earlier; the company cited a June 3 launch of grilled steak as a partial offset to margin gains.
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