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AI brief of an SEC Form 8-K · Cava (CAVA)

CAVA raises 2024 outlook as third-quarter revenue rises 39% to $241.5 million

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCava (CAVA)
Form8-K, current report
Filed with the SECNov 12, 2024, 4:29 PM ET
Accession number0001628280-24-047200

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.