CAVA Q3 revenue rises 22.1% to $353.7 million, but net income falls to $13.2 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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