CAVA reports Q2 earnings beat with 31.3% revenue growth
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CAVA reported second-quarter 2026 revenue of $365.4 million, up 31.3% year-over-year, beating analyst expectations and reflecting strong demand for its Mediterranean fast-casual concept amid a challenging restaurant industry environment. The company's same-restaurant sales grew 9.0%, driven primarily by a 5.3% increase in guest traffic, according to the earnings release issued August 11. Earnings per share came in at $0.20 on a basic basis, exceeding the consensus estimate of $0.174 per share. CAVA opened 17 net new restaurants during the quarter, bringing its total to 476 locations - a 19.6% increase year-over-year. The company's restaurant-level profit margin stood at 25.7%, down 60 basis points from the prior year quarter, primarily due to input costs from the April launch of its Pomegranate Glazed Salmon protein and a higher mix of third-party delivery. The strong comparable sales performance stands out in the broader restaurant landscape. In Q2 2026, the U.S. quick-service restaurant industry saw net sales growth of 2.0% year-over-year, according to industry data, while many competitors reported single-digit same-store sales growth. Restaurant Brands International, parent of Burger King and Tim Hortons, posted global comparable sales growth of 3.8% in the same period. CEO Brett Schulman highlighted the company's momentum in a statement: "Same restaurant sales increased...
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