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Fiscal Second Quarter 2025 Highlights: CAVA Revenue grew 20.3% to $278.2 million as compared to $231.4 million in the prior year quarter and 62.6% as compared to the second quarter of fiscal 2023. Net New CAVA Restaurant Openings of 16, bringing total CAVA Restaurants to 398, a 16.7% increase in total CAVA Restaurants year over year. CAVA Same Restaurant Sales Growth of 2.1%. CAVA AUV of $2.9 million as compared to $2.7 million in the prior year quarter excluding the 53rd week of fiscal 2023. CAVA Restaurant-Level Profit of $73.3 million or growth of 19.6% over the prior year quarter, with CAVA Restaurant-Level Profit Margin of 26.3%. CAVA Digital Revenue Mix was 37.3%. CAVA Group Net Income of $18.4 million compared to $19.7 million of net income and $16.8 million of Adjusted Net Income 1 in the prior year quarter. CAVA Group Adjusted EBITDA1 of $42.1 million compared to $34.3 million in the prior year quarter. Year to date net cash provided by operating activities of $98.9 million with Free Cash Flow1 of $21.9 million. CAVA Fiscal Second Quarter 2025 Review: CAVA Revenue was $278.2 million, an increase of 20.3% compared with the second quarter of fiscal 2024. The increase was primarily driven by 75 Net New CAVA Restaurant Openings during or subsequent to the second quarter of fiscal 2024, which are exceeding our performance expectations, and CAVA Same Restaurant Sales Growth of 2.1% primarily from menu price and product mix with guest traffic being approximately flat. CAVA Restaurant-Level Profit Margin was 26.3% compared with 26.5% in the second quarter of fiscal 2024. The decrease was due to input costs associated with the launch of grilled steak in the middle of the second quarter of fiscal 2024 and incremental wage investments, partially offset by leverage from higher sales.

CAVA EARNINGS RESULTS

Here’s how CAVA performed in Q2 2025.