CAVA 3Q 2026: Revenue $356.44M, EPS $0.11 — 10-Q Summary

What happened

CAVA reported third-quarter revenue of $356.44M, up 22.0% year over year, while net income fell 10.5%. Growth reflected 102 net new restaurant openings and 3.1% same-restaurant sales growth. Higher operating expenses, pre-opening costs and investments to support future growth pressured earnings.

Confirmed

Global impact / market context

Revenue grew through restaurant openings and modest same-restaurant sales gains, but higher operating expenses, pre-opening costs and growth investments reduced net income. Restaurant-level profit rose, yet its share of sales fell, showing that expansion is adding revenue while costs are pressuring profitability.

Analyst inference

The results show a trade-off between expansion and near-term earnings: 102 net new restaurants contributed to growth, while same-restaurant sales rose 3.1%, mostly from menu prices and product mix rather than more guest visits. Investors may weigh growth pace against cost control and profit per sale.

Analyst inference

What to watch

1. Watch whether same-restaurant sales growth broadens beyond menu prices and product mix, since guest traffic contributed only 0.1% of the reported 3.1% increase. Analyst inference
2. Track restaurant operating expenses and pre-opening costs in later results; lower costs relative to sales could help net income recover as new locations open. Analyst inference
3. The company reported 24 restaurant openings during the quarter and 500 locations at quarter-end; further opening plans or updated targets were not supplied here. Confirmed

Evidence

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