CAVA
Serves customizable Mediterranean bowls and pitas alongside a smaller grocery foods business.
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Profile
Sells chef-curated and customizable Mediterranean bowls and pitas through U.S. restaurants and digital channels, while CAVA Foods supplies restaurant ingredients and packaged dips, spreads, and dressings to grocery stores. Restaurant sales generate nearly all reported revenue, leaving expansion dependent on new-site execution, labor, fresh ingredients, food safety, and menu acceptance.
Runs a U.S. Mediterranean fast-casual chain built around chef-curated and customizable bowls and pitas. CAVA restaurants serve guests in-store and through pickup, delivery, catering, the app, and the website, while CAVA Foods makes dips, spreads, and dressing bases for restaurants and sells packaged products through grocery stores.
Restaurant sales provide nearly all reported revenue, making new-site selection, construction, staffing, menu acceptance, and guest traffic central to the operating model. A former Zoës Kitchen estate accelerated the national footprint through conversions; expansion now depends on a pipeline of newly leased and built locations.
Operations remain concentrated in the United States and depend on fresh-ingredient availability, a limited national distribution network, manufacturing capacity, food safety, labor retention, and third-party delivery marketplaces. Consistent recipes and digital order fulfillment connect restaurant execution with the smaller packaged-food business.
Company facts
Categories
Key statistics
Year to date +10.6% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | DA Davidson | Reiterate | Neutral | $84 | $75 | |
| Aug 13, 2026 | Guggenheim | Reiterate | Buy | $95 | ||
| Aug 12, 2026 | KeyBanc | Reiterate | Overweight | $105 | $95 | |
| Aug 12, 2026 | RBC Capital | Reiterate | Outperform | $90 | $95 | |
| Aug 12, 2026 | Mizuho Securities | Target | $64 | $70 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.18 | $0.19 | +3.5% | $360.1M | $368.4M | +2.3% | +14.24% |
| May 19, 2026Q1 FY26 | $0.17 | $0.20 | +17.6% | $360.5M | $438.3M | +21.6% | +3.08% |
| Feb 24, 2026Q4 FY25 | $0.03 | $0.04 | +33.3% | $268.4M | $275.0M | +2.5% | +26.36% |
| Nov 4, 2025Q3 FY25 | $0.13 | $0.12 | −7.7% | $267.9M | $292.2M | +9.1% | −2.57% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $331.8M | $280.6M | $292.2M | $275.0M | $438.3M | $368.4M | |
| Gross profit | $63.3M | $57.9M | $54.7M | $41.0M | $85.7M | $95.6M | |
| Operating income | $21.9M | $25.8M | $23.2M | $8.4M | $34.7M | $26.8M | |
| Net income | $25.7M | $18.4M | $14.7M | $4.9M | $23.6M | $23.0M | |
| Diluted EPS | $0.22 | $0.16 | $0.12 | $0.04 | $0.20 | $0.19 | |
| Gross margin | 19.1% | 20.6% | 18.7% | 14.9% | 19.6% | 25.9% | |
| Operating margin | 6.6% | 9.2% | 8.0% | 3.1% | 7.9% | 7.3% |
Fiscal years (4-quarter sums)FY22 $564.1M · FY23 $728.7M · FY24 $963.7M · FY25 $1.18B
Revenue by product · Q2 FY26
Balance sheet, Jul 12, 2026Cash & short-term investments $435.6M · Total debt $520.7M · Total assets $1.50B · Shareholders' equity $841.3M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 116.47M · Float 107.58M · 92.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.65M | 8.28% | 13F | Aug 7, 2026 |
| AllianceBernstein L.P. | 6.64M | 5.70% | 13F | Aug 14, 2026 |
| Participations S.a r.l. Artal · director | 6.51M | 5.59% | Form 4 | Jun 17, 2026 |
| Artal Group S.A. | 6.51M | 5.59% | 13F | Aug 13, 2026 |
| FMR LLC | 5.53M | 4.75% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 18, 2026 | Karen Kochevar | director | −10,000 | $90.00 |
| Jun 15, 2026 | Participations S.a r.l. Artal | director | −3,000,000 | $90.30 |
| Jun 15, 2026 | Theodoros Xenohristos | director, officer: Chief Concept Officer | −3,252 | $89.43 |
| Jun 15, 2026 | Adam David Phillips | officer: Chief Accounting Officer | −757 | $89.43 |
| Jun 15, 2026 | Tricia K. Tolivar | officer: Chief Financial Officer | −4,969 | $89.43 |
Peers
- Chipotle Mexican Grill
Closest scaled rival in customizable fast casual and digital ordering
- Sweetgreen
Healthy customizable bowls and salads for similar meal occasions
- Shake Shack
Premium fast-casual rival for traffic, labor, sites, and digital orders
- McDonald's
Quick-service rival on convenience, value, delivery, and drive-thru
- Yum! Brands
Taco Bell-led rival in value, customization, and digital reach
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CAVA | $66.76 | −0.26% | $7.80B | 121.3 | 110.1 | 5.7 | +31.3% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| Sweetgreen | $7.08 | +1.51% | $828.2M | 69.7 | — | 1.2 | +3.8% |
| Shake Shack | $69.75 | −0.23% | $2.82B | 74.1 | 56.4 | 1.8 | +17.2% |
| McDonald's | $265.11 | +0.04% | $188.28B | 21.5 | 20.0 | 6.8 | +3.7% |
| Yum! Brands | $153.86 | 0.00% | $42.41B | 19.3 | 22.6 | 4.9 | +12.2% |
| Median | 34.9 | 26.3 | 3.9 | +9.3% |