Companies · CAVA
Cava Group
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Latest analysis
Updated Nov 5, 2026
Cava Group hits 500 restaurants with 3.1% SSS comp, but Cyclospora outbreak cost ~150bps and restaurant-level margin compressed 120bps to 23.4% in Q3 FY2026.
Cava Group delivered Q3 FY2026 (twelve weeks ended October 4, 2026) CAVA segment revenue of $353.7 million, up 22.1% year-over-year, powered by 24 net new restaurant openings and a 3.1% same-restaurant sales comp — but traffic contributed only 0.1%, with the remaining 3.0% driven by menu price and product mix. Restaurant-level profit margin compressed 120 basis points to 23.4%, pressured by labor investment (expanded Assistant General Manager role, ~3% wage inflation) and a higher third-party delivery mix, partially offset by tariff recoveries on food and beverage costs. The Cyclospora outbreak and fresh produce concerns reduced SSS by approximately 150 basis points, making the underlying traffic trend materially weaker than the headline comp suggests.
Tone: mixedRevenue
$1.2B
CAVA 10-K · FY 2025
Employees
13,480
Revenue FY2024
$963.7M
Founded
2011
Profile
CAVA 10-K Item 1 · Feb 25, 2026CAVA Group operates 439 fast-casual Mediterranean restaurants across 28 states and Washington, D.C., offering customizable bowls and pitas. The company also centrally manufactures and sells dips, spreads, and dressings through grocery retail under its CPG segment. It was publicly listed on the NYSE in June 2023.
Read filing description ↓ Collapse description ↑
CAVA Group, Inc. was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28, 2025, we operate 439 fast-casual CAVA Restaurants in 28 states and Washington, D.C. The Company's authentic Mediterranean cuisine unites taste and health, with a menu that features chef-curated and customizable bowls and pitas. We centrally produce our dips, spreads, and certain dressing bases for use in our restaurants while also selling our dips, spreads, and prepared dressings in grocery stores. We believe that our differentiated offerings and broad appeal give us significant opportunity in the Mediterranean and health and wellness food categories. Our guests span age groups, genders, and income brackets with a strong Millennial and a growing Gen Z contingent. The broad appeal of our brand is evidenced by substantial diversity across geographies, formats, dayparts, and channels. We are in the early stages of fulfilling our total restaurant potential, and we believe there is opportunity for more than 1,000 CAVA restaurants in the United States by 2032. We have invested in vertically-integrated manufacturing capabilities and built a differentiated directly-sourced supply chain with more than 50 trusted grower, rancher, and producer partners. We operate production facilities in Laurel, Maryland and Verona, Virginia, and a distribution facility in Edison, New Jersey.
Primary products
- Customizable bowls and pitas
- Chef-curated Mediterranean meals
- Dips and spreads
- Prepared dressings
- CPG dips, spreads, and dressings sold in grocery stores
Business segments
End markets
Geographies
“We believe that our differentiated offerings and broad appeal give us significant opportunity in the Mediterranean and health and wellness food categories.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenue grew from $963.7 million in fiscal 2024 to $1.18 billion in fiscal 2025, driven by 72 net new restaurant openings and same-restaurant sales growth of 4.0%.
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