CAVA Reports Q1 Earnings Beat Amid Traffic Growth
CAVA Group reported first-quarter earnings that exceeded analyst expectations, driven by strong guest traffic growth at its Mediterranean fast-casual restaurants. Revenue rose 32.2% year-over-year to $438.3 million and adjusted EBITDA increased 37.6%. The company raised full-year guidance for comparable sales and adjusted EBITDA.
Tickers: $CAVA
Topics: adjusted EBITDA fast-casual dining Mediterranean cuisine restaurant industry same-store sales growth