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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Brian Mullan | Piper Sandler | 7 (0%) |
| David Tarantino | Robert W. Baird | 7 (29%) |
| Danilo Gargiulo | Bernstein | 7 (29%) |
| John Ivankoe | JPMorgan | 7 (0%) |
| Chris O'Cull | Stifel | 7 (0%) |
| Andrew Charles | TD Cowen | 7 (14%) |
| Sara Senatore | Bank of America | 6 (17%) |
| Brian Harbour | Morgan Stanley | 6 (0%) |
| Brian Vaccaro | Raymond James | 6 (0%) |
| Jeff Bernstein | Barclays | 5 (40%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Piper Sandler | 1 | 7 (0%) |
| TD Cowen | 1 | 7 (14%) |
| Bernstein | 1 | 7 (29%) |
| Bank of America | 2 |
| 7 (14%) |
| Robert W. Baird | 1 | 7 (29%) |
| Stifel | 1 | 7 (0%) |
| JPMorgan | 1 | 7 (0%) |
| Raymond James | 1 | 6 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $227M | +28.3% | $0.66 | +3566.7% | 1.7% | 34.6% | $2M |
| FY2025 Q1 | $332M | +28.1% | $0.22 | +83.3% | 6.6% | 7.7% | $3M |
| FY2025 Q2 | $281M | +20.2% | $0.16 | -5.9% | 7.0% | 6.5% | $19M |
| FY2025 Q3 | $292M | +19.9% | $0.12 | -20.0% | 8.0% | 5.0% | $1M |
| FY2025 Q4 | $275M | +20.9% | $0.04 | -93.7% | 3.1% | 1.8% | $3M |
| FY2026 Q1 | $438M | +32.1% | $0.20 | -9.1% | 7.9% | 5.4% | $15M |
| FY2026 Q2 | $368M | +31.3% | $0.19 | +18.8% | 7.3% | 6.2% | $29M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
CAVA delivered an exceptional first quarter of fiscal 2026, with revenue up 32.2% to $434.4 million and same-restaurant sales of 9.7% driven by 6.8% traffic growth. Adjusted EBITDA rose 37.6% to $61.7 million as restaurant-level profit grew 32.3% to $108.9 million while holding a 25.1% margin, and management raised full-year guidance across same-restaurant sales (to 4.5% to 6.5%), unit openings (75 to 77), and adjusted EBITDA (to $181 million to $191 million). GAAP diluted EPS slipped to $0.20 from $0.22, but the decline was entirely a below-the-line tax effect — the prior year carried a larger permanent equity-compensation tax benefit — while pretax earnings grew nearly 50%. New restaurant productivity remained above 100% with $3 million average unit volumes, and traffic held across all income cohorts, with lower-income guests performing strongest as CAVA absorbed energy and salmon cost headwinds rather than passing price to consumers.
Demand | Margin | Innovation & R&D | Geographic Expansion | Competitive Dynamics | Guidance Reliability | Product Launch | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 3 | 2 | 1 | 3 | 1 | 2 | |
| 2025Q1 | 4 | 3 | 2 | 2 | 1 | 2 | 1 | |
| 2025Q2 | 10 | 2 | 2 | 2 | 3 | 1 | ||
| 2025Q3 | 11 | 2 | 3 | 2 | 3 | 1 | 2 | 2 |
| 2025Q4 | 13 | 2 | 1 | 4 | 7 | 2 | 1 | 1 |
| 2026Q1 | 9 | 2 | 3 | 4 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 4 | 10 | 11 | 13 | 9 |
| Margin | 3 | 3 | 2 | 2 | 2 | 2 |
| Innovation & R&D | 2 | 2 | 2 | 3 | 1 | 3 |
| Geographic Expansion | 1 | 2 | 2 | 4 | 4 | |
| Competitive Dynamics | 1 | 2 | 3 | 7 | ||
| Guidance Reliability | 3 | 3 | 1 | 2 | ||
| Product Launch | 1 | 2 | 1 | 2 | 1 | 2 |
| Cost Pressure | 2 | 1 | 2 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CAVA CAVA Group, Inc. | 10 | +32.1% | |
| CMG Chipotle Mexican Grill | 7 | +9.3% | |
| DPZ Domino's | 5 | +4.3% | |
| DRI Darden Restaurants | 9 | +13.7% | |
| MCD McDonald's Corporation | 6 | +3.7% | |
| SBUX Starbucks | 7 | -1.4% | |
| YUM Yum! Brands | 5 | +12.3% |