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Home/News Feed/CAVA shares jump 10% after strong Q1 results and raised 2026 outlook

CAVA

$69.78

-$0.19 -0.27%

CAVA shares jump 10% after strong Q1 results and raised 2026 outlook

Company Fundamentals

20 May 2026

Proactive Investors

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Bullish

CAVA reported Q1 revenue of $438.3M and earnings of $0.20 per share, beating analyst estimates. The Mediterranean restaurant chain grew same-store sales by 9.7% and opened 20 new locations, boosting total restaurants to 459. It raised its 2026 outlook, expecting higher same-store sales growth and adjusted EBITDA. Positive momentum and strong consumer demand support the optimistic forecast, with analysts upgrading price targets and sales projections.

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CAVA Group plans 75-77 new stores in 2026 after strong Q1 growth and confident management outlook.

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