CAVA Raises Restaurant and Sales Forecasts for Fiscal 2026

CAVA Group, Inc. raised its fiscal 2026 forecast for restaurant openings and same-restaurant sales on Nov. 4, after third-quarter sales growth at established restaurants slowed to 3.1%. The restaurant forecast rose from 75–77 net new restaurants to 76–78, while the same-restaurant sales range increased from 4.5%–6.5% to 6%–7%. CAVA lowered its restaurant-level profit margin forecast to 23.7%–24%, from 23.7%–24.3%. It raised expected pre-opening costs to $28.5 million–$29.5 million, from $22 million–$22.5 million, and narrowed its adjusted EBITDA range to $184 million–$189 million, from $181 million–$191 million. The updated outlook accompanied results for the 12 weeks ended Oct. 4.

Source: TokenPost