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Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 12, 2024 FY24 Q3 | Feb 25, 2025 FY24 Q4 | May 15, 2025 FY25 Q1 | Aug 12, 2025 FY25 Q2 | Nov 4, 2025 FY25 Q3 | Feb 24, 2026 FY25 Q4 | May 19, 2026 FY26 Q1 | Aug 11, 2026 FY26 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2032 | ||||||||
| Restaurant count target | — | — | — | New“1,000” | — | — | — | — |
| For FY2026 | ||||||||
| Adjusted EBITDA | — | — | — | — | — | New“$176.0 to $184.0 million” | Raised“$181.0 to $191.0 million” | Reiterated“$181.0 to $191.0 million” |
| CAVA Restaurant-Level Profit Margin | — | — | — | — | — | New“23.7% to 24.2%” | Widened“23.7% to 24.3%” | Reiterated“23.7% to 24.3%” |
| Net New CAVA Restaurant Openings | — | — | — | — | — | New“74 to 76” | Raised“75 to 77” | Reiterated“75 to 77” |
| Pre-opening costs | — | — | — | — | — | New“$19.5 to $20.0 million” | Raised“$22.0 to $22.5 million” | Reiterated“$22.0 to $22.5 million” |
| Same Restaurant Sales | — | — | — | — | — | New“3.0% to 5.0%” | Raised“4.5% to 6.5%” | Reiterated“4.5% to 6.5%” |
| For FY2025 | ||||||||
| Adjusted EBITDA | — | New“$150.0 to $157.0 million” | Reiterated“$150.0 to $157.0 million” | Raised“$152.0 to $159.0 million” | Reiterated“$152.0 to $159.0 million” | — | — | — |
| CAVA Restaurant-Level Profit Margin | — | New“24.8% to 25.2%” | Reiterated“24.8% to 25.2%” | Reiterated“24.8% to 25.2%” | Reiterated“24.8% to 25.2%” | — | — | — |
| CAVA Same Restaurant Sales Growth | — | New“6.0% to 8.0%” | Reiterated“6.0% to 8.0%” | Reiterated“6.0% to 8.0%” | Lowered“4.0% to 6.0%” | — | — | — |
| Net New CAVA Restaurant Openings | — | New“62 to 66” | Reiterated“62 to 66” | Raised“64 to 68” | Raised“68 to 70” | — | — | — |
| New restaurant class AUV | — | — | — | New“above $3 million” | — | — | — | — |
| Pre-opening costs | — | New“$14.0 to $15.0 million” | Reiterated“$14.0 to $15.0 million” | Raised“$14.5 to $15.5 million” | Raised“$15.5 to $16.5 million” | — | — | — |
| For FY2024 | ||||||||
| Adjusted EBITDA | New“$109.0 to $114.0 million” | — | — | — | — | — | — | — |
| CAVA Restaurant-Level Profit Margin | New“24.2% to 24.7%” | — | — | — | — | — | — | — |
| CAVA Same Restaurant Sales Growth | New“12.0% to 13.0%” | — | — | — | — | — | — | — |
| Net New CAVA Restaurant Openings | New“54 to 57” | — | — | — | — | — | — | — |
| Pre-opening costs | New“$12.0 to $13.0 million” | — | — | — | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.