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00:02Kava reported record fiscal 2025 revenue and projected sales growth for fiscal 2026,
00:08according to CNBC. The fast-casual Mediterranean restaurant chain reported earnings of 4 cents
00:14per share on $275 million in revenue, exceeding expectations of 3 cents per share and $268
00:21million in revenue. Chief Financial Officer Trisha Tolovar said Kava has managed margin
00:27pressures by limiting price increases, which she said supports the company's value perception.
00:31Tolovar said Kava raised prices about 1.7% at the start of 2025 and plans very modest increases in
00:392026. Revenue rose nearly 21% year over year. The company opened 72 net new restaurants in
00:46fiscal 2025, bringing total locations to 439. Kava expects 74 to 76 openings and 3% to 5%
00:55same-store sales growth in fiscal 2026. For all things money, visit Benzinga.com.
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