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00:02Cava Group reported first quarter adjusted earnings of 20 cents per share
00:06and revenue of $438.27 million,
00:11beating analyst estimates of 17 cents per share
00:14and $411.25 million, according to Benzinga Pro.
00:19Total revenue rose 32.2% year over year,
00:23driven by same restaurant sales growth of 9.7%
00:26and guest traffic growth of 6.8%.
00:29The company opened 20 new restaurants during the quarter,
00:32bringing its total to 459 locations,
00:35up 20.2% year over year.
00:38Cava ended the period with $295.77 million in cash.
00:43The company raised its fiscal 2026 same restaurant sales growth outlook
00:47to 4.5% to 6.5%
00:50and lifted adjusted EBITDA guidance to a range of $181 million to $191 million.
00:56Cava also expects to open between 75 and 77 new restaurants this year.
01:02Shares rose 6.18% in after-hours trading to $82.95.
01:09For all things money, visit Benzinga.com.
01:12We'll see you in the next one.
01:12We'll see you in the next one.
01:12We'll see you in the next one.
01:13You
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