00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Cava reported better-than-expected second-quarter earnings and revenue after the market closed
00:07a Tuesday, according to Benzinga. The restaurant group reported adjusted earnings of 19 cents per
00:12share and revenue of 365.43 million dollars, beating estimates of 18 cents per share and
00:19360.53 million dollars. Revenue rose 31.3 percent year-over-year as same restaurant sales increased
00:289 percent, driven by 5.3 percent guest traffic growth. The company opened 17 new restaurants
00:34during the quarter, bringing its total to 476 locations, up 19.6 percent from a year earlier.
00:41Cava reaffirmed its 2026 outlook for same restaurant sales growth of 4.5 percent to 6.5 percent
00:46and adjusted EBITDA of 181 million dollars to 191 million dollars. The company also expects to open
00:5375 to 77 new restaurants this year. Shares rose 6.84 percent in After Hours Trading Tuesday.
00:59For all things money, visit Benzinga.com.
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