CAVA Group closed fiscal 2025 on a high note, reporting fourth-quarter results that exceeded Wall Street expectations and reinforced its position in the fast-casual dining sector. Through its strong CAVA Q4 earnings, the Mediterranean restaurant chain generated revenue of approximately $272.8 million, marking a year-over-year increase of more than 21%. The strong top-line growth was driven by new restaurant openings and steady customer demand.
Same-restaurant sales, a closely watched indicator of growth at established locations, rose modestly during the quarter, outperforming expectations for a potential decline. Net income totaled nearly $4.9 million, while adjusted earnings per share surpassed analyst projections. The company added 24 net new restaurants during the quarter, signaling continued expansion momentum despite a competitive industry backdrop.
Following the earnings announcement, CAVA’s stock climbed sharply in after-hours trading, reflecting renewed investor optimism. Analysts attributed the rally to stronger-than-expected revenue, disciplined cost management, and confident forward guidance.
Full-Year 2025 Marks a Milestone for the Brand
Beyond the quarterly beat, fiscal 2025 proved to be a landmark year for CAVA. Reflecting its momentum in CAVA Q4 earnings, the company reported full-year revenue of $1.17 billion a 22.5% increase compared with the prior year — crossing the $1 billion threshold for the first time in its history. This milestone underscores the brand’s accelerating growth trajectory since its public debut.
Throughout the year, CAVA opened 72 net new restaurants, expanding its footprint to 439 locations nationwide. The expansion represented nearly 20% growth in total units year over year. Same-restaurant sales for the full year increased 4%, contributing meaningfully to overall performance.
Digital sales remained a significant component of the business, accounting for roughly 38% of total revenue. The continued strength of online ordering and off-premises dining reflects shifting consumer behavior and CAVA’s successful integration of technology into its operations. Average unit volumes approached $2.9 million, indicating solid productivity across existing locations.
However, like many restaurant operators, the company faced margin pressures from higher labor, delivery, and commodity costs. Despite these challenges, insights from CAVA Q4 earnings show that restaurant-level profit margins remained resilient, highlighting operational efficiency and effective pricing strategies.
Confident Outlook for 2026 Expansion
Looking ahead, CAVA’s leadership expressed confidence in sustaining its growth trajectory into fiscal 2026. The company projects same-restaurant sales growth between 3% and 5% for the upcoming year. It also plans to open between 74 and 76 net new restaurants, maintaining an aggressive yet disciplined expansion strategy.
Management expects restaurant-level profit margins to range between 23.7% and 24.2% and forecasts adjusted EBITDA between $176 million and $184 million. These projections signal continued financial strength while balancing investment in new markets and infrastructure.
Chief Executive Officer Brett Schulman described 2025 as a defining year for the company, noting through the CAVA Q4 earnings that CAVA’s differentiated Mediterranean menu, operational discipline, and customer loyalty continue to fuel performance. As consumer demand for fresh, customizable dining options grows, the brand appears well-positioned to capture additional market share within the fast-casual segment.
With record annual revenue, expanding national presence, and upbeat guidance, CAVA enters 2026 with strong momentum, reinforcing its evolution from emerging chain to billion-dollar industry contender.
