Cava Beats Q4 Estimates with Soaring Revenue and Comp Sales Growth, Opens 19 New Locations
- Cava reported better-than-expected Q4 earnings of $0.02 per share, beating break-even expectations
- Revenue jumped 52.5% to $175.5 million, topping views
- Same-restaurant sales grew 11.4% thanks to traffic and menu price gains
- Opened 19 net new locations in Q4, now at 309 stores, up 30%
- Cava stock jumped 12% on the earnings beat and hot growth