Cava Stock Tanks on Q3 Double-Miss: CEO Points to 'Broader Industry Pressures'

Cava Group Inc. (NYSE:CAVA) posted its third-quarter fiscal 2026 results after Wednesday’s closing bell, missing analyst estimates on the top and bottom lines.  

Here’s a look at the details inside the report. 

• CAVA stock is moving. Watch the price action here.

Cava Q3 Details       

Cava Group reported quarterly earnings of 11 cents per share, which missed the analyst consensus estimate of 12 cents, per Benzinga Pro data. 

Quarterly revenue of $356.44 million missed the Street estimate of $358.54 million.

Cava highlighted the following third-quarter metrics:

• Net New CAVA Restaurant Openings of 24, bringing total CAVA Restaurants to 500, a 20.5% increase in total CAVA Restaurants year over year.
• Same Restaurant Sales increased 3.1%.
• AUV of $3.1 million as compared to $2.9 million in the prior-year quarter.
• CAVA Restaurant-Level Profit of $82.7 million or growth of 16.2% over the prior-year quarter, with CAVA Restaurant-Level Profit Margin of 23.4%.
• Digital Revenue Mix was 38.5%.

“In the third quarter, despite broader industry pressures, we continued to gain market share, expand our footprint, and see strong performance from our new restaurants,” said CEO Brett Schulman.

CAVA Stock Price: According to data from Benzinga Pro, Cava stock was down 11.55% to $54.82 in Wednesday’s extended trading.  

Photo: Shutterstock