Mediterranean fast-casual restaurant chain CAVA Group Inc ( CAVA ) reported financial results for the second quarter after the market close on Tuesday. Here’s what you need to know from the report.

Q2 Earnings: Cava ( CAVA ) reported second-quarter revenue of $278.25 million, missing the consensus estimate of $286.58 million, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.

Total revenue was up 20.3% year-over-year on same restaurant sales growth of 2.1% primarily from menu price and product mix. Cava ( CAVA ) said guest traffic was approximately flat during the quarter.

The company opened 16 new restaurants over the past three months, bringing total locations up to 398, up 16.7% year-over-year. Cava ( CAVA ) ended the period with $290.17 million in cash and cash equivalents.

“During the second quarter of 2025, we continued to grow market share and firmly establish our category-defining leadership position,” said Brett Schulman, co-founder and CEO of Cava Group ( CAVA ).

“We recently opened our 400th restaurant, marking a meaningful milestone on our path to 1,000 restaurants by 2032, reinforcing the proven portability and underlying strength fueling our continued growth.”

Outlook: Cava ( CAVA ) expects full-year same-restaurant sales growth to be between 4% and 6%, down from prior guidance of 6% to 8%. The company expects to open between 68 and 70 new restaurants in total this year, up from prior guidance of 64 to 68 restaurants. Cava ( CAVA ) continues to expect full-year adjusted EBITDA of $152 million to $159 million.

Cava ( CAVA ) executives will further discuss the quarter on an earnings call scheduled for 5 p.m. ET.

CAVA Price Action: Cava ( CAVA ) shares were down 22.45% in after-hours Tuesday, trading at $65.53 at the time of publication, according to Benzinga Pro.

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