
Cava Group Inc. reported fourth-quarter 2024 earnings with revenue of $227.4 million, surpassing the $223.9 million estimate and reflecting a 28.3% year-over-year increase. Excluding the 53rd week of fiscal 2023, revenue grew by 36.8%. Same restaurant sales grew by 21.2%, and adjusted EBITDA reached $25.1 million, up 60% year-over-year. Net income for the quarter was $78.6 million, while adjusted earnings per share (EPS) came in at $0.05, slightly below the $0.06 estimate. GAAP EPS was reported at $0.66. The company also reported strong operational performance, including 15 new store openings, exceeding projections. For fiscal year 2025, Cava provided guidance with adjusted EBITDA expected between $150 million and $157 million, below the $163.83 million consensus estimate. Same restaurant sales growth is projected at 6-8%, and the company plans to open 62-66 new restaurants. Revenue for FY25 is expected to grow approximately 10% over 2024 levels. Despite the strong quarterly performance, Cava's stock declined by 7% in post-market trading, potentially reflecting investor concerns over conservative fiscal year guidance.
Cava Earnings Breakdown ( $CAVA ) RESULTS ๐ข Revenue: $227M (est $223M) ๐ข EBITDA: $25M (est $24M) ๐ข EPS: $0.66 (est $0.07) GUIDE ๐ด FY'25 EBITDA: $154M (est $163M)
CAVA Group, $CAVA, 4Q-24. Results: ๐ Adj EPS: $0.05 ๐ด ๐ฐ Revenue: $225.10M ๐ข ๐ Net Income: $78.62M ๐ 4Q revenue grew 28.3% YoY, with Same Restaurant Sales Growth of 21.2%.
$CAVA (-6.8% AH) beat on most 4Q metrics but gave its normal conservative start of year guidance for FYโ25. I expect stock to recover as investors view FYโ25 guidance as very achievable. 4Q: - SSS Comps 21.2% vs 17.7% est - Store openings 15 vs 13.9 est - Revs $227.4M vsโฆ



