Cava (NYSE:CAVA), the fast-casual Mediterranean restaurant chain, reported record-breaking revenue for fiscal year 2025 on Tuesday and forecast sales growth for fiscal year 2026.
Shares gained $13.69, or 20.2%, to $81.49.
“While there are a lot of factors around us that are creating pressures from a margin perspective, our model has allowed us to be very thoughtful and minimize price increases to our guests and to consumers in general, which really helps elevate our value perception,” CFO Tricia Tolivar told reporters.
Though the company said last quarter that it saw a pullback among younger consumers, Tolivar said that trend came to an end in the final three months of its fiscal year.
“We actually saw firming in that category, and overall [we’re] seeing improvement in our trends across income cohorts, age cohorts, different parts of the country,” Tolivar said. “And in fact, we believe there’s a little bit of a bridge that we’ve been able to create in this K-shaped economy, where we want to be accessible for everyone, and we’re doing our best to ensure that our amazing culinary and incredible hospitality is there for all customers across the country.”
She added that some of Cava’s best performing restaurants are in markets where median household incomes are lower.
Related Stories
