Cava: Rapid Growth but Some Concerns

Here's our initial take on Cava's (CAVA -0.07%) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue$256.3 million$328.5 million28%BeatEarnings per share$0.12$0.2283%BeatAdjusted EBITDA$33.3 million$44.9 million35%n/aRestaurant count32338218%n/aStrong Headline Numbers but Margin PressuresOn the headline numbers, Cava's first-quarter earnings report looks great. The fast-casual restaurant brand reported revenue and earnings that both handily beat expectation ...