CAVA (US:CAVA) Businesswire·2025-11-04 21:10Core Insights - CAVA Group reported a revenue growth of 20.0% year-over-year, reaching $289.8 million for the third quarter of fiscal 2025, driven by new restaurant openings and same restaurant sales growth of 1.9% [4][6][8] - The company opened 17 net new restaurants during the quarter, increasing the total number of CAVA restaurants to 415, a 17.9% increase year-over-year [6][27] - CAVA's restaurant-level profit margin was 24.6%, a slight decrease from 25.6% in the same quarter of the previous year, attributed to higher operating costs and a mix of third-party delivery [5][6] Financial Performance - Revenue for the third quarter of fiscal 2025 was $289.8 million, up from $241.5 million in the prior year quarter, marking a 20.0% increase [4][6] - Same restaurant sales growth was 1.9%, primarily driven by menu price adjustments and product mix, with guest traffic remaining flat [4][6] - Restaurant-level profit was $71.2 million, reflecting a 15.1% increase compared to the prior year quarter [6][8] Operational Highlights - CAVA's average unit volumes (AUV) for the 2025 cohort are trending above $3 million, indicating strong productivity from new restaurant openings [2][6] - Digital revenue accounted for 37.6% of total revenue, showcasing the company's successful integration of digital sales channels [6] - General and administrative expenses were $31.5 million, or 10.8% of revenue, down from 12.2% in the same quarter of the previous year, reflecting improved operational efficiency [7][8] Future Outlook - CAVA Group updated its fiscal full-year 2025 guidance, maintaining expectations for net new restaurant openings between 68 to 70 and adjusting same restaurant sales growth to 3.0% to 4.0% [11] - The company anticipates a restaurant-level profit margin of 24.4% to 24.8% and adjusted EBITDA of $148.0 million to $152.0 million for the full year [11]