CAVA sustained same-store sales growth in Q4

Core Insights - CAVA has surpassed $1 billion in revenue and achieved its strongest new restaurant opening class to date during its 15th anniversary [1] - The company opened 24 new restaurants in Q4 and 72 throughout the year, resulting in significant market share gains [2] Financial Performance - CAVA reported a 21.2% increase in Q4 revenue, reaching $272.8 million, with same-store sales up 0.5% [3] - For the full year, same-store sales increased by 4%, while restaurant-level profit margin was 21.4% [3] - Adjusted EBITDA was $25.8 million, and net income stood at $4.9 million [3] Pricing Strategy - A 1.4% menu price increase was implemented in January, with no further price increases expected for the year [4] - CAVA has taken less than half the price increases compared to industry peers, maintaining a pricing strategy that underprices the Consumer Price Index by over 10% [5] Growth and Expansion - CAVA plans to enter new markets in the Midwest, including Cincinnati, Columbus, St. Louis, and Minneapolis, aiming for at least 1,000 locations nationwide by 2032 [5] - The company ended 2025 with 439 restaurants [5] Customer Engagement - A new tiered loyalty program launched in October has enhanced customer engagement, with an invite-only tier called Oasis to recognize the most loyal guests [6]