CAVA's EBITDA Growth Lags Revenues: Investment Phase or Margin Risk?

Key Takeaways CAVA's Q4 revenues rose 21.2% year over year, while adjusted EBITDA increased 2.6%.CAVA faced higher preopening and operating costs tied to new restaurant growth.CAVA expects 2026 margins to face pressure from salmon and elevated opening costs.CAVA Group, Inc. (CAVA) closed fiscal 2025 with strong revenue momentum, though EBITDA growth trailed, reflecting limited near-term flow-through. Fiscal fourth-quarter revenues increased 21.2% year over year to approximately $273 million, supported by un ...