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Cava Group (CAVA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Cava Group (CAVA) Q3 2026 earnings results →
Q3 2026 Revenue up 22% year over year to $356M · 4¢ of every $1 of revenue kept as net profit · operating margin 4.2%
Cava Group made $356M in Q3 2026 (+22% Y/Y): Restaurant revenue $354M, CPG revenue and other $2.7M. Operating margin 4.2%, net earnings $13.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $356.4M in Q3 2026, up 22% year over year and down 3% from the previous quarter. Restaurant revenue was the largest line at 99% of revenue. Restaurant revenue added $63.9M year over year (up 22%), 100% of the total change.
Operating profit was $15.0M, a 4.2% margin (down 1.6 points year over year). Operating profit fell $2.1M even though revenue rose $64.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 24% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $13.2M, down 11% year over year. The effective tax rate was 29.3%.
Operating cash flow was $47.1M (up 3% year over year), 357% of net earnings. Non-cash charges added back $21.3M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $8.1M. Capital expenditures of $54.8M exceeded it, leaving free cash flow of −$7.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $356M | +22% | 4.2% | $13.2M | $47.1M |
| Q2 2026 | 10-Q | Aug 12, 2026 | $368M | +31% | 7.3% | $23.0M | $70.5M |
| Q4 2025 | 10-K | Feb 25, 2026 | $275M | +21% | 1.0% | $4.9M | $40.3M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $292M | +20% | 5.9% | $14.7M | $45.6M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $281M | +20% | 7.0% | $18.4M | $60.3M |
| Q4 2024 | 10-K | Feb 26, 2025 | $227M | +28% | 1.7% | $78.6M | $29.9M |
Charts
Interactive views
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Cava Group
CAVA Group, Inc. (together with its wholly owned subsidiaries, referred to as the “Company,” “CAVA,” “we,” “us,” and “our,” unless specified otherwise) was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28, 2025, we operate 439 fast-casual CAVA Restaurants in 28 states and Washington, D.C. The Company’s authentic Mediterranean cuisine unites taste and health, with a menu that features chef-curated and customizable bowls and pitas. We centrally produce our dips, spreads, and certain dressing bases for use in our restaurants while also selling our dips, spreads, and prepared dressings in grocery stores.
In its own words, from its 10-K, filed Feb 25, 2026.
Cava Group against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +8%. Operating margin: 4.2% against the peers' median 13.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CAVA Cava Group | Q3 2026 | $356M | +22% | 4.2% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: Cava Group 10-Q on SEC EDGAR · CIK 1639438 · Retail-Eating Places
Guidance and outlook
13F: who owns CAVA and who is buying
More on CAVA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q4 2024 results