Filing Flows › Cava Group (CAVA) › Q3 2026 › vs Q2 2026
Cava Group (CAVA) Q3 2026 vs Q2 2026 (quarter over quarter)
Cava Group's revenue fell $12.0M (-3%) from $368M in Q2 2026 to $356M in Q3 2026. The biggest changes: Restaurant revenue −$11.7M (-3%); CPG revenue and other −$286K (-10%). Operating margin 4.2% against 7.3% (-3.1 pts).
Cava Group, Q3 2026: revenue $356M (+22% year over year), operating margin 4.2%, net earnings $13.2M, operating cash flow $47.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.2% | 7.3% | -3.1 pts |
| Net margin | 3.7% | 6.2% | -2.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Restaurant revenue | $354M | $365M | −$11.7M | -3% |
| CPG revenue and other | $2.7M | $3.0M | −$286K | -10% |
| Revenue | $356M | $368M | −$12.0M | -3% |
| Other income, net | $3.7M | $3.7M | −$53K | -1% |
| Operating profit | $15.0M | $26.8M | −$11.8M | -44% |
| Costs & expenses | $341M | $342M | −$155K | 0% |
| Pre-tax earnings | $18.7M | $30.6M | −$11.9M | -39% |
| Cost of revenue | $272M | $273M | −$741K | -0.3% |
| SG&A | $38.1M | $39.8M | −$1.7M | -4% |
| Other operating costs | $31.2M | $28.9M | $2.3M | +8% |
| Net earnings | $13.2M | $23.0M | −$9.8M | -43% |
| Income tax | $5.5M | $7.6M | −$2.1M | -27% |
| Depreciation & amortization | $21.3M | $21.0M | $305K | +1% |
| Share-based compensation | $4.5M | $5.0M | −$494K | -10% |
| Working capital & other | $8.1M | $21.5M | −$13.4M | -62% |
| Operating cash flow | $47.1M | $70.5M | −$23.4M | -33% |
| Capital expenditures | $54.8M | $41.2M | $13.6M | +33% |
| Negative free cash flow (OCF − capex) | $7.7M | −$29.3M | $37.0M | — |
Questions
How much did Cava Group's revenue grow quarter over quarter in Q3 2026?
Cava Group's revenue fell $12.0M (-3%) from $368M in Q2 2026 to $356M in Q3 2026.
What drove Cava Group's revenue change in Q3 2026?
Restaurant revenue −$11.7M (-3%); CPG revenue and other −$286K (-10%).