Cava Group (CAVA) Q3 FY2026 earnings: revenue $356 million, up 22.0% on the year

Cava Group, Inc. (CAVA) reported revenue of $356 million for Q3 FY2026, the quarter ended 4 October 2026, up 22.0% on the same quarter a year earlier. Net income was $13 million, down 10.5% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$356 million

+22.0% on the year · -3.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

4.2%

5.9% a year earlier

Q4 FY2024Q3 FY2026

Net income

$13 million

-10.5% on the year · -42.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.11

-8.3% on the year · -42.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 2 narrowed.

CAVA Revenue grew 22.1%: CAVA Revenue rose 22.1% to $353.7 million from $289.8 million a year earlier, with 3.1% Same Restaurant Sales growth alongside the new restaurant base.
Newer restaurants exceed expectations: Management said the 102 net new openings during or after the third quarter of fiscal 2025 are exceeding its performance expectations and drove the revenue increase.
Adjusted EBITDA rose 5.7%: Adjusted EBITDA was $42.3 million, or 11.9% of revenue, against $40.0 million a year earlier, a non-GAAP measure reconciled in the release.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	356	368	292	-3.3%	+22.0%
Cost of revenue	272	273	220	-0.3%	+23.8%
Gross profit	84.3	95.6	72.4	-11.8%	+16.5%
Gross margin	23.7%	25.9%	24.8%
Selling, general and administrative	38.1	39.8	31.5	-4.3%	+20.9%
Operating income	15.0	26.8	17.1	-44.1%	-12.4%
Operating margin	4.2%	7.3%	5.9%
Pre-tax income	18.7	30.6	20.7	-38.9%	-9.6%
Income tax	5.5	7.6	5.9	-27.5%	-7.4%
Effective tax rate	29.3%	24.7%	28.6%
Net income	13.2	23.0	14.7	-42.7%	-10.5%
Net margin	3.7%	6.2%	5.0%
Diluted EPS	$0.11	$0.19	$0.12	-42.1%	-8.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	47.1	70.5	45.6	-33.2%	+3.1%
Capital expenditure	54.8	41.2	44.3	+33.1%	+23.7%
Free cash flow	-7.7	29.3	1.4
Free cash flow margin	-2.2%	8.0%	0.5%
Cash from investing	-72.1	-46.9	-51.4
Cash from financing	0.1	3.5	0.1	-95.8%	+0.7%
Depreciation and amortisation	21.3	21.0	17.6	+1.5%	+20.7%
Share-based compensation	4.5	5.7	3.3	-21.1%	+36.4%
Diluted shares, weighted	118m	118m	118m	-0.1%	+0.0%
Shares outstanding at period end	117m	117m	116m	+0.0%	+0.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	859	841	769	+2.1%	+11.7%
Debt	0.0	0.0	0.0
Operating lease liabilities	480	465	395	+3.1%	+21.5%
Other liabilities	194	193	158	+0.6%	+22.8%
Total liabilities and equity	1,533	1,500	1,322	+2.2%	+16.0%
Fixed assets	538	507	439	+6.0%	+22.4%
Goodwill	1.9	1.9	1.9	0.0%	0.0%
Intangible assets	1.7	1.8	1.8	-0.7%	-2.8%
Securities held for sale or to maturity	130	113	103	+15.2%	+26.1%
Cash and equivalents	298	323	285	-7.7%	+4.7%
Receivables	10.2	10.1	7.6	+0.3%	+33.2%
Inventory	9.8	9.8	8.6	-0.2%	+14.0%
Other assets	544	533	475	+1.9%	+14.5%
Total assets	1,533	1,500	1,322	+2.2%	+16.0%

Questions

What was Cava Group's revenue in Q3 FY2026?

Cava Group (CAVA) reported revenue of $356 million for Q3 FY2026, the quarter ended 4 October 2026, up 22.0% on the same quarter a year earlier.

How much did Cava Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $13 million, down 10.5% on the year, and diluted earnings per share $0.11.

When did Cava Group report Q3 FY2026 results?

Cava Group filed its 10-Q for the quarter ended 4 October 2026 with the SEC on 5 November 2026.

Quarterly results, the last 17 quarters

	Q2 FY2022	Q3 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	136	139	203	173	176	177	259	233	244	227	332	281	292	275	438	368	356
Cost of revenue	110	113	153	127	131	137	194	171	181	176	248	206	220	216	327	273	272
Gross profit	25.6	26.4	50.6	45.4	44.5	39.9	65.4	62.4	62.6	51.4	84.1	74.7	72.4	59.4	111	95.6	84.3
Gross margin	19%	19%	25%	26%	25%	23%	25%	27%	26%	23%	25%	27%	25%	22%	25%	26%	24%
SG&A	16.3	16.5	29.0	23.3	24.5	24.7	33.8	28.3	29.8	28.5	41.4	32.1	31.5	32.5	51.6	39.8	38.1
Operating income	-8.3	-12.2	-2.3	5.8	2.8	-1.6	9.3	16.1	13.8	4.0	15.7	19.6	17.1	2.8	25.3	26.8	15.0
Operating margin	-6%	-9%	-1%	3%	2%	-1%	4%	7%	6%	2%	5%	7%	6%	1%	6%	7%	4%
Pre-tax income	-8.2	-11.9	-2.1	6.6	6.9	2.7	14.2	20.0	17.9	7.7	20.4	23.7	20.7	6.1	30.0	30.6	18.7
Tax rate	n/a	n/a	n/a	1%	1%	24%	2%	1%	-0%	-917%	-26%	22%	29%	19%	22%	25%	29%
Net income	-8.2	-11.9	-2.1	6.5	6.8	2.0	14.0	19.7	18.0	78.6	25.7	18.4	14.7	4.9	23.6	23.0	13.2
Net margin	-6%	-9%	-1%	4%	4%	1%	5%	8%	7%	35%	8%	7%	5%	2%	5%	6%	4%
Diluted EPS	-$6.23	-$8.96	-$1.30	$0.21	$0.06	$0.02	$0.12	$0.17	$0.15	$0.66	$0.22	$0.16	$0.12	$0.04	$0.20	$0.19	$0.11
Operating cash flow	n/a	6.7	25.7	21.4	26.0	24.0	38.4	48.9	43.9	29.9	38.6	60.3	45.6	40.3	64.1	70.5	47.1
Capital expenditure	n/a	26.1	39.1	33.4	35.1	31.2	33.7	26.2	20.5	27.7	35.9	41.1	44.3	37.4	48.6	41.2	54.8
Free cash flow	n/a	-19.5	-13.4	-11.9	-9.1	-7.2	4.7	22.7	23.4	2.1	2.7	19.2	1.4	2.9	15.5	29.3	-7.7
Buybacks	n/a	0.0	n/a	n/a	0.1	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	114m	114m	114m	114m	114m	114m	114m	114m	115m	115m	116m	116m	116m	116m	116m	117m	117m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

10-Q for the period ended 4 October 2026, filed 5 November 2026: the filing.