Cava Group eyes earnings growth and Northern California expansion

Cava Group, the Mediterranean fast-casual restaurant chain, is preparing to report its second-quarter earnings on August 11. Analysts are projecting revenue growth of 28.3% to approximately $360.1 million, with earnings per share expected to rise to $0.18. While the company has seen explosive growth since its 2023 IPO, recent momentum has faced pressure from inflation and broader industry pullbacks.

In terms of physical expansion, Cava has confirmed it will debut its first Northern California location at Santana Row in San Jose next year. Following a social media vote, the company also plans to open two additional outposts closer to San Francisco. This expansion is part of a long-term goal to reach 1,000 restaurants by 2032. The company currently operates in 28 states and maintains a presence in major supermarkets.