The post Cava (CAVA) Q1 2025 earnings appeared on BitcoinEthereumNews.com.

A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting same-store sales growth of 10.3%. “When we look at our consumers in the quarter, we saw an increase in premium attachment on higher priced items, like our pita chips or amazing housemade juices. We also saw that our per person average continued to increase, and then when we look at our results, there’s positive traffic across all of our geographies, across all of our income cohorts, as well as the different formats of our restaurants and dayparts,” CFO Tricia Tolivar told CNBC. She added that diners have been trading up from fast food and down from casual-dining restaurants into Cava’s bowls and pitas, a trend that the company has seen for several quarters. Elsewhere in the restaurant industry, companies have been reporting very different behavior from consumers, although many companies’ results didn’t include any time in April, when the industry’s sales and traffic performance improved. Fast-casual rival Chipotle said its transactions fell 2.3% in the first quarter as consumers pulled back their spending in February, spooked by economic uncertainty. Sweetgreen reported its first quarterly same-store sales decline since it went public in 2021. And McDonald’s CEO Chris Kempczinski said fast-food industry data showed both low- and middle-income consumers spending less; the burger giant said U.S. same-store sales declined 3.6% for the first quarter. Despite the strong quarterly performance, Cava reiterated its same-store sales forecast, sticking with its…

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Filed under: News - @ May 15, 2025 8:24 pm