Tricia Tolivar on macroeconomic outlook
From $CAVA CAVA Group Q1 2026 Earnings Conference Call · · EARNMOAR
“Our updated outlook reflects the continued strength we are seeing across the business, but remaining appropriately balanced against the current macroeconomic and consumer backdrop. We remain confident in the underlying health of the business, supported by the strength of our unit economic model.”
On , Tricia Tolivar, Chief Financial Officer at CAVA GROUP INC, spoke about macroeconomic outlook during $CAVA CAVA Group Q1 2026 Earnings Conference Call on EARNMOAR.
About Tricia Tolivar
During Cava's Q1 2026 earnings call on May 19, 2026, Chief Financial Officer Tricia Tolivar reported that the company's revenue grew 32.2% year-over-year to $434.4 million, with same-restaurant sales increasing 9.7% driven by traffic growth of 6.8%. Tolivar stated that Cava is raising its guidance for the full year 2026, expecting 75 to 77 net new restaurant openings, same-restaurant sales growth of 4.5% to 6.5%, and adjusted EBITDA between $181 million and $191 million. She also noted that the company had no debt outstanding, $403 million in cash and investments, and access to a $150 million revolving credit facility. On the call, Tolivar discussed the company's approach to managing costs and pricing. She said Cava has been focused on mitigating menu price increases and not passing inflationary pressures to guests, adding that the company has taken less than half the price increase of CPI and priced more than half below peers. Tolivar also mentioned that Cava sees opportunities to continue cost-effective marketing to elevate brand awareness, which she said had grown from 62% to 66% nationally.