Tricia Tolivar on full-year guidance
From $CAVA CAVA Group Q1 2026 Earnings Conference Call · · EARNMOAR
“We are raising our guidance to expect 75 to 77 net new Cava restaurant openings, same restaurant sales of 4.5% to 6.5%, Cava restaurant level profit margin between 23.7% and 24.3%, pre-opening costs between 22 million and 22.5 million, and adjusted EBITDA, including the burden of pre-opening costs, between 181 million and 191 million.”
On , Tricia Tolivar, Chief Financial Officer at CAVA GROUP INC, spoke about full-year guidance 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.