Slide 1: Q1 2026 Earnings Supplemental
Q1 2026 Earnings Supplemental May 19th, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward - Looking Statements This presentation contains forward - looking statements, within the meaning of the Private Securities Litigation Reform Act of 199 5, that reflect our current views with respect to, among other things, our operations and financial performan
Slide 3: Our Mission
OUR MISSION To bring heart, health, and humanity to food. WE BELIEVE IN: Serving delicious food that helps more people eat well and live well. Taking care of the people and things that feed us: the earth, farmers, purveyors, and team members. Food as a unifier, for a more diverse yet inclusive world
Slide 4: Q1 2026 Results
Q1 2026 RESULTS Same Restaurant CAVA Revenue Sales (SRS%) $434.4M 9.7% +32.2% versus Q1 2025 Traffic Growth 6.8% CAVA Restaurant Level Profit Margin Adjusted EBITDA* $61.7M 25.1% $108.9M CAVA +37.6% versus Q1 2025 Restaurant Level Profit Free Cash Flow* Net Income $23.6M $15.5M Cash from Operations
Slide 5: Q1 2026 Business Highlights
Q1 2026 • CAVA Revenue up BUSINESS HIGHLIGHTS 32.2 % YoY • 9.7% SRS% growth CAVA Revenue (in millions) Same Restaurant Sales • 6.8% traffic growth $434.4 10.8% $328.5 9.7% $278.2 $289.8 $272.8 • 20 Net New CAVA 2.1% 1.9% Restaurant Openings 0.5% • 20.2% increase in total Q1 '25 Q2 '25 Q3 '25 Q4 '25
Slide 6: 2026 Strategic Pillars
2026 STRATEGIC PILLARS Expand Our Mediterranean Way in Communities Across The Country Develop Personal Relationships with Guests, Even As We Scale Run Great Restaurants, Every Location, Every Shift Operate as a High-Performing Team
Slide 7: Glazed Salmon Launch
GLAZED SALMON LAUNCH A new, craveable, protein - packed main featuring bold Mediterranean flavor with endless ways to make it your own and elevate your meals A few guest feelings… “Been asking for this for years! ” Glazed Salmon “Tried it yesterday, and paired with that yogurt dill ” “Brain food ” S
Slide 8: Athlete-Inspired Bowls
ATHLETE-INSPIRED BOWLS CAVA teamed up with NIL stars Azzi Fudd and Yaxel Lendeborg to bring limited - time, digital - exclusive bowls that brought together ingredients designed for fans looking for a flavorful pre - or post - game meal Azzi Fudd and ‘Azzi’s Game Day Bowl’ Yaxel Lendeborg and ‘Yaxel’
Slide 9: 2026 Fiscal Year Outlook
2026 FISCAL YEAR OUTLOOK PRIOR GUIDANCE UPDATED GUIDANCE Net New Restaurant Openings: 74 - 76 Net New Restaurant Openings: 75 - 77 CAVA Same Restaurant Sales Growth: 3.0% - 5.0% CAVA Same Restaurant Sales Growth: 4.5% - 6.5% CAVA Restaurant - Level Profit Margin: 23.7% - 24.2% CAVA Restaurant - Leve
Slide 10: Adjusted EBITDA & Free Cash Flow Reconciliation
ADJUSTED EBITDA & FREE CASH FLOW RECONCILIATION Q1 FY Q4 Q3 Q2 Q1 Adjusted EBITDA Reconciliation, $000s 2026 2025 2025 2025 2025 2025 Net income $23,566 $63,743 $4,921 $14,747 $18,368 $25,707 Interest income, net (4,082) (15,045) (3,272) (3,575) (3,581) (4,617) Provision for (benefit from) income ta
Slide 11: Thank You!
CAVA THANK YOU!