CAVA Group reports second quarter 2024 results

CAVA Group, Inc. (NYSE: CAVA) (“CAVA Group” or the “Company”), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health and humanity to food, today announced financial results for its second fiscal quarter ended July 14, 2024.

“Our second quarter results continued to demonstrate the strength of our category-defining brand and unique and compelling value proposition,” said Brett Schulman, co-founder and CEO. “During the quarter, we grew traffic by 9.5%, opened 18 net new restaurants and, driven by the strength of our unit economics engine, generated average unit volume of $2.7 million. Additionally, we launched our new grilled steak entree, once again showcasing our excellence in culinary innovation. Grilled steak is significantly outperforming our expectations and giving guests another reason to visit CAVA and return again.”