(Updates with the stock move in the headline and the first paragraph.)
CAVA (CAVA) shares were up over 11% in Wednesday's premarket activity after the company reported higher-than-expected Q2 earnings and sales that also beat market expectations.
The company reported fiscal Q2 earnings late Tuesday of $0.19 per diluted share, up from $0.16 a year earlier.
Analysts polled by FactSet expected $0.18.
Revenue for the 12 weeks ended July 12 was $368.4 million, up from $280.6 million a year earlier.
Analysts expected $360.1 million.
For the full year 2026, the company reaffirmed its same-restaurant sales growth outlook of 4.5% to 6.5%.
Price: $68.02, Change: $+7.21, Percent Change: +11.86%