Cava falls after cutting FY same-store sales forecast

Shares of restaurant chain Cava Group CAVA.N fall ~2% to $51.07

CAVA cuts annual same-store sales growth forecast for the second time this year; now expects it to rise between 3% to 4%, down from a prior range of 4% to 6%

Q3 revenue of $289.8 mln misses analysts' estimates; reports adj. EPS of 12 cents

Expect ~20 basis point impact from tariffs in Q4 related to imported beef, Cava CFO Tricia Tolivar says

At least 12 brokerages cut PT on stock post results

"In the near term, CAVA is disadvantaged by an outsized Gen Z customer base where restaurant spending is struggling," TD Cowen analysts say in note

Jefferies analysts say CAVA faces near-term headwinds as it opens new stores, faces tough year-ago comparisons, and broader weakness in consumer spending,

Macroeconomic pressures on consumer spending, inflation, owner-operator model may cause earnings volatility, Piper Sandler analysts say

14 of 23 brokerages rate stock "buy" or higher, nine "hold"; their median PT is $72

Up to last close, stock has more than halved in value in 2025