$Cava(CAVA.US) -11% AH after 3Q results missed ests, and FY’26 guidance fell short. The company blamed the impact of th…
$Cava(CAVA.US) -11% AH after 3Q results missed ests, and FY’26 guidance fell short. The company blamed the impact of this summer’s nationwide outbreak of Cyclospora and broader concerns around fresh produce consumption.
3Q:- SSS 3.1% vs 3.3% est- Revs $356.4M vs 358.7M est- Restuarant margins 23.4% vs 23.64% est- Adj EBITDA $42.3M vs $44.1M est- Adj EPS $.11 vs $.12 esFY’26 guide:- SSS 6-7% vs 6.6% est (prior guide was 4.5%-6.5%)- Adj EBITDA $184-$189M vs $190M est and $181-$191M prior guideAt FY’26 P/E of 114x vs forward rev growth of +18% and Adj eps growth of +32%, CAVA is not cheap. Mgmt is not offering a favorable 4Q outlook despite new salmon bowl and barbecue pita chips intros.The copyright of this article belongs to the original author/organization.
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