Foot traffic is down over 2% YoY in August and that killed the momentum in $Cheesecake Factory(CAKE.US) $CBRL(CBRL.US) $Cava(CAVA.US) $Brinker(EAT.US)
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📢 Companies Reporting Earnings Next Week
$Keel Infrastructure(KEEL.US) $Sharplink(SBET.US) $Monday.com(MNDY.US) $Better Home & Finance(BETR.US) $Rocket Lab(RKLB.US) $AST SpaceMobile(ASTS.US) $Archer Aviation(ACHR.US) $Rapid7(RPD.US) $Hims & Hers Health(HIMS.US) $Plug Power(PLUG.US) $USA Rare Earth(USAR.US) $On Holding AG(ONON.US) $Sea(SE.US) $Etoro(ETOR.US) $Cava(CAVA.US) $Lumentum(LITE.US) $Coreweave(CRWV.US) $Super Micro Computer(SMCI.US) $Quantinuum(QNT.US) $Absci(ABSI.US) $Nebius(NBIS.US) $Whitefiber(WYFI.US) $Amcor(AMCR.US) $Coherent Corp.(COHR.US) $Cerebras(CBRS.US) $Infleqtion(INFQ.US) $Cisco(CSCO.US) $Virgin Galactic(SPCE.US) $JD.com(JD.US) $Figure Tech Solutions - CL(FIGR.US) $Intuitive Machines(LUNR.US) $Bullish(BLSH.US) $Ondas(ONDS.US) $Dlocal Uruguay(DLO.US) $Applied Materials(AMAT.US) $NU Holdings(NU.US) $Swarmer(SWMR.US)$Cava(CAVA.US) +6% AH after posting 1Q SSS well in excess of Street ests (+9.7% vs +6.0%E) on the strength of its new pomegranate Salmon dish and raising its FY’26 outlook, defying restaurant downturn fears. All 1Q metrics beat ests. CAVA +13% short interest will add to strength on the beat.
1Q actual:- SSS +9.7% vs. +6.0% est- Revs $438.3M vs. $418.2M est- Adj Ebitda $61.7M vs. $57.3M est - CAVA restaurant-level profit margin 25.1% vs. 25.0% est- Net new Cava restaurant openings 20 vs 17 est- Adj EPS $.20 vs $.17 estFY’26 guidance:- Sees SSS +4.5% to +6.5% vs +4.95% est, saw +3% to +5%- Sees Adj Ebitda $181M - $191M vs $186.9M est, previous $176M-$184M est - Sees net new Cava restaurant openings 75 to 77, vs 76 est- Sees CAVA restaurant-level profit margin 23.7% to 24.3%, vs 24.0% estCommentary:- CEO Brett Schulman: These results, which include the lap of strong prior year comparisons, speak to the structural strength of our business, the resonance of our compelling value proposition, and our position as the dominant leader in Mediterranean – all of which fuel our confidence to sustain this momentum going forward .”Conf call 5pm.