On May 20, CAVA Group rose 10.84% in regular trading, trading at $82.02/share, with trading volume of $115 million. The surge was driven by the company's first-quarter earnings report, which significantly exceeded Wall Street expectations on both revenue and profitability, coupled with an upward revision to full-year guidance.

Specifically, CAVA reported Q1 earnings of $0.20 per share, beating the analyst consensus estimate of $0.17 by 17.65%. Quarterly revenue came in at $438.3 million, up approximately 32% year-over-year from $331.8 million, substantially surpassing the expected $418.5 million. Same-store sales grew 9.7% with notable traffic increases. CEO Brett Schulman highlighted that the company's strategy of maintaining price stability on popular items — such as its $11.67 grilled chicken bowl — has attracted more low-income consumers and younger demographics, reversing customer attrition seen last year. Morgan Stanley raised its price target from $85 to $86, while the average analyst target stands at $93.11.

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