CAVA Group Inc. (CAVA) experienced a significant after-hours surge, with its stock price soaring 5.94% following the release of its first-quarter financial results.

The sharp move was driven by the company reporting quarterly earnings and revenue that handily exceeded analyst expectations. CAVA posted earnings per share of $0.20, beating the consensus estimate of $0.17, while revenue of $438.27 million surpassed the forecast of approximately $411 million. Same-restaurant sales growth of 9.7% also significantly outperformed expectations.

Furthermore, the Mediterranean restaurant chain raised its full-year outlook, increasing its guidance for same-restaurant sales growth and adjusted EBITDA. The company attributed its strong performance to resilient consumer demand for its value-focused offerings and noted it plans to absorb higher input costs to maintain its affordable pricing, a strategy that is driving customer traffic.