CAVA Hits $1B in Revenue, Targets Midwest Expansion

The fast-casual Mediterranean chain plans to reach 1,000 restaurants nationwide by 2032.

Published on Feb. 25, 2026

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CAVA, the fast-casual Mediterranean restaurant chain, reported strong fourth-quarter and full-year 2025 results, including surpassing $1 billion in revenue and recording its strongest new restaurant opening class to date. The company plans to expand into new Midwest markets in 2026, with a goal of reaching 1,000 restaurants nationwide by 2032.

Why it matters

CAVA's continued growth and expansion into new markets demonstrates the strong consumer demand for its Mediterranean-inspired menu and value proposition. As the industry faces price discounting, CAVA has taken a more conservative approach to pricing, which has helped build trust with its customers and strengthen the long-term foundation of the brand.

The details

In Q4 2025, CAVA reported a 21.2% increase in revenue to $272.8 million, with same-store sales up 0.5% (lapping 21.2% from Q4 2024). The company opened 24 new restaurants in Q4 and 72 for the full year. Restaurant-level profit margin was 21.4%, while adjusted EBITDA was $25.8 million and net income was $4.9 million. CAVA implemented a 1.4% menu price increase in January 2026 and does not expect any additional price increases this year.

  • CAVA surpassed $1 billion in revenue in 2025.
  • CAVA opened 24 new restaurants in Q4 2025 and 72 for the full year.
  • CAVA implemented a 1.4% menu price increase in January 2026.

The players

Brett Schulman

Chief executive officer and co-founder of CAVA.

Tricia Tolivar

Chief financial officer of CAVA.

Doug Thompson

New chief operations officer of CAVA.

CAVA

A fast-casual Mediterranean restaurant chain.

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What they’re saying

“We believe our momentum reflects more than just expansion. It signals that our value proposition is resonating with today's increasingly discerning consumer.”

— Brett Schulman, Chief executive officer and co-founder (yahoo.com)

“Today's industry environment is dominated by price discounting, a reflection of many brands who aggressively raised prices in recent years. In recent years, we've taken less than half the price increases of industry peers, while underpricing (the Consumer Price Index) by over 10%. It's these intentional decisions that reinforce trust with our guests and strengthen the long-term foundation of our brand.”

— Brett Schulman, Chief executive officer and co-founder (yahoo.com)

“Oasis gives our most engaged members access to enhanced earning opportunities, additional perks, exclusive merchandise, and special events throughout the year. This tier is another example of how we will utilize our new loyalty architecture to lean into more tailored and personalized guest experiences over time.”

— Brett Schulman, Chief executive officer and co-founder (yahoo.com)

What’s next

CAVA plans to enter new Midwest markets in 2026, including Cincinnati and Columbus, Ohio, St. Louis, and Minneapolis, with a target of reaching 1,000 restaurants nationwide by 2032.

The takeaway

CAVA's focus on conservative pricing, menu innovation, and personalized customer experiences has helped the brand build trust and loyalty with its customers, positioning it for continued growth and expansion in the competitive fast-casual dining landscape.