Cava’s numbers came in hot, Chewy got clipped

Cava’s Mediterranean machine keeps humming

Cava showed up to the earnings party with the good stuff: revenue, adjusted EPS, same-restaurant sales, traffic — basically the whole spread. For the quarter, the company said revenue hit $438.27 million and adjusted earnings came in at 20 cents per share, both ahead of expectations. That’s the kind of beat that tells investors the growth story is still alive and well, not just a one-quarter fever dream.

The real flex: guidance

What really gets investors leaning forward is the raised outlook. Cava now sees fiscal 2026 same-restaurant sales growth of 4.5% to 6.5% and adjusted EBITDA of $181 million to $191 million, while planning to open 75 to 77 new spots this year. In restaurant land, that’s the equivalent of saying: “We’re not just busy, we’re scaling.”

The company also said it opened 20 new restaurants during the quarter, bringing its total to 459. Cash and cash equivalents ended at $295.77 million, which gives it a little extra cushion if the macro weather gets choppy.

The rest of the watchlist

This roundup had a few other names blinking on traders’ screens:

• Chewy got hit hard, falling 9.11% after Citigroup kept its buy rating but cut its price target to $37. Not exactly the kind of pep talk that makes a stock feel loved.
• Keysight Technologies reported a clean beat of its own, with record orders, revenue, EPS, and free cash flow — plus an upbeat fiscal 2026 outlook.
• Nvidia slipped a bit as investors stayed glued to its upcoming earnings report, where the bar is still somewhere in the stratosphere.
• Meiwu Technology ripped higher after a private financing deal to fund an AI skincare platform, because apparently every company now wants a slice of the AI buffet.

Big picture: Cava’s update is the most direct catalyst here, but the whole watchlist is a reminder that in this market, good numbers get rewarded, guidance matters even more, and one analyst note can still make a dog food stock bark.