Cava Jumps 7% Premarket as Q1 Earnings and 2026 EBITDA Outlook Top Estimates

7 articles · Updated · CNBC · May 20

Cava rose nearly 7% before the open after lifting full-year adjusted EBITDA guidance to $181 million-$191 million and posting first-quarter results above Wall Street forecasts.
The chain earned 20 cents a share on $438 million in revenue, topping analyst estimates of 18 cents and $411 million, while the new EBITDA range exceeded its prior $176 million-$184 million outlook.
Retail earnings also drove moves: TJX gained 4% and Target nearly 2% after beats, while Lowe's slipped almost 2% despite reaffirming guidance as it flagged a tough housing backdrop.
Housing and restaurants were mixed elsewhere, with Toll Brothers up 3% on stronger-than-expected quarterly profit and revenue and Red Robin surging more than 9% after an earnings beat.
Chip stocks rebounded, lifting the SOXX ETF more than 2% and Nvidia 1.5% ahead of results later Wednesday, while cybersecurity names gave back recent gains.

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