Cava cuts full-year forecast for the second straight quarter as younger consumers visit its restaurants less frequently. Fast-casual rival Chipotle Mexican Grill also reported similar behavior from the same age cohort. Cava now projects same-store sales to increase 3% to 4%, down from the previous outlook of 4% to 6%. Cava shares fell 5% in extended trading and have tumbled 54% this year.

Cava’s same-store sales rose 1.9%, falling short of Wall Street’s expectations of 2.8%. Despite slower growth, Cava is gaining market share, especially among low-income consumers. Net sales climbed 20% to $292.2 million, fueled by new restaurant openings. Cava reported fiscal third-quarter net income of $14.7 million, or 12 cents per share, down from a year earlier.

Read more at CNBC: Cava (CAVA) Q3 2025 earnings