LIVELIVE: What will CAVA say during their Q2 2026 earnings call?
Franchising costs 43.5 cents. Every CAVA restaurant is company-owned. The string "franchis" appears 0 times in the entire fiscal 2025 annual report. Not in the risk factors, not in the competition section, not once. The segments are described as "all company-owned CAVA restaurants" plus CAVA Foods.
World Cup costs 32.5 cents. The tournament ran June 11 to July 19, which is almost exactly the quarter being reported, so the bucket looks obvious. CAVA ran no World Cup marketing, promotion, or tie-in. Its actual summer campaign was a three-part dinner series called the Mediterranean Summer Supper Series.
CAVA has said fiscal exactly once on every non-annual call it has held.
CAVA reports Q2 results after the close and takes questions at 5 PM. Polymarket's earnings call market has 12 words and $6,001 of turnover.
Quarter 10+ times, Fiscal 5+ times, Franchising, Prototype, Salmon, Catering, Expansion, Shrimp, Spice, Sweet Potato, Tariff, World Cup.
Quarter 10+ times costs 99.4 cents. The last six calls used the word 35, 48, 60, 48, 36, and 58 times, so there is nothing to discuss there.
Fiscal 5+ times costs 24.5 cents, and it was mentioned 6, 1, 1, 1, 5, and 1 time. The 2 readings that got to 5 are the 2 Q4 calls. Every Q1, Q2, and Q3 quarter call in the sample says the word exactly once, and always in the same CFO sentence about the full-year effective tax rate.
Consensus is revenue of $353.3m and earnings of $0.17 cents a share, against a Q2 last year that comped at just 2.1%. The stock closed at $61.58, down 27.6% over 12 months, with options pricing a move of about 11% either way.
