What drove CAVA's EPS growth in Q2 2024?

CAVA's EPS growth in Q2 2024 was driven by several key factors: 1. **Revenue Surge**: CAVA's revenue increased by 30.3% year-over-year to $256.3 million in Q1 2024, surpassing the consensus estimate of $245.94 million. This significant increase in revenue contributed to the EPS growth. 2. **New Restaurant Openings**: The company opened 14 net new restaurants in Q1 2024 and plans to open 50-54 more by the end of FY2024. New restaurant openings have supported growth and contributed to the company's revenue and EPS growth. 3. **Same-Restaurant Sales Growth**: CAVA reported a 2.3% increase in same-restaurant sales, driven by a 3.5% increase in menu prices and product mix. This growth in same-restaurant sales has positively impacted the EPS. 4. **Menu Innovation and Advertising**: CAVA has seen growth in advertising, menu innovation, and digital sales, which have contributed to the SSS growth in the near-to-medium-term. These factors have likely played a role in the company's revenue and EPS growth. In summary, CAVA's EPS growth in Q2 2024 was driven by a combination of revenue surge, new restaurant openings, same-restaurant sales growth, and menu innovation and advertising.