CAVA · PEAD ↑ 80

CAVA Group reported Q2 2026 EPS of $0.19 on 2026-08-11, beating the $0.18 consensus by $0.01 (+5.6%).

Print-day reaction was -1.3% versus the prior close, a muted intraday fade on the earnings date itself. The overnight gap to the T+1 open was a decisive +14.2%, signalling strong after-hours conviction that overwhelmed the on-day softness. Over the following two trading days (T+1 through T+3) the stock drifted an additional +7.1%, with no mean-reversion — the move compounded into a total 3-day return of +20.9%. Cumulative abnormal return of +20.4% versus SPY.US puts this firmly in PEAD long territory; per the documented drift pattern, the read holds through 2026-11-06.