CAVA · PEAD → 18

CAVA Group reported Q1 2026 EPS of $0.1992 on 2026-05-19, beating the $0.17 consensus by $0.0292 (+17.2%); year-over-year comparison was not available in the current data feed.

Print-day reaction was -2.2% versus the prior close, a mild negative response to the report despite the EPS beat. The overnight gap to the T+1 open surged +11.2%, a sharp reversal of the initial sell-off suggesting after-hours reassessment of the results. Day 1-to-3 drift was nearly flat at -0.1%, leaving the stock essentially unchanged after the gap was absorbed. Cumulative abnormal return of -0.3% versus SPY.US is well within the neutral band, producing a PEAD verdict of none; the holding window runs through 2026-08-14.