After the market closes, Cava is expected to report lower 1Q year-over-year traffic but healthy gains in average ticket after prices increased 2.5% to 3% in January and customers started buying more premium bowls and bowl add-ons, William Blair analysts Sharon Zackfia and Matthew Curtis say in a research note.

They are modeling a low single-digit percentage decline in traffic and a 3% to 4% increase in average ticket, though that could prove conservative as there was a more significant shift toward premium products throughout 2023. With Cava adding 22% more units during the quarter, total sales are expected to be up 20%, the analysts say.