CAVA Group Inc. (CAVA) shares surged 5.19% in after-hours trading on Tuesday after the Mediterranean fast-casual restaurant chain reported better-than-expected fourth-quarter results and provided an upbeat outlook for 2025 driven by continued expansion and robust same-store sales growth.

In the fourth quarter of fiscal 2024, CAVA reported revenue of $225.1 million, up 28.3% year-over-year and beating analysts' estimates of $223.3 million. This growth was fueled by the opening of 15 new restaurants during the quarter, bringing the total to 367 locations, and a strong 21.2% increase in same-store sales.

CAVA's net income soared to $78.6 million, or $0.66 per diluted share, compared to $2.0 million, or $0.02 per diluted share, in the prior-year quarter. Excluding a one-time $80.1 million tax benefit, adjusted net income was $6.5 million, or $0.05 per diluted share, exceeding estimates of $0.06 per share. Adjusted EBITDA rose 60% to $25.1 million, surpassing expectations of $23.58 million.