Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 26

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 26
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 income$18,368 $19,741 $(1,373)$44,075 $33,734 $10,341 Adjusted EBITDA3$42,104 $34,348 $7,756 $86,954 $67,665 $19,289 Adjusted Net Income3$18,368 $16,788 $1,580 $44,075 $28,729 $15,346 Net income margin6.5 %8.5 %(2.0)%7.2 %6.8 %0.4 %Adjusted EBITDA margin315.0 %14.7 %0.3 %14.2 %13.7 %0.5 %Adjusted Net Income margin36.5 %7.2 %(0.7)%7.2 %5.8 %1.4 %

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1    To achieve an optimal comparison of fiscal weeks in the CAVA Same Restaurant Sales Growth calculation in fiscal 2024, giving consideration to holiday periods, each week of fiscal 2023 was shifted by one week. As a result of this shift, approximately $3.8 million of revenue is not included in CAVA Same Restaurant Sales Growth for the twenty-eight weeks ended July 14, 2024. Had this shift not been made, CAVA Same Restaurant Sales Growth would have been 9.0% in the twenty-eight weeks ended July 14, 2024 and immaterially impacted in the twelve weeks ended July 14, 2024.

2    Presented on a trailing thirteen period basis. For purposes of calculating CAVA AUV for the reporting period ended July 13, 2025, the applicable measurement period is the trailing thirteen periods ended July 13, 2025. For the reporting period ended July 14, 2024, the applicable measurement period is the trailing thirteen periods ended July 14, 2024, excluding the 53rd week of fiscal 2023.

3    See “Non-GAAP Financial Measures” below for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin and reconciliations of Adjusted EBITDA and Adjusted Net Income to net income, the most directly comparable GAAP measure. Adjusted EBITDA margin is Adjusted EBITDA as a