Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 220

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 220
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/MOther operating expenses— — 889 23.0 (889)N/MTotal restaurant operating expenses— — 4,044 104.6 (4,044)N/MRestaurant-level loss$— — %$(177)(4.6)%$177 N/M

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N/M    data not meaningful

As of March 2, 2023, the Company no longer operates any Zoes Kitchen locations, which resulted in the decreases above.  

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Other Results

The following table summarizes remaining activity related to our CPG operations for the fiscal years indicated:

20242023Change($ in thousands)$% of Revenue$% of Revenue$%Revenue$9,440 100.0 %$7,773 100.0 %$1,667 21.4 %Food, beverage, and packaging5,002 53.0 4,080 52.5 922 22.6 Other operating expenses746 7.9 658 8.5 88 13.4 

The increases noted above were primarily a result of increased sales of dips, spreads, and dressings.

Consolidated Results

The following table summarizes our consolidated results of operations for the fiscal years indicated:

20242023Change($ in thousands)$% of Revenue$% of Revenue$%Revenue $963,713 100.0 %$728,700 100.0 %$235,013 32.3 %Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging284,743 29.5 213,458 29.3 71,285 33.4 Labor247,490 25.7 187,326 25.7 60,164 32.1 Occupancy69,851 7.2 58,319 8.0 11,532 19.8 Other operating expenses119,824 12.4 89,251 12.2 30,573 34.3 Total restaurant operating expenses721,908 74.9 548,354 75.3 173,554 31.6 General and administrative expenses120,500 12.5 101,491 13.9 19,009 18.7 Depreciation and amortization60,355 6.3 47,433 6.5 12