Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 221

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 221
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,922 27.2 Restructuring and other costs580 0.1 6,080 0.8 (5,500)(90.5)Pre-opening costs12,197 1.3 15,718 2.2 (3,521)(22.4)Impairment and asset disposal costs5,055 0.5 4,899 0.7 156 3.2 Total operating expenses920,595 95.5 723,975 99.4 196,620 27.2 Income from operations43,118 4.5 4,725 0.6 38,393 N/MInterest income, net(16,474)(1.7)(8,852)(1.2)(7,622)86.1 Other income, net(318)— (471)(0.1)153 (32.5)Income before taxes59,910 6.2 14,048 1.9 45,862 N/M(Benefit from) provision for income taxes(70,409)(7.3)768 0.1 (71,177)N/MNet income$130,319 13.5 %$13,280 1.8 %$117,039 N/M

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N/M    data not meaningful

Revenue

The increase in consolidated revenue was primarily driven by a $237.2 million increase in our CAVA segment, partially offset by a $3.9 million decrease in our Zoes Kitchen segment, which was no longer operating as of March 2, 2023. Refer to “CAVA Segment Results” above for more information. 

Food, Beverage, and Packaging

The increase in consolidated food, beverage, and packaging was primarily driven by a $71.5 million increase in our CAVA segment, partially offset by a $1.1 million decrease in our Zoes Kitchen segment. Refer to “CAVA Segment Results” above for more information.

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Labor

The increase in consolidated labor was primarily driven by a $61.7 million increase in our CAVA segment, partially offset by a $1.5 million decrease in our Zoes Kitchen segment. Refer to “CAVA Segment Results” above for more information.

Occupancy

The increase in consolidated occupancy was primarily driven by a $12.0 million increase in our CAVA segment, partially offset by a $0