Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 58

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 58
---
Total restaurant operating expenses673,569 74.5 545,945 74.1 127,624 23.4 General and administrative expenses104,944 11.6 91,951 12.5 12,993 14.1 Depreciation and amortization55,254 6.1 45,380 6.2 9,874 21.8 Restructuring and other costs— — 582 0.1 (582)(100.0)Pre-opening costs14,519 1.6 9,500 1.3 5,019 52.8 Impairment and asset disposal costs3,917 0.4 3,795 0.5 122 3.2 Total operating expenses852,203 94.2 697,153 94.7 155,050 22.2 Income from operations52,476 5.8 39,165 5.3 13,311 34.0 Interest income, net(11,773)(1.3)(12,829)(1.7)1,056 (8.2)Other income, net(471)(0.1)(188)— (283)150.5 Income before taxes64,720 7.2 52,182 7.1 12,538 24.0 Provision for income taxes5,898 0.7 482 0.1 5,416 N/MNet income$58,822 6.5 %$51,700 7.0 %$7,122 13.8 %

__________________

N/M data not meaningful

Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses:

The increases in Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses are primarily driven by the growth of our CAVA Segment. Refer to “CAVA Segment Results” above for more information.

General and administrative expenses:

The increase in general and administrative expenses was primarily due to investments to support future growth, including our CAVA Connect conference, higher equity-based compensation, including payroll taxes arising from the vesting of RSUs, and executive transition costs, partially offset by lower performance-based incentive compensation and legal costs. 

Depreciation and amortization:

The increase in depreciation and amortization was primarily driven by the addition of