Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 27

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 27
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 For the reporting period ended October 6, 2024, the applicable measurement period is the trailing thirteen periods ended October 6, 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 percentage of revenue. Adjusted Net Income margin is Adjusted Net Income as a percentage of revenue.

CAVA Restaurants and Net New CAVA Restaurant Openings

The following table details CAVA Restaurant unit data:

Twelve Weeks EndedForty Weeks EndedOctober 5,2025October 6,2024October 5,2025October 6,2024CAVA RestaurantsBeginning of period398 341 367 309New CAVA Restaurant openings17 11 48 44Permanent closure— — — (1)End of period415 352 415 352 

Results of Operations

Our results of operations, on a consolidated basis and by segment, for the twelve and forty weeks ended October 5, 2025 and October 6, 2024, are set forth below. We present our segment results before our consolidated results as we believe that our CAVA segment is more useful and meaningful in assessing the performance of our business, which is mainly driven by our CAVA segment.

16

Comparison of the twelve weeks ended October 5, 2025 and October 6, 2024

CAVA Segment Results

The following table summarizes the results of the CAVA segment:

Twelve Weeks EndedOctober 5,2025October 6,2024Change(in thousands)$% of Revenue$% of Revenue$%Revenue$289,787 100.0 %$241,499 100.0 %$48,288 20.0 %Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging87,245 30.1 72,230 29.9 15,015 20.8 Labor73,849 25.5 61,233 25.4 12,616 20.6 Occupancy19,523 6.7 16,412 6