Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 14

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 14
---
 eligible costs begins when (i) management authorizes and commits to funding the project and (ii) it is probable that the project will be completed and the software will be used as intended. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027 (the Company’s fiscal 2028), and may be applied prospectively, on a modified basis for in-process projects, or retrospectively. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

The Company reviewed all other recently issued accounting standards and determined they were either not applicable or not expected to have a material impact on the Company’s financial position or results from operations. 

7

2.    REVENUE

The Company’s revenue was as follows:Twelve Weeks EndedForty Weeks Ended(in thousands)October 5,2025October 6,2024October 5,2025October 6,2024Restaurant revenue$289,787 $241,499 $896,518 $729,173 CPG revenue and other2,451 2,318 8,161 7,145 Revenue$292,238 $243,817 $904,679 $736,318 Revenue from the redemption of the Company’s gift cards and loyalty program is included in restaurant revenue. Revenue recognized from the redemption of gift cards, included in the gift card liability at the beginning of the year, was $0.4 million and $0.3 million during the twelve weeks ended October 5, 2025 and October 6, 2024, respectively. Revenue recognized from the redemption of gift cards, included in the gift card liability at the beginning of the year, was $2.2 million and $1.5 million during the forty weeks ended October 5, 2025 and October 6, 2024, respectively.Changes in the CAVA Rewards liability, which is included in accrued expenses and other on the accompanying consolidated balance sheets, were as follows:Twelve Weeks EndedForty Weeks Ended(in thousands)October 5,2025October 6,2024October 5,2025October 6,2024CAVA Rewards liability, beginning balance$3,902 $2,489 $3,778 $1,787 Revenue deferred2,875 2,496 9,020 8,019 Revenue recognized(3,106)(2,374)(9,127)(