Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 42

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 42
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 the Company’s financial position or results from operations. 

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Table of Contents

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)(7,195)CAVA Rewards liability, ending balance$3,671 $2,611 $3,671 $2,611 

3.     INVESTMENTS

Fixed income debt securitiesThe Company launched an investment portfolio consisting of fixed income debt securities in the current year, which was funded with cash and cash equivalents on hand. These investments, which may be sold prior to their contractual maturity, are designated as available-for-sale and are carried at fair value. The difference between amortized cost, net of any credit loss allowances, and fair value is reflected as a component of accumulated other comprehensive