Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 196

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 196
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 reporting purposes, resulting in CAVA and Zoes Kitchen being the Company’s two reportable segments for the periods covered by the consolidated financial statements.The CODM reviews segment performance and allocates resources based upon restaurant-level profit, which is defined as segment revenues less food, beverage, and packaging, labor, occupancy, and other operating expenses. Restaurant-level profit is used to measure the segment’s profitability as corporate-level expenses are excluded from such measure. The CODM uses restaurant-level profit for each segment in the annual budget to make decisions about the allocation of resources, with the monitoring of actual results to determine appropriate changes to such allocation. All segment revenue is earned in the United States, and all intersegment revenues have been eliminated. Intersegment revenues represent the sale, from CAVA Foods to CAVA, of dips and spreads used in our restaurants. Sales from external customers are derived principally from sales of food, beverage, and CPG. The Company does not rely on any major customers as sources of sales. As the CODM does not review asset information by segment, assets are reported only on a consolidated basis. Other includes the Company’s CPG sales from CAVA Foods. 

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The following table presents financial information about the Company’s reportable segments and includes reconciliations of reportable segment revenue to consolidated revenue and reportable segment restaurant-level profit to income (loss) before taxes for the fiscal years indicated: (in thousands)202420232022Reportable segment revenueCAVA$954,273 $717,060 $448,594 Zoes Kitchen— 3,867 108,392 Total reportable segment revenue954,273 720,927 556,986 Reconciliation of reportable segment revenue to consolidated revenue:Other revenue9,440 7,773 7,133 Total consolidated revenue963,713 728,700 564,119 Significant segment expensesCAVAFood, beverage, and packaging279,741 208,237 140,760 Labor247,490 185,820 121,318 Occupancy69,851 57,811 40,855 Other operating expenses119,078 87,704 54,568 Total CAVA segment expenses716,160 539,572 357,501 Zoes KitchenFood, beverage, and packaging— 1,141 33,367 Labor— 1,506 36,573 Occupancy— 508 12,814 Other operating expenses— 889