Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 56

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 56
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 %$487,674 100.0 %$119,057 24.4 %Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging178,434 29.4 140,184 28.7 38,250 27.3 Labor154,058 25.4 124,901 25.6 29,157 23.3 Occupancy43,199 7.1 36,339 7.5 6,860 18.9 Other operating expenses75,473 12.4 60,369 12.4 15,104 25.0 Total restaurant operating expenses451,164 74.4 361,793 74.2 89,371 24.7 Restaurant-level profit$155,567 25.6 %$125,881 25.8 %$29,686 23.6 %

CAVA Revenue:

The increase in CAVA Revenue was primarily due to an $88.0 million increase from the 89 Net New CAVA Restaurant Openings during or subsequent to the twenty-eight weeks ended July 14, 2024. In addition, the increase in CAVA Revenue was driven by CAVA Same Restaurant Sales Growth of 6.6%, which consisted of a 3.9% increase from guest traffic and a 2.7% increase from menu price and product mix.

CAVA food, beverage, and packaging:

The increase in CAVA food, beverage, and packaging was primarily due to a $26.7 million increase from the 89 Net New CAVA Restaurant Openings during or subsequent to the twenty-eight weeks ended July 14, 2024. The remainder of the increase was primarily due to CAVA Same Restaurant Sales Growth of 6.6%. As a percentage of CAVA Revenue, CAVA food, beverage, and packaging increased primarily due to input costs associated with the launch of grilled steak in the second quarter of fiscal 2024, partially offset by other lower input costs.

CAVA labor:

The increase in CAVA labor was primarily due to the 89 Net New CAVA Restaurant Openings during or subsequent to the twenty-eight weeks ended July 14, 2024 and higher average hourly wages of approximately 2%. As a percentage of CAVA Revenue, CAVA labor decreased due to the impact of higher sales, partially offset by the aforementioned incremental wage investments.

CAVA occupancy: