Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 18

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 1
Chunk 18
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 sixteen weeks ended April 20, 2025 and April 21, 2024, respectively, related to its equity incentive plans and employee stock purchase plan, recorded within general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations.A summary of the Company’s stock option activity is as follows:

10

Weighted Average(in thousands, except per share amounts)Number Of OptionsExercise PriceRemaining Contractual Term (Years)Aggregate Intrinsic ValueOutstanding - December 29, 20242,264 $13.96 6.9$227,328 Granted107 95.03 Exercised(163)3.00 Forfeited or expired(22)21.94 Outstanding - April 20, 20252,186 $18.69 7.1$148,123 Exercisable - April 20, 20251,056 $10.27 5.8Vested and expected to vest - April 20, 20252,186 $18.69 7.1$148,123 As of April 20, 2025, unrecognized compensation expense related to option awards was $12.9 million, which is expected to be recognized over a weighted-average period of 3.1 years.A summary of the Company’s restricted stock unit (“RSU”) activity is as follows:(in thousands, except per share amounts)Number of UnitsWeighted-Average Grant Date Fair ValueAggregate Intrinsic ValueNon-vested - December 29, 20241,636 $14.79 $187,109 Granted133 95.03 Vested(400)6.55 Forfeited(34)20.14 Non-vested - April 20, 20251,335 $25.10 $114,810 

As of April 20, 2025, unrecognized compensation expense related to RSU awards was $27.3 million, which is expected to be recognized over a weighted-average period of 3.0 years. 

11.    EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of outstanding equity awards for the period using the treasury-stock method.The following table sets forth the computation of earnings per common share:Sixteen Weeks Ended(in thousands, except per share