Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 31

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 31
---
) income taxes:

The effective tax rate for the twelve weeks ended October 5, 2025 was 28.6%. The effective tax rate for the twelve weeks ended October 6, 2024 was (0.3)% as the amount of income tax expense was immaterial prior to the Company’s release of its valuation allowance against deferred tax assets in the fourth quarter of fiscal 2024.

Comparison of the forty weeks ended October 5, 2025 and October 6, 2024

CAVA Segment Results

The following table summarizes the results of the CAVA segment:

Forty Weeks EndedOctober 5,2025October 6,2024Change(in thousands)$% of Revenue$% of Revenue$%Revenue$896,518 100.0 %$729,173 100.0 %$167,345 22.9 %Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging265,679 29.6 212,414 29.1 53,265 25.1 Labor227,907 25.4 186,134 25.5 41,773 22.4 Occupancy62,722 7.0 52,751 7.2 9,971 18.9 Other operating expenses113,478 12.7 90,174 12.4 23,304 25.8 Total restaurant operating expenses669,786 74.7 541,473 74.3 128,313 23.7 Restaurant-level profit$226,732 25.3 %$187,700 25.7 %$39,032 20.8 %

CAVA Revenue:

The increase in CAVA Revenue was primarily due to a $131.1 million increase from the 106 Net New CAVA Restaurant Openings during or subsequent to the forty weeks ended October 6, 2024. In addition, the increase in CAVA Revenue was driven by CAVA Same Restaurant Sales Growth of 5.1%, which consisted of a 2.6% increase from guest traffic and a 2.5% 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 $39.8 million increase from the 106 Net New CAVA Restaurant Openings during or subsequent to the forty weeks ended October