Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 22

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 22
---
 compensation expense related to RSU awards was $21.6 million, which is expected to be recognized over a weighted-average period of 2.6 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:Twelve Weeks EndedForty Weeks Ended(in thousands, except per share amounts)October 5,2025October 6,2024October 5,2025October 6,2024Net income$14,747 $17,966 $58,822 $51,700 Weighted-average shares outstanding:Basic115,960 114,434 115,733 114,158 Dilutive awards2,311 3,996 2,623 4,033 Diluted118,271118,430118,356 118,191Earnings per common share:Basic$0.13 $0.16 $0.51 $0.45 Diluted$0.12 $0.15 $0.50 $0.44 The following equity awards were excluded from the calculation of diluted earnings per share:Twelve Weeks EndedForty Weeks Ended(in thousands)October 5,2025October 6,2024October 5,2025October 6,2024Options to purchase common stock94 — 80 2 RSUs120 — 99 1 Total common stock equivalents214 — 179 3 

12.    SEGMENT REPORTING

The Company’s operations are conducted as two operating segments: CAVA and CAVA Foods. CAVA includes the operations of all company-owned CAVA restaurants. CAVA Foods includes the production of dips, spreads, and certain dressing bases used in CAVA restaurants as well as sales from the Company’s consumer-packaged goods (“CPG”) business. These segments were determined on the same basis that the Company’s Chief Executive Officer (“CEO”), who is the chief operating decision maker (“CODM”), manages, evaluates, and makes key decisions regarding the business. CAVA is the Company’s only reportable segment, as CAVA Foods is below the quantitative thresholds for segment reporting purposes.The CODM reviews segment