Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 153

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 153
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 2023. 

As a percentage of CAVA Revenue, CAVA other operating expenses increased due in part to the aforementioned investments in the integrity of our physical spaces in support of our increased restaurant volumes, partially offset by operating leverage associated with higher sales.

Zoes Kitchen Segment Results

The following table summarizes the results of the Zoes Kitchen segment for the fiscal years indicated:

20242023Change($ in thousands)$% of Revenue$% of Revenue$%Restaurant revenue$— — %$3,867 100.0 %$(3,867)N/MRestaurant operating expenses (excluding depreciation and amortization):Food, beverage, and packaging— — 1,141 29.5 (1,141)N/MLabor— — 1,506 38.9 (1,506)N/MOccupancy— — 508 13.1 (508)N/MOther operating expenses— — 889 23.0 (889)N/MTotal restaurant operating expenses— — 4,044 104.6 (4,044)N/MRestaurant-level loss$— — %$(177)(4.6)%$177 N/M

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N/M    data not meaningful

As of March 2, 2023, the Company no longer operates any Zoes Kitchen locations, which resulted in the decreases above.  

50

Other Results

The following table summarizes remaining activity related to our CPG operations for the fiscal years indicated:

20242023Change($ in thousands)$% of Revenue$% of Revenue$%Revenue$9,440 100.0 %$7,773 100.0 %$1,667 21.4 %Food, beverage, and packaging5,002 53.0 4,080 52.5 922 22.6 Other operating expenses746 7.9 658 8.5 88 13.4 

The increases noted above were primarily a result of increased sales of dips, spreads, and dressings.

Consolidated Results

The following table summarizes our consolidated results of operations for the fiscal years indicated:

20242023Change($ in thousands)$% of Revenue$% of Revenue$%Revenue $963,713 100.0 %$728,700 100.0 %$235,013 32.3 %Operating expenses:Restaurant operating costs (excluding depreciation and amort