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

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 1
Chunk 25
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 CAVA restaurants:

Sixteen Weeks EndedApril 20,2025April 21,2024Change(in thousands)$% of Revenue$% of Revenue$%Revenue$3,344 100.0 %$2,716 100.0 %$628 23.1 %Food, beverage, and packaging1,335 39.9 1,752 64.5 (417)(23.8)Other operating expenses251 7.5 214 7.9 37 17.3 

The increase in revenue noted above was primarily due to higher CPG sales. As a percentage of revenue, food, beverage, and packaging decreased due to operational efficiencies realized since the commencement of operations at our facility in Verona, VA in the first quarter of fiscal 2024.

17

Consolidated Results

The following table summarizes our consolidated results of operations:

Sixteen Weeks Ended(in thousands)April 20,2025April 21,2024Change$% of Revenue$% of Revenue$%Revenue $331,826 100.0 %$259,006 100.0 %$72,820 28.1 %Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging97,559 29.4 73,947 28.6 23,612 31.9 Labor84,562 25.5 66,513 25.7 18,049 27.1 Occupancy24,408 7.4 20,422 7.9 3,986 19.5 Other operating expenses41,234 12.4 32,758 12.6 8,476 25.9 Total restaurant operating expenses247,763 74.7 193,640 74.8 54,123 28.0 General and administrative expenses41,394 12.5 33,840 13.1 7,554 22.3 Depreciation and amortization20,811 6.3 17,322 6.7 3,489 20.1 Restructuring and other costs— — 282 0.1 (282)(100.0)Pre-opening costs4,481 1.4 3,379 1.3 1,102 32.6 Impairment and asset disposal costs1