Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 8

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 8
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 OF OPERATIONSTwelve Weeks EndedForty Weeks Ended(in thousands, except per share amounts)October 5,2025October 6,2024October 5,2025October 6,2024Revenue $292,238 $243,817 $904,679 $736,318 Operating expenses:Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging88,289 73,540 268,798 216,326 Labor73,849 61,233 227,907 186,134 Occupancy19,523 16,412 62,722 52,751 Other operating expenses38,211 29,985 114,142 90,734 Total restaurant operating expenses219,872 181,170 673,569 545,945 General and administrative expenses31,499 29,830 104,944 91,951 Depreciation and amortization17,628 14,325 55,254 45,380 Restructuring and other costs— 230 — 582 Pre-opening costs4,942 2,819 14,519 9,500 Impairment and asset disposal costs1,176 1,675 3,917 3,795 Total operating expenses275,117 230,049 852,203 697,153 Income from operations17,121 13,768 52,476 39,165 Interest income, net(3,575)(4,091)(11,773)(12,829)Other expense (income), net30 (50)(471)(188)Income before taxes20,666 17,909 64,720 52,182 Provision for (benefit from) income taxes5,919 (57)5,898 482 Net income$14,747 $17,966 $58,822 $51,700 Earnings per share: Basic$0.13 $0.16 $0.51 $0.45 Diluted$0.12 $0.15 $0.50 $0.44 Weighted-average common shares outstanding:Basic115,960 114,434 115,733 114,158 Diluted118,271 118,430 118,356 118,191 The accompanying notes are an integral part of these unaud