Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 170

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 170
---
 548,354 466,135 General and administrative expenses120,500 101,491 70,037 Depreciation and amortization60,355 47,433 42,724 Restructuring and other costs580 6,080 5,923 Pre-opening costs12,197 15,718 19,313 Impairment and asset disposal costs5,055 4,899 19,753 Total operating expenses920,595 723,975 623,885 Income (loss) from operations43,118 4,725 (59,766)Interest (income) expense, net(16,474)(8,852)47 Other income, net(318)(471)(919)Income (loss) before taxes59,910 14,048 (58,894)(Benefit from) provision for income taxes(70,409)768 93 Net income (loss)$130,319 $13,280 $(58,987)Earnings (loss) per shareBasic$1.14 $0.22 $(44.41)Diluted$1.10 $0.21 $(44.41)Weighted-average common shares outstanding:Basic114,292 60,512 1,328 Diluted118,273 63,448 1,328 The accompanying notes are an integral part of these consolidated financial statements.

64

CAVA GROUP, INC.CONSOLIDATED STATEMENTS OF PREFERRED STOCK AND STOCKHOLDERS' EQUITYRedeemable Preferred StockCommon StockTreasury StockAdditional Paid in CapitalAccumulated DeficitTotal Stockholders' Equity(in thousands)SharesAmountSharesAmountSharesAmountBalance—December 26, 202195,204 $662,308 1,124 $— 747 $(5,708)$15,219 $(402,532)$(393,021)Equity-based compensation— — — — — — 3,803 — 3,803 Shares purchased under equity plans— — 15 — — — 37 — 37 RSU vesting— — 409 — — — — — — Tax withholding on equity-based compensation awards— — (139)— 139 (911)— — (911)Cumulative effect of ASC 842 adoption—