Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 213

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 213
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$226 CAVA Restaurant-Level Profit$238,113 $177,488 $60,625 CAVA Restaurant-Level Profit Margin25.0 %24.8 %0.2 %CAVA Restaurants367 309 58 Net New CAVA Restaurant Openings58 72 (14)CAVA Digital Revenue Mix36.4 %36.0 %0.4 %Net income$130,319 $13,280 $117,039 Adjusted EBITDA3$126,248 $73,825 $52,423 Adjusted Net Income3$50,219 $13,280 $36,939 Net income margin13.5 %1.8 %11.7 %Adjusted EBITDA margin313.1 %10.1 %3.0 %Adjusted Net Income margin35.2 %1.8 %3.4 %

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1    CAVA Same Restaurant Sales Growth for fiscal 2023 is presented excluding the impact of the 53rd week. To achieve an optimal comparison of fiscal weeks in the CAVA Same Restaurant Sales Growth calculation in fiscal 2024, giving consideration to holiday periods, each week of fiscal 2023 was shifted by one week. Had this shift not been made, CAVA Same Restaurant Sales Growth would have been immaterially impacted in fiscal 2024.

2    For purposes of calculating CAVA AUV for fiscal 2024, the applicable measurement period is the trailing thirteen periods ended December 29, 2024 . For purposes of calculating CAVA AUV for fiscal 2023, the applicable measurement period is the trailing thirteen periods ended December 31, 2023, excluding the 53rd week.

3    See “Non-GAAP Financial Measures” below for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin and reconciliations of Adjusted EBITDA and Adjusted Net Income to net income, the most directly comparable GAAP measure. 

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Adjusted EBITDA margin and Adjusted Net Income margin are Adjusted EBITDA and Adjusted Net Income as a percentage of revenue, respectively.

CAVA Revenue

CAVA Revenue represents all revenue attributable to CAVA restaurants in the specified period, excluding restaurants operating under licensing agreements. We use CAVA Revenue to evaluate and track the aggregate sales of food and