Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 44

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 2
Chunk 44
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 occupancy decreased primarily due to operating leverage associated with higher sales.  

CAVA other operating expenses:

The increase in CAVA other operating expenses was primarily due to the 73 Net New CAVA Restaurant Openings during or subsequent to the sixteen weeks ended April 21, 2024, investments in the integrity of our physical spaces in support of our increased restaurant volumes, and CAVA Same Restaurant Sales Growth of 10.8%. As a percentage of CAVA Revenue, CAVA other operating expenses decreased due to operating leverage associated with higher sales, partially offset by the aforementioned investments in the integrity of our physical spaces in support of our increased restaurant volumes.

16

Other Results

The following table summarizes remaining activity related to CPG operations and the production of dips and spreads used in 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