Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 218

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 218
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 Revenue$%Restaurant revenue$954,273 100.0 %$717,060 100.0 %$237,213 33.1 %Restaurant operating expenses (excluding depreciation and amortization):Food, beverage, and packaging279,741 29.3 208,237 29.0 71,504 34.3 Labor247,490 25.9 185,820 25.9 61,670 33.2 Occupancy69,851 7.3 57,811 8.1 12,040 20.8 Other operating expenses119,078 12.5 87,704 12.2 31,374 35.8 Total restaurant operating expenses716,160 75.0 539,572 75.2 176,588 32.7 Restaurant-level profit$238,113 25.0 %$177,488 24.8 %$60,625 34.2 %

CAVA Revenue

The increase in CAVA Revenue was primarily due to a $156.6 million increase from the 130 Net New CAVA Restaurant Openings during or subsequent to fiscal 2023, of which a portion was attributable to the 28 CAVA restaurants that were converted from Zoes Kitchen locations. The remainder of the increase in CAVA Revenue was driven by CAVA Same Restaurant Sales Growth of 13.4%, which consists of 8.7% from guest traffic increases and 4.7% from menu price increases and product mix, partially offset by $10.9 million of revenue in the 53rd week in fiscal 2023. 

CAVA Food, Beverage, and Packaging

The increase in CAVA food, beverage, and packaging was primarily due to a $47.6 million increase from the 130 Net New CAVA Restaurant Openings during or subsequent to fiscal 2023, of which a portion was attributable to the 28 CAVA restaurants that were converted from Zoes Kitchen locations. The remainder of the increase was primarily due to CAVA Same Restaurant Sales Growth of 13.4%, partially offset by the impact of a 53rd week in fiscal 2023. 

49

As a percentage of CAVA Revenue, CAVA food, beverage, and packaging increased primarily due to input costs associated with the June 3, 2024 launch of grilled steak.

CAVA Labor

The increase in CAVA labor was