Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 8

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 8
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 OF OPERATIONSTwelve Weeks EndedTwenty-Eight Weeks Ended(in thousands, except per share amounts)July 13,2025July 14,2024July 13,2025July 14,2024Revenue $280,615 $233,495 $612,441 $492,501 Operating expenses:Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging82,950 68,839 180,509 142,786 Labor69,496 58,388 154,058 124,901 Occupancy18,791 15,917 43,199 36,339 Other operating expenses34,697 27,991 75,931 60,749 Total restaurant operating expenses205,934 171,135 453,697 364,775 General and administrative expenses32,051 28,281 73,445 62,121 Depreciation and amortization16,815 13,733 37,626 31,055 Restructuring and other costs— 70 — 352 Pre-opening costs5,096 3,302 9,577 6,681 Impairment and asset disposal costs1,074 830 2,741 2,120 Total operating expenses260,970 217,351 577,086 467,104 Income from operations19,645 16,144 35,355 25,397 Interest income, net(3,581)(3,824)(8,198)(8,738)Other income, net(474)(60)(501)(138)Income before taxes23,700 20,028 44,054 34,273 Provision for (benefit from) income taxes5,332 287 (21)539 Net income$18,368 $19,741 $44,075 $33,734 Earnings per share: Basic$0.16 $0.17 $0.38 $0.30 Diluted$0.16 $0.17 $0.37 $0.29 Weighted-average common shares outstanding:Basic115,783 114,130 115,635 114,040 Diluted118,334 118,291 118,392 118,088 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements