Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 11

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 11
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— — — 2,721 — — 2,721 RSU vesting666 — — — — — — — Net income— — — — — 58,822 — 58,822 Other comprehensive income, net of taxes— — — — — — 125 125 Balance—October 5, 2025115,985 $12 1,431 $(34,377)$1,061,776 $(258,522)$125 $769,014 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSForty Weeks Ended(in thousands)October 5,2025October 6,2024Cash flows from operating activities:Net income$58,822 $51,700 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization55,254 45,380 Unrealized gain on convertible promissory note(429)— Equity-based compensation11,780 9,943 Deferred income taxes5,725 — Impairment and asset disposal costs3,917 3,795 Changes in operating assets and liabilities:Trade accounts receivable(2,831)(2,821)Other accounts receivable(1,297)1,506 Inventories(979)(1,698)Prepaid expenses and other(6,151)(929)Operating lease assets(53,766)(24,735)Accounts payable2,547 5,037 Accrued expenses and other7,249 10,395 Operating lease liabilities64,696 33,601 Net cash provided by operating activities144,537 131,174 Cash flows from investing activities: Purchases of property and equipment(121,264)(80,389)Purchases of debt securities(116,192)— Investment in convertible promissory note(5,000)— Proceeds from principal payments on debt securities13,648 — Net cash used in investing activities(228,808)(80,389)Cash flows from financing activities:Tax withholding on equity-based compensation awards— (17,836)Shares purchased under equity plans2,721 1,828 Payments on finance lease obligations