Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 54

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 54
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 of operations at our facility in Verona, VA in the first quarter of fiscal 2024.

18

Consolidated Results

The following table summarizes our consolidated results of operations:

Twelve Weeks Ended(in thousands)July 13,2025July 14,2024Change$% of Revenue$% of Revenue$%Revenue $280,615 100.0 %$233,495 100.0 %$47,120 20.2 %Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging82,950 29.6 68,839 29.5 14,111 20.5 Labor69,496 24.8 58,388 25.0 11,108 19.0 Occupancy18,791 6.7 15,917 6.8 2,874 18.1 Other operating expenses34,697 12.4 27,991 12.0 6,706 24.0 Total restaurant operating expenses205,934 73.4 171,135 73.3 34,799 20.3 General and administrative expenses32,051 11.4 28,281 12.1 3,770 13.3 Depreciation and amortization16,815 6.0 13,733 5.9 3,082 22.4 Restructuring and other costs— — 70 — (70)(100.0)Pre-opening costs5,096 1.8 3,302 1.4 1,794 54.3 Impairment and asset disposal costs1,074 0.4 830 0.4 244 29.4 Total operating expenses260,970 93.0 217,351 93.1 43,619 20.1 Income from operations19,645 7.0 16,144 6.9 3,501 21.7Interest income, net(3,581)(1.3)(3,824)(1.6)243 (6.4)Other income, net(474)(0.2)(60)— (414)N/MIncome before taxes23,700 8.4 20,028 8.6 3,672 18.3Provision for income taxes5