Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 49

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 2
Chunk 49
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 Factors” in our 2024 Annual Report. Depending on the severity and direct impact of these factors on us, we may not be able to secure additional financing on acceptable terms, or at all.

20

Cash Overview

We had cash and cash equivalents of $289.4 million and $366.1 million as of April 20, 2025 and December 29, 2024, respectively.  In addition, we had investments of $79.9 million as of April 20, 2025.  For the sixteen weeks ended April 20, 2025, our operations were funded from cash flows from operations. 

Cash Flows

The following table summarizes our cash flows:

Sixteen Weeks EndedChange(in thousands)April 20,2025April 21,2024$%Net cash provided by operating activities$38,577 $38,386 $191 0.5 %Net cash used in investing activities(115,836)(33,687)(82,149)243.9 Net cash provided by (used in) financing activities489 (8,010)8,499 (106.1)Net change in cash and cash equivalents$(76,770)$(3,311)$(73,459)2218.6 %

Operating Activities:

The increase in net cash provided by operating activities was primarily due to improved operating performance, partially offset by working capital changes.

Investing Activities:

The increase in net cash used in investing activities was primarily due to launching an investment portfolio to optimize returns on our cash balances and higher capital expenditures related to future new CAVA restaurant openings.

Financing Activities:

The change in net cash provided by (used in) financing activities was primarily due to decreased tax withholding obligations arising from the vesting of RSUs and an increase in stock options exercised in the sixteen weeks ended April 20, 2025 compared with the prior year period.

Material Cash Commitments

There have been no significant changes to the material cash commitments as disclosed in our 2024 Annual Report, other than those payments made in the ordinary course of business.

Credit Facility

Refer to Item 1, Financial Statements, Note 6 (Debt), for a description of our 2022 Credit Facility.  

Critical Accounting Estimates

The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts