Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 41

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 2
Chunk 41
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 also considers a variety of other key performance measures, including non-GAAP measures. The key performance measures used by our management for determining how our business is performing are detailed in the table below.

We believe that these key financial measures provide useful information to users of our financial statements in understanding and evaluating our results of operations in the same manner as our management team. The presentation of these key performance measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin, which are non-GAAP financial measures, is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. See “Non-GAAP Financial Measures” below.

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Table of Contents

The following table sets forth our key performance measures:

Sixteen Weeks Ended($ in thousands)April 20,2025April 21,2024ChangeCAVA Revenue$328,482 $256,290 $72,192 CAVA Same Restaurant Sales Growth110.8 %2.3 %8.5 %CAVA AUV2$2,933 $2,608 $325 CAVA Restaurant-Level Profit$82,305 $64,616 $17,689 CAVA Restaurant-Level Profit Margin25.1 %25.2 %(0.1)%CAVA Restaurants382 323 59 Net New CAVA Restaurant Openings15 14 1 CAVA Digital Revenue Mix38.0 %37.0 %1.0 %Net income$25,707 $13,993 $11,714 Adjusted EBITDA3$44,850 $33,317 $11,533 Adjusted Net Income3$25,707 $11,941 $13,766 Net income margin7.7 %5.4 %2.3 %Adjusted EBITDA margin313.5 %12.9 %0.6 %Adjusted Net Income margin37.7 %4.6 %3.1 %

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1    To achieve an optimal comparison of fiscal weeks in the CAVA Same Restaurant Sales Growth calculation in fiscal 2024, giving consideration to holiday periods, each week of fiscal 2023 was shifted by one week. As a result of this shift, approximately $3.9 million of revenue is not included in CAVA Same Restaurant