Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 164

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 164
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 a result, any menu price increases at our restaurants would only offset a proportionate increase in occupancy and related expenses. 

Interest Rate Risk

We are exposed to interest rate risk through fluctuations of interest rates on our investments through our cash in our money market accounts. Changes in interest rates affect the interest income we earn, and therefore impact our cash flows and results of operations. As of December 29, 2024, we had $366.1 million of cash and cash equivalents consisting of bank accounts, money market funds, and other cash equivalent investments.  We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure. Due to the short-term nature of our investments, we have not been exposed to, nor do we anticipate being exposed to, material 

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risks due to changes in interest rates. A hypothetical decrease of 100 basis points to current prevailing market rates applied to our cash and cash equivalents balance as of December 29, 2024, would result in a decrease of $3.6 million in investment income over a twelve month period.

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Item 8. Financial Statements and Supplementary Data

Index to Consolidated Financial Statements

PageReport of Independent Registered Public Accounting Firm (PCAOB ID No. 34)59Consolidated Balance Sheets as of December 29, 2024 and December 31, 202363Consolidated Statements of Operations for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202264Consolidated Statements of Preferred Stock and Stockholders’ Equity for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202265Consolidated Statements of Cash Flows for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202266Notes to Consolidated Financial Statements68Note 1. Nature of Operations68Note 2. Basis of Presentation and Significant Accounting Policies68Note 3. Revenue73Note 4. Fair Value73Note 5. Supplemental Balance Sheet Information74Note 6. Debt74Note 7. Income Taxes75Note 8. Leases77Note 9. Commitments and Contingencies78Note 10. Related Party Transactions78Note 11. Equity-based Compensation79Note 12. Earnings (loss) Per Share80Note