Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 169

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 169
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,600 5,637 Prepaid expenses and other7,438 4,962 Total current assets394,154 354,912 Property and equipment, net372,902 330,730 Operating lease assets321,832 289,451 Goodwill1,944 1,944 Intangible assets1,355 1,355 Deferred income taxes71,537 — Other long-term assets5,945 5,365 Total assets$1,169,669 $983,757 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$25,573 $17,234 Accrued expenses and other69,822 59,219 Operating lease liabilities, current37,241 32,583 Total current liabilities132,636 109,036 Deferred income taxes— 79 Operating lease liabilities341,467 303,615 Other long-term liabilities— 225 Total liabilities474,103 412,955 Commitments and Contingencies (Note 9)Stockholders' equity:Common stock, par value $0.0001 per share; 2,500,000 authorized; 115,093 and 113,708 issued and outstanding, respectively12 11 Treasury stock, at cost; 1,431 shares and 1,086 shares, respectively(34,377)(9,727)Additional paid-in capital1,047,275 1,028,181 Accumulated deficit(317,344)(447,663)Total stockholders’ equity695,566 570,802 Total liabilities and stockholders' equity$1,169,669 $983,757 The accompanying notes are an integral part of these consolidated financial statements.

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CAVA GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONSFiscal Year Ended(in thousands, except per share amounts)December 29,2024December 31,2023December 25,2022Revenue $963,713 $728,700 $564,119 Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging284,743 213,458 179,988 Labor247,490 187,326 157,891 Occupancy69,851 58,319 53,669 Other operating expenses119,824 89,251 74,587 Total restaurant operating expenses721,908