Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 167

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 167
---
 tax specialists, we evaluated the reasonableness of the methods, assumptions, and judgments used by management to determine whether a valuation allowance is necessary.

•With the assistance of our income tax specialists, we evaluated whether the sources of management's estimated future taxable income were appropriate and sufficient to utilize the deferred tax assets.

•We tested the reasonableness of management's estimates of taxable income by comparing the estimates to:

◦The Company’s financial forecasts.

◦Historical taxable income.

◦Internal communications to management and the Board of Directors.

◦Forecasted information included in Company press releases as well as in analyst and industry reports for the Company.

•We evaluated whether the estimates of future taxable income were consistent with evidence obtained in other areas of the audit.

•With the assistance of our income tax specialists, we evaluated the Company’s estimate of the timing of reversing temporary deferred items including utilization of net operating losses.

/s/ Deloitte & Touche LLP

McLean, Virginia

February 25, 2025

We have served as the Company's auditor since 2018.

61

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and the Board of Directors of CAVA Group, Inc.

Opinion on Internal Control over Financial Reporting

We have audited the internal control over financial reporting of CAVA Group, Inc. and subsidiaries (the “Company”) as of December 29, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 29, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 29, 2024, of the Company and our report dated February 25, 2025, expressed an unqualified opinion on those financial statements.

Basis for Opinion

The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on