Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 197

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 197
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 19,538 Total Zoes Kitchen segment expenses— 4,044 102,292 Reportable segment restaurant-level profit (loss)CAVA238,113 177,488 91,093 Zoes Kitchen— (177)6,100 Total reportable segment restaurant-level profit238,113 177,311 97,193 Reconciliation of total reportable segment restaurant-level profit to income (loss) before income taxes:Other non-reportable segment profit(3,692)(3,035)(791)General and administrative expenses120,500 101,491 70,037 Depreciation and amortization60,355 47,433 42,724 Restructuring and other costs580 6,080 5,923 Pre-opening costs12,197 15,718 19,313 Impairment and asset disposal costs5,055 4,899 19,753 Interest (income) expense, net(16,474)(8,852)47 Other income, net(318)(471)(919)Income (loss) before taxes$59,910 $14,048 $(58,894)

14.    SUBSEQUENT EVENTS

The Company is in the process of launching a strategic investment portfolio, which will be funded with cash and cash equivalents, that is expected to be finalized in the first quarter of 2025.  The Company expects to classify this portfolio as available for sale with changes in fair value being recorded as other comprehensive income.

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Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of such date. Our disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s