Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 14

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 14
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731 $487,674 CPG revenue and other2,366 2,111 5,710 4,827 Revenue$280,615 $233,495 $612,441 $492,501 Revenue from the redemption of the Company’s gift cards and loyalty program is included in restaurant revenue. Revenue recognized from the redemption of gift cards, included in the gift card liability at the beginning of the year, was 

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$0.5 million and $0.4 million during the twelve weeks ended July 13, 2025 and July 14, 2024, respectively. Revenue recognized from the redemption of gift cards, included in the gift card liability at the beginning of the year, was $1.9 million and $1.2 million during the twenty-eight weeks ended July 13, 2025 and July 14, 2024, respectively.Changes in the CAVA Rewards liability, which is included in accrued expenses and other on the accompanying consolidated balance sheets, were as follows:Twelve Weeks EndedTwenty-Eight Weeks Ended(in thousands)July 13,2025July 14,2024July 13,2025July 14,2024CAVA Rewards liability, beginning balance$4,103 $1,885 $3,778 $1,787 Revenue deferred2,791 2,471 6,145 5,523 Revenue recognized(2,992)(1,867)(6,021)(4,821)CAVA Rewards liability, ending balance$3,902 $2,489 $3,902 $2,489 

3.     INVESTMENTS

Fixed income debt securitiesThe Company launched an investment portfolio consisting of fixed income debt securities in the current year, which was funded with cash and cash equivalents on hand. These investments, which may be sold prior to their contractual maturity, are designated as available-for-sale and are carried at fair value. The difference between amortized cost, net of any credit loss allowances, and fair value is reflected as a component of accumulated other comprehensive loss, net of tax. Fixed income debt securities are presented within investments at fair value on the accompanying unaudited condensed consolidated balance sheet. Note ReceivableDuring the twelve weeks ended July 13, 2025, the Company made a $5.0 million investment in a convertible promissory note of Hyphen Technologies, Inc. (the “Note Receivable”), which develops and