Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 45

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 2
Chunk 45
---
.6 8,476 25.9 Total restaurant operating expenses247,763 74.7 193,640 74.8 54,123 28.0 General and administrative expenses41,394 12.5 33,840 13.1 7,554 22.3 Depreciation and amortization20,811 6.3 17,322 6.7 3,489 20.1 Restructuring and other costs— — 282 0.1 (282)(100.0)Pre-opening costs4,481 1.4 3,379 1.3 1,102 32.6 Impairment and asset disposal costs1,667 0.5 1,290 0.5 377 29.2 Total operating expenses316,116 95.3 249,753 96.4 66,363 26.6 Income from operations15,710 4.7 9,253 3.6 6,457 69.8 Interest income, net(4,617)(1.4)(4,914)(1.9)297 (6.0)Other income, net(27)— (78)— 51 (65.4)Income before taxes20,354 6.1 14,245 5.5 6,109 42.9 (Benefit from) provision for income taxes(5,353)(1.6)252 0.1 (5,605)N/MNet income$25,707 7.7 %$13,993 5.4 %$11,714 83.7 %

__________________

N/M data not meaningful

Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses:

The increases in Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses are primarily driven by the growth of our CAVA Segment. Refer to “CAVA Segment Results” above for more information.

General and administrative expenses:

The increase in general and administrative expenses was primarily due to investments to support future growth and higher equity-based compensation, including payroll taxes arising from the vesting of RSUs. 

Depreciation and amortization:

The increase in depreciation and amortization was primarily driven by the addition of assets from the 73 Net New CAVA Restaurant Openings