Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 50

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 50
---
 Generally Accepted Accounting Principles (“GAAP”), our management team also considers a variety of other key performance measures, including non-GAAP measures. The key performance measures used by our management for determining how our business is performing are detailed in the table below.

We believe that these key financial measures provide useful information to users of our financial statements in understanding and evaluating our results of operations in the same manner as our management team. The presentation of these key performance measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin, which are non-GAAP financial measures, is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. See “Non-GAAP Financial Measures” below.

15

Table of Contents

The following table sets forth our key performance measures:

Twelve Weeks EndedForty Weeks Ended($ in thousands)October 5,2025October 6,2024ChangeOctober 5,2025October 6,2024ChangeCAVA Revenue$289,787 $241,499 $48,288 $896,518 $729,173 $167,345 CAVA Same Restaurant Sales Growth11.9 %18.1 %(16.2)%5.1 %11.1 %(6.0)%CAVA AUV2$2,935 $2,784 $151 N/AN/AN/ACAVA Restaurant-Level Profit$71,165 $61,819 $9,346 $226,732 $187,700 $39,032 CAVA Restaurant-Level Profit Margin24.6 %25.6 %(1.0)%25.3 %25.7 %(0.4)%Net New CAVA Restaurant Openings17 11 6 48 43 5 CAVA Digital Revenue Mix37.6 %35.8 %1.8 %37.6 %36.2 %1.4 %Net income$14,747 $17,966 $(3,219)$58,822 $51,700 $7,122 Adjusted EBITDA3$40,042 $33,479 $6,563 $126,996 $101,144 $25,852 Adjusted Net Income3$14,747 $15,012