Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 23

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 23
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 performance and allocates resources based upon restaurant-level profit, which is defined as segment revenues less food, beverage, and packaging, labor, occupancy, and other operating expenses. Restaurant-level 

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profit is used to measure the segment’s profitability as corporate-level expenses are excluded from such measure. The CODM uses restaurant-level profit for each segment in the annual budget to make decisions about the allocation of resources, with the monitoring of actual results to determine appropriate changes to such allocation. All segment revenue is earned in the United States, and all intersegment revenues have been eliminated. Intersegment revenues represent the sale, from CAVA Foods to CAVA, of dips, spreads, and certain dressing bases used in CAVA restaurants. Sales from external customers are derived principally from sales of food, beverage, and CPG. The Company does not rely on any major customers as sources of sales. As the CODM does not review asset information by segment, assets are reported only on a consolidated basis. Other includes the CAVA Foods CPG business.The following table presents financial information about the Company’s reportable segment and includes reconciliations of CAVA segment revenue and restaurant-level profit to the Company’s consolidated revenue and income before taxes: Twelve Weeks EndedForty Weeks Ended(in thousands)October 5,2025October 6,2024October 5,2025October 6,2024Reportable segment revenueCAVA$289,787 $241,499 $896,518 $729,173 Reconciliation of reportable segment revenue to consolidated revenue:Other revenue2,451 2,318 8,161 7,145 Total consolidated revenue$292,238 $243,817 $904,679 $736,318 Significant segment expensesCAVAFood, beverage, and packaging$87,245 $72,230 $265,679 $212,414 Labor73,849 61,233 227,907 186,134 Occupancy19,523 16,412 62,722 52,751 Other operating expenses138,005 29,805 113,478 90,174 Total CAVA segment expenses218,622 179,680 669,786 541,473 Reportable segment restaurant-level profitCAVA71,165 61,819 226,732 187,700 Reconciliation of total reportable segment restaurant-level profit to income before taxes:Other non-reportable segment profit(1,