Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 33

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 33
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, VA in the first quarter of fiscal 2024.

21

Consolidated Results

The following table summarizes our consolidated results of operations:

Forty Weeks Ended(in thousands)October 5,2025October 6,2024Change$% of Revenue$% of Revenue$%Revenue $904,679 100.0 %$736,318 100.0 %$168,361 22.9 %Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging268,798 29.7 216,326 29.4 52,472 24.3 Labor227,907 25.2 186,134 25.3 41,773 22.4 Occupancy62,722 6.9 52,751 7.2 9,971 18.9 Other operating expenses114,142 12.6 90,734 12.3 23,408 25.8 Total restaurant operating expenses673,569 74.5 545,945 74.1 127,624 23.4 General and administrative expenses104,944 11.6 91,951 12.5 12,993 14.1 Depreciation and amortization55,254 6.1 45,380 6.2 9,874 21.8 Restructuring and other costs— — 582 0.1 (582)(100.0)Pre-opening costs14,519 1.6 9,500 1.3 5,019 52.8 Impairment and asset disposal costs3,917 0.4 3,795 0.5 122 3.2 Total operating expenses852,203 94.2 697,153 94.7 155,050 22.2 Income from operations52,476 5.8 39,165 5.3 13,311 34.0 Interest income, net(11,773)(1.3)(12,829)(1.7)1,056 (8.2)Other income, net(471)(0.1)(188)— (283)150.5 Income before taxes64,720 7.2 52,182 7.1 12,538 24.0 Provision for income