Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 22

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 1
Chunk 22
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14

The following table sets forth our key performance measures:

Sixteen Weeks Ended($ in thousands)April 20,2025April 21,2024ChangeCAVA Revenue$328,482 $256,290 $72,192 CAVA Same Restaurant Sales Growth110.8 %2.3 %8.5 %CAVA AUV2$2,933 $2,608 $325 CAVA Restaurant-Level Profit$82,305 $64,616 $17,689 CAVA Restaurant-Level Profit Margin25.1 %25.2 %(0.1)%CAVA Restaurants382 323 59 Net New CAVA Restaurant Openings15 14 1 CAVA Digital Revenue Mix38.0 %37.0 %1.0 %Net income$25,707 $13,993 $11,714 Adjusted EBITDA3$44,850 $33,317 $11,533 Adjusted Net Income3$25,707 $11,941 $13,766 Net income margin7.7 %5.4 %2.3 %Adjusted EBITDA margin313.5 %12.9 %0.6 %Adjusted Net Income margin37.7 %4.6 %3.1 %

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1    To achieve an optimal comparison of fiscal weeks in the CAVA Same Restaurant Sales Growth calculation in fiscal 2024, giving consideration to holiday periods, each week of fiscal 2023 was shifted by one week. As a result of this shift, approximately $3.9 million of revenue is not included in CAVA Same Restaurant Sales Growth for the sixteen weeks ended April 21, 2024.  Had this shift not been made, CAVA Same Restaurant Sales Growth would have been 4.3% in the sixteen weeks ended April 21, 2024.

2    Presented on a trailing thirteen period basis. For purposes of calculating CAVA AUV for the reporting period ended April 20, 2025, the applicable measurement period is the trailing thirteen periods ended April 20, 2025. For the reporting period ended April 21, 2024, the applicable measurement period is the trailing thirteen periods ended April 21, 2024, excluding the 53rd week of fiscal 2023.

3    See “Non-GAAP Financial Measures”