Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 27

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 27
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 percentage of revenue. Adjusted Net Income margin is Adjusted Net Income as a percentage of revenue.

CAVA Restaurants and Net New CAVA Restaurant Openings

The following table details CAVA Restaurant unit data:

Twelve Weeks EndedTwenty-Eight Weeks EndedJuly 13,2025July 14,2024July 13,2025July 14,2024CAVA RestaurantsBeginning of period382 323 367 309New CAVA Restaurant openings16 18 31 33Permanent closure— — — (1)End of period398 341 398 341 

Results of Operations

Our results of operations, on a consolidated basis and by segment, for the twelve and twenty-eight weeks ended July 13, 2025 and July 14, 2024, are set forth below. We present our segment results before our consolidated results as we believe that our CAVA segment is more useful and meaningful in assessing the performance of our business, which is mainly driven by our CAVA segment.

16

Comparison of the twelve weeks ended July 13, 2025 and July 14, 2024

CAVA Segment Results

The following table summarizes the results of the CAVA segment:

Twelve Weeks EndedJuly 13,2025July 14,2024Change(in thousands)$% of Revenue$% of Revenue$%Revenue$278,249 100.0 %$231,384 100.0 %$46,865 20.3 %Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging82,210 29.5 67,989 29.4 14,221 20.9 Labor69,496 25.0 58,388 25.2 11,108 19.0 Occupancy18,791 6.8 15,917 6.9 2,874 18.1 Other operating expenses34,490 12.4 27,825 12.0 6,665 24.0 Total restaurant operating expenses204,987 73.7 170,119 73.5 34,868 20.5 Restaurant-level profit$73,262 26.3 %$61,265 26.5 %$11,997 19.6 %

CAVA Revenue:

The increase in CAVA Revenue was primarily due to a $41.9 million increase from the