Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 7

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 1
Chunk 7
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Item 1. Financial Statements

CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except per share amount)April 20,2025December 29,2024ASSETSCurrent assets:Cash and cash equivalents$289,350 $366,120 Trade accounts receivable, net7,267 4,799 Other accounts receivable8,650 8,197 Investments at fair value (amortized cost of $80,013)79,917 — Inventories7,280 7,600 Prepaid expenses and other10,561 7,438 Total current assets403,025 394,154 Property and equipment, net390,576 372,902 Operating lease assets348,010 321,832 Goodwill1,944 1,944 Intangible assets, net1,579 1,355 Deferred income taxes76,915 71,537 Other long-term assets6,314 5,945 Total assets$1,228,363 $1,169,669 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$25,980 $25,573 Accrued expenses and other63,718 69,822 Operating lease liabilities, current44,580 37,241 Total current liabilities134,278 132,636 Operating lease liabilities367,911 341,467 Total liabilities502,189 474,103 Commitments and Contingencies (Note 9)Stockholders' equity:Common stock, par value $0.0001 per share; 2,500,000 shares authorized; 115,656 and 115,093 issued and outstanding, respectively12 12 Treasury stock, at cost; 1,431 shares and 1,431 shares(34,377)(34,377)Additional paid-in capital1,052,247 1,047,275 Accumulated deficit(291,637)(317,344)Accumulated other comprehensive loss(71)— Total stockholders’ equity726,174 695,566 Total liabilities and stockholders' equity$1,228,363 $1,169,669 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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CAVA GROUP, INC. UNAUDITED CONDENSE