Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 11

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 11
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— 8,505 Shares purchased under equity plans204 — — — 2,576 — — 2,576 RSU vesting655 — — — — — — — Net income— — — — — 44,075 — 44,075 Other comprehensive loss, net of taxes— — — — — — (13)(13)Balance—July 13, 2025115,952 $12 1,431 $(34,377)$1,058,356 $(273,269)$(13)$750,709 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSTwenty-Eight Weeks Ended(in thousands)July 13,2025July 14,2024Cash flows from operating activities:Net income$44,075 $33,734 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization37,626 31,055 Unrealized gain on convertible promissory note(429)— Equity-based compensation8,505 6,949 Impairment and asset disposal costs2,741 2,120 Changes in operating assets and liabilities:Trade accounts receivable(2,838)(2,265)Other accounts receivable(619)261 Inventories(394)(1,558)Prepaid expenses and other(1,935)(143)Operating lease assets(46,222)(15,588)Accounts payable2,838 3,764 Accrued expenses and other359 6,022 Operating lease liabilities55,188 22,944 Net cash provided by operating activities98,895 87,295 Cash flows from investing activities: Purchases of property and equipment(76,994)(59,882)Purchases of debt securities(100,822)— Investment in convertible promissory note(5,000)— Proceeds from principal payments on debt securities5,397 — Net cash used in investing activities(177,419)(59,882)Cash flows from financing activities:Tax withholding on equity-based compensation awards— (17,339)Shares purchased under equity plans2,576 1,291 Payments on finance lease