Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 51

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 51
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$(265)$58,822 $43,741 $15,081 Net income margin5.0 %7.4 %(2.4)%6.5 %7.0 %(0.5)%Adjusted EBITDA margin313.7 %13.7 %— %14.0 %13.7 %0.3 %Adjusted Net Income margin35.0 %6.2 %(1.2)%6.5 %5.9 %0.6 %

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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 $2.3 million of revenue is not included in CAVA Same Restaurant Sales Growth for the forty weeks ended October 6, 2024. Had this shift not been made, CAVA Same Restaurant Sales Growth would have been 11.6% in the forty weeks ended October 6, 2024 and immaterially impacted in the twelve weeks ended October 6, 2024.

2    Presented on a trailing thirteen period basis. For purposes of calculating CAVA AUV for the reporting period ended October 5, 2025, the applicable measurement period is the trailing thirteen periods ended October 5, 2025. For the reporting period ended October 6, 2024, the applicable measurement period is the trailing thirteen periods ended October 6, 2024, excluding the 53rd week of fiscal 2023.

3    See “Non-GAAP Financial Measures” below for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin and reconciliations of Adjusted EBITDA and Adjusted Net Income to net income, the most directly comparable GAAP measure. Adjusted EBITDA margin is Adjusted EBITDA as a 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 EndedForty Weeks EndedOctober 5,2025October 6,2024October 5,2025October 6,2024CAVA RestaurantsBeginning of period398 341 367 309