Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 232

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 232
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Table of Contents

Item 8. Financial Statements and Supplementary Data

Index to Consolidated Financial Statements

PageReport of Independent Registered Public Accounting Firm (PCAOB ID No. 34)59Consolidated Balance Sheets as of December 29, 2024 and December 31, 202363Consolidated Statements of Operations for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202264Consolidated Statements of Preferred Stock and Stockholders’ Equity for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202265Consolidated Statements of Cash Flows for the Fiscal Years Ended December 29, 2024, December 31, 2023, and December 25, 202266Notes to Consolidated Financial Statements68Note 1. Nature of Operations68Note 2. Basis of Presentation and Significant Accounting Policies68Note 3. Revenue73Note 4. Fair Value73Note 5. Supplemental Balance Sheet Information74Note 6. Debt74Note 7. Income Taxes75Note 8. Leases77Note 9. Commitments and Contingencies78Note 10. Related Party Transactions78Note 11. Equity-based Compensation79Note 12. Earnings (loss) Per Share80Note 13. Segment Reporting81Note 14. Subsequent Events82

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Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and the Board of Directors of CAVA Group, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of CAVA Group, Inc. and subsidiaries (the "Company") as of December 29, 2024 and December 31, 2023, the related consolidated statements of operations, preferred stock and stockholders’ equity, and cash flows, for each of the three years in the periods ended December 29, 2024, December 31, 2023, and December 25, 2022, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for each of the three years in the periods ended December