Company: CAVA
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001628280-25-026077
Chunk: 8

Company: CAVA GROUP, INC.
Filing Date: 2025-05-16
Form: 10-Q
Item: Item 1
Chunk 8
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D CONSOLIDATED STATEMENTS OF OPERATIONSSixteen Weeks Ended(in thousands, except per share amounts)April 20,2025April 21,2024Revenue $331,826 $259,006 Operating expenses:Restaurant operating expenses (excluding depreciation and amortization)Food, beverage, and packaging97,559 73,947 Labor84,562 66,513 Occupancy24,408 20,422 Other operating expenses41,234 32,758 Total restaurant operating expenses247,763 193,640 General and administrative expenses41,394 33,840 Depreciation and amortization20,811 17,322 Restructuring and other costs— 282 Pre-opening costs4,481 3,379 Impairment and asset disposal costs1,667 1,290 Total operating expenses316,116 249,753 Income from operations15,710 9,253 Interest income, net(4,617)(4,914)Other income, net(27)(78)Income before taxes20,354 14,245 (Benefit from) provision for income taxes(5,353)252 Net income$25,707 $13,993 Earnings per share: Basic$0.22 $0.12 Diluted$0.22 $0.12 Weighted-average common shares outstanding:Basic115,525 113,972 Diluted118,437 117,936 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMESixteen Weeks Ended(in thousands)April 20,2025April 21,2024Net income$25,707 $13,993 Other comprehensive loss, net of tax:Unrealized loss on investments(71)— Total other comprehensive loss, net of tax(71)— Comprehensive income$25,636 $13,993 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 

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CAVA GROUP, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITYCommon StockTreasury StockAdditional Paid in CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders' Equity(in thousands)SharesAmount