Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 237

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 237
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)Stockholders' equity:Common stock, par value $0.0001 per share; 2,500,000 authorized; 115,093 and 113,708 issued and outstanding, respectively12 11 Treasury stock, at cost; 1,431 shares and 1,086 shares, respectively(34,377)(9,727)Additional paid-in capital1,047,275 1,028,181 Accumulated deficit(317,344)(447,663)Total stockholders’ equity695,566 570,802 Total liabilities and stockholders' equity$1,169,669 $983,757 The accompanying notes are an integral part of these consolidated financial statements.

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CAVA GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONSFiscal Year Ended(in thousands, except per share amounts)December 29,2024December 31,2023December 25,2022Revenue $963,713 $728,700 $564,119 Operating expenses:Restaurant operating costs (excluding depreciation and amortization)Food, beverage, and packaging284,743 213,458 179,988 Labor247,490 187,326 157,891 Occupancy69,851 58,319 53,669 Other operating expenses119,824 89,251 74,587 Total restaurant operating expenses721,908 548,354 466,135 General and administrative expenses120,500 101,491 70,037 Depreciation and amortization60,355 47,433 42,724 Restructuring and other costs580 6,080 5,923 Pre-opening costs12,197 15,718 19,313 Impairment and asset disposal costs5,055 4,899 19,753 Total operating expenses920,595 723,975 623,885 Income (loss) from operations43,118 4,725 (59,766)Interest (income) expense, net(16,474)(8,852)47 Other income, net(318)(471)(919)Income (loss) before taxes59,910 14,048 (58,894)(Benefit from) provision for income taxes(70,409)768 93 Net income (loss)$130,319 $13,280 $(58,987)Earnings (loss) per shareBasic$1.