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

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 25
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 consumer-packaged goods (“CPG”) business. CAVA is the Company’s only reportable segment as CAVA Foods is below the quantitative thresholds for segment reporting purposes. See Item 1. “Financial Statements,” Note 12 (Segment Reporting) for more information.

Key Performance Measures

In assessing the performance of our business, in addition to considering a variety of measures in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), our management team also considers a variety of other key performance measures, including non-GAAP measures. The key performance measures used by our management for determining how our business is performing are detailed in the table below.

We believe that these key financial measures provide useful information to users of our financial statements in understanding and evaluating our results of operations in the same manner as our management team. The presentation of these key performance measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin, which are non-GAAP financial measures, is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. See “Non-GAAP Financial Measures” below.

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The following table sets forth our key performance measures:

Twelve Weeks EndedTwenty-Eight Weeks Ended($ in thousands)July 13,2025July 14,2024ChangeJuly 13,2025July 14,2024ChangeCAVA Revenue$278,249 $231,384 $46,865 $606,731 $487,674 $119,057 CAVA Same Restaurant Sales Growth12.1 %14.4 %(12.3)%6.6 %7.8 %(1.2)%CAVA AUV2$2,939 $2,689 $250 N/AN/AN/ACAVA Restaurant-Level Profit$73,262 $61,265 $11,997 $155,567 $125,881 $29,686 CAVA Restaurant-Level Profit Margin26.3 %26.5 %(0.2)%25.6 %25.8 %(0.2)%Net New CAVA Restaurant Openings16 18 (2)31 32 (1)CAVA Digital Revenue Mix37.3 %35.8 %1.5 %37.6 %36.4 %1.2 %Net