Company: CAVA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049080
Chunk: 30

Company: CAVA GROUP, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 30
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 3,303 23.1 Restructuring and other costs— — 230 0.1 (230)(100.0)Pre-opening costs4,942 1.7 2,819 1.2 2,123 75.3 Impairment and asset disposal costs1,176 0.4 1,675 0.7 (499)(29.8)Total operating expenses275,117 94.1 230,049 94.4 45,068 19.6 Income from operations17,121 5.9 13,768 5.6 3,353 24.4 Interest income, net(3,575)(1.2)(4,091)(1.7)516 (12.6)Other expense (income), net30 — (50)— 80 (160.0)Income before taxes20,666 7.1 17,909 7.3 2,757 15.4 Provision for (benefit from) income taxes5,919 2.0 (57)— 5,976 N/MNet income$14,747 5.0 %$17,966 7.4 %$(3,219)(17.9)%

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N/M data not meaningful

Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses:

The increases in Revenue, Food, beverage, and packaging, Labor, Occupancy, and Other operating expenses are primarily driven by the growth of our CAVA Segment. Refer to “CAVA Segment Results” above for more information.

General and administrative expenses:

The increase in general and administrative expenses was primarily due to investments to support future growth and executive transition costs, partially offset by lower performance-based incentive compensation and legal costs. 

Depreciation and amortization:

The increase in depreciation and amortization was primarily driven by the addition of assets from the 74 Net New CAVA Restaurant Openings during or subsequent to the twelve weeks ended October 6, 2024 and technology improvements. 

Pre-opening costs:

The increase in pre-opening costs was due to the volume of new CAVA restaurants under construction and higher costs on a per unit basis.

Interest income, net:

The decrease in interest income, net, was due to lower interest rates on short term investments in the current quarter.

19

Provision for (benefit from