Company: CAVA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001639438-25-000007
Chunk: 23

Company: CAVA GROUP, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 23
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 represent the sale, from CAVA Foods to CAVA, of dips and spreads used in CAVA restaurants. Sales from external customers are derived principally from sales of food, beverage, and CPG. The Company does not rely on any major customers as sources of sales. As the CODM does not review asset information by segment, assets are reported only on a consolidated basis. Other includes the CAVA Foods CPG business.The following table presents financial information about the Company’s reportable segment and includes reconciliations of CAVA segment revenue and restaurant-level profit to the Company’s consolidated revenue and income before taxes: Twelve Weeks EndedTwenty-Eight Weeks Ended(in thousands)July 13,2025July 14,2024July 13,2025July 14,2024Reportable segment revenueCAVA$278,249 $231,384 $606,731 $487,674 Reconciliation of reportable segment revenue to consolidated revenue:Other revenue2,366 2,111 5,710 4,827 Total consolidated revenue$280,615 $233,495 $612,441 $492,501 Significant segment expensesCAVAFood, beverage, and packaging$82,210 $67,989 $178,434 $140,184 Labor69,496 58,388 154,058 124,901 Occupancy18,791 15,917 43,199 36,339 Other operating expenses134,490 27,825 75,473 60,369 Total CAVA segment expenses204,987 170,119 451,164 361,793 Reportable segment restaurant-level profitCAVA73,262 61,265 155,567 125,881 Reconciliation of total reportable segment restaurant-level profit to income before taxes:Other non-reportable segment profit(1,419)(1,095)(3,177)(1,845)General and administrative expenses32,051 28,281 73,445 62,121 Depreciation and amortization16,815 13,733 37,626 31,055 Restructuring and other costs— 70 — 352 Pre-opening costs5,096 3,302 9,577 6,681 Impairment and asset disposal costs1,074 830 2,741 2,120 Interest income, net(3,581)(3,