CAVA GROUP INC
For the period ended Oct 6, 2024. Filed Nov 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 6, 2024 · Filed Nov 13, 2024
CAVA$60.39-3.1%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
| CAVA GROUP, INC. | ||||
|---|---|---|---|---|
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Twelve Weeks Ended | Forty Weeks Ended | |||
| (in thousands, except per share amounts) | October 6,2024 | October 1,2023 | October 6,2024 | October 1,2023 |
| Revenue | $243,817 | $175,553 | $736,318 | $551,530 |
| Operating expenses: | ||||
| Restaurant operating expenses (excluding depreciation and amortization) | ||||
| Food, beverage, and packaging | 73,540 | 51,818 | 216,326 | 161,936 |
| Labor | 61,233 | 43,913 | 186,134 | 138,484 |
| Occupancy | 16,412 | 13,782 | 52,751 | 43,781 |
| Other operating expenses | 29,985 | 21,553 | 90,734 | 66,847 |
| Total restaurant operating expenses | 181,170 | 131,066 | 545,945 | 411,048 |
| General and administrative expenses | 29,830 | 24,472 | 91,951 | 76,817 |
| Depreciation and amortization | 14,325 | 11,528 | 45,380 | 35,096 |
| Restructuring and other costs | 230 | 1,092 | 582 | 5,160 |
| Pre-opening costs | 2,819 | 3,410 | 9,500 | 12,809 |
| Impairment and asset disposal costs | 1,675 | 1,190 | 3,795 | 4,295 |
| Total operating expenses | 230,049 | 172,758 | 697,153 | 545,225 |
| Income from operations | 13,768 | 2,795 | 39,165 | 6,305 |
| Interest income, net | (4,091) | (3,956) | (12,829) | (4,630) |
| Other income, net | (50) | (120) | (188) | (412) |
| Income before taxes | 17,909 | 6,871 | 52,182 | 11,347 |
| (Benefit from) provision for income taxes | (57) | 38 | 482 | 116 |
| Net income | $17,966 | $6,833 | $51,700 | $11,231 |
| Earnings per share: | ||||
| Basic | $0.16 | $0.06 | $0.45 | $0.26 |
| Diluted | $0.15 | $0.06 | $0.44 | $0.24 |
| Weighted-average common shares outstanding: | ||||
| Basic | 114,434 | 113,584 | 114,158 | 43,244 |
| Diluted | 118,430 | 117,713 | 118,191 | 45,966 |
| The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | ||||
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