CAVA GROUP INC
For the period ended Jul 14, 2024. Filed Aug 23, 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.
Jul 14, 2024 · Filed Aug 23, 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 | Twenty-Eight Weeks Ended | |||
| (in thousands, except per share amounts) | July 14,2024 | July 9,2023 | July 14,2024 | July 9,2023 |
| Revenue | $233,495 | $172,894 | $492,501 | $375,977 |
| Operating expenses: | ||||
| Restaurant operating expenses (excluding depreciation and amortization) | ||||
| Food, beverage, and packaging | 68,839 | 51,000 | 142,786 | 110,118 |
| Labor | 58,388 | 42,417 | 124,901 | 94,571 |
| Occupancy | 15,917 | 13,400 | 36,339 | 29,999 |
| Other operating expenses | 27,991 | 20,646 | 60,749 | 45,294 |
| Total restaurant operating expenses | 171,135 | 127,463 | 364,775 | 279,982 |
| General and administrative expenses | 28,281 | 23,321 | 62,121 | 52,345 |
| Depreciation and amortization | 13,733 | 10,709 | 31,055 | 23,568 |
| Restructuring and other costs | 70 | 1,853 | 352 | 4,068 |
| Pre-opening costs | 3,302 | 3,400 | 6,681 | 9,399 |
| Impairment and asset disposal costs | 830 | 386 | 2,120 | 3,105 |
| Total operating expenses | 217,351 | 167,132 | 467,104 | 372,467 |
| Income from operations | 16,144 | 5,762 | 25,397 | 3,510 |
| Interest income, net | (3,824) | (699) | (8,738) | (674) |
| Other income, net | (60) | (118) | (138) | (292) |
| Income before income taxes | 20,028 | 6,579 | 34,273 | 4,476 |
| Provision for income taxes | 287 | 40 | 539 | 78 |
| Net income | $19,741 | $6,539 | $33,734 | $4,398 |
| Earnings per share: | ||||
| Basic | $0.17 | $0.23 | $0.30 | $0.34 |
| Diluted | $0.17 | $0.21 | $0.29 | $0.29 |
| Weighted-average common shares outstanding: | ||||
| Basic | 114,130 | 28,366 | 114,040 | 13,098 |
| Diluted | 118,291 | 31,279 | 118,088 | 15,212 |
| The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | ||||
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