CAVA Q2 revenue up 62.4% to $171.1M; net income of $6.5M vs loss a year ago

CAVA GROUP, INC.

2023-Q2 EPS reported $0.29 revenue$375,977,000

CAVA same-restaurant sales grew 18.2% (10.3% traffic, 7.9% price/mix) YoY.
Restaurant-level profit margin 26.1% (+400 bps); 16 net new CAVA openings, total 279 restaurants.
Adjusted EBITDA $21.6M vs $5.9M in prior-year quarter; CAVA AUV rose to $2.6M.
Digital revenue mix held at 36.1%; general & admin expenses 13.5% of revenue.
Net income $6.5M (3.8% of revenue) compared to net loss of $8.2M in Q2 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CAVA GROUP, INC. reported fiscal second quarter ended July 9, 2023 results: revenue $171.1 million, net income $6.5 million.

Period: fiscal second quarter ended July 9, 2023
Revenue: $171.1 million
Net income: $6.5 million
Result: reported results

Exact text from the filing

"Our performance is representative of the momentum we've gained and continued focus on execution as we grow." Fiscal Second Quarter 2023 Highlights: • CAVA Revenue grew 62.4% to $171.1 million as compared to $105.3 million in the prior year quarter. • Net New CAVA Restaurant Openings of 16, bringing total CAVA Restaurants to 279, a 43.1% increase in total CAVA

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

CAVA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-029563

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.