CAVA Q3 revenue up 49.5% to $173.8M; net income $6.8M vs loss; same-restaurant sales +14.1%

CAVA GROUP, INC.

2023-Q3 EPS reported $0.24 revenue$551,530,000

Revenue $173.8M, +49.5% YoY; CAVA same-restaurant sales +14.1% (7.6% traffic, 6.5% price/mix).
Net income of $6.8M vs net loss of $11.9M in prior year quarter; Adjusted EBITDA $19.8M vs $4.8M.
Restaurant-level profit margin 25.1%, +340 bps; 11 net new restaurants, total 290.
Digital revenue mix 35.5%; AUV $2.6M vs $2.4M in prior year quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CAVA GROUP, INC. reported the fiscal quarter ended October 1, 2023 results: revenue $173.8 million, net income $6.8 million.

Period: the fiscal quarter ended October 1, 2023
Revenue: $173.8 million
Net income: $6.8 million
Result: reported results

Exact text from the filing

market share and deliver on our extraordinary, long-term potential," said Brett Schulman, Co-Founder and CEO. Fiscal Third Quarter 2023 Highlights: • CAVA Revenue grew 49.5% to $173.8 million as compared to $116.2 million in the prior year quarter. • Net New CAVA Restaurant Openings of 11, bringing total CAVA Restaurants to 290, a 35.5% increase in total CAVA

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Source: SEC EDGAR

accession 0001628280-23-037366

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