---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007007"
form_type: "8-K"
ticker: "CAVA"
cik: "0001639438"
company_name: "CAVA GROUP, INC."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:02:58.363722+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CAVA Group Q4/FY2023: Revenue up 59.8% to $717M, net income $13.3M vs loss $59M

## Summary
- Full year revenue $717.1M (+59.8% YoY); CAVA same-restaurant sales +17.9% (traffic +10.4%).
- Net income $13.3M vs net loss $59.0M in FY2022; Adjusted EBITDA $73.8M (+$61.2M YoY).
- Q4 revenue $175.5M (+52.5%); net income $2.0M vs loss $18.8M; restaurant-level profit margin 22.4% (+240 bps).
- Opened 72 net new CAVA restaurants in FY2023, total 309 (+30.4% YoY); AUV $2.6M.
- Digital revenue mix 36.0%; fiscal 2023 included 53rd week contributing ~$11M revenue.

## SEC filing metadata
- accession: 0001628280-24-007007
- form_type: 8-K
- ticker: CAVA
- cik: 0001639438
- company_name: CAVA GROUP, INC.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/0001628280-24-007007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/cava-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007007
- JSON: https://secwatch.observer/filing/0001628280-24-007007.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007007.txt

## Key facts
- Earnings Releases
  CAVA GROUP, INC. reported the fourth quarter ended December 31, 2023 results: revenue $175.5 million, net income $2.0 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $175.5 million
  - Net income: $2.0 million
  - Result: reported results
  source text: CAVA Revenue grew 52.5% to $175.5 million as compared to $115.0 million in the prior year quarter. • Net New CAVA Restaurant Openings of 19, bringing total CAVA Restaurants to 309, a 30.4% increase in total CAVA Restaurants year over year. • CAVA Same Restaurant Sales Growth of 11.4%, which excludes the 53rd week of fiscal 2023. • CAVA Restaurant-Level Profit of $39.3 million or growth of 70.7% over the prior year quarter, with CAVA Restaurant-Level Profit Margin of 22.4%, a 240 basis point increase over the prior year quarter. • CAVA Digital Revenue Mix was 35.9%. • CAVA Group Net Income of $2.0 million compared to net loss of $18.8 million in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/0001628280-24-007007-index.htm
- Earnings Releases
  CAVA GROUP, INC. reported the fiscal year ended December 31, 2023 results: revenue $717.1 million, net income $13.3 million.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $717.1 million
  - Net income: $13.3 million
  - Result: reported results
  source text: CAVA Revenue grew 59.8% to $717.1 million as compared to $448.6 million in the prior year. • Net New CAVA Restaurant Openings of 72 • CAVA Same Restaurant Sales Growth of 17.9%, which excludes the 53rd week of fiscal 2023. • CAVA AUV of $2.6 million, excluding the 53rd week of fiscal 2023, as compared to $2.4 million in the prior year. • CAVA Restaurant-Level Profit of $177.5 million or growth of 94.8% over the prior year, with CAVA Restaurant-Level Profit Margin of 24.8%, a 450 basis point increase over the prior year. • CAVA Digital Revenue Mix was 36.0%. 1 • CAVA Group Net Income of $13.3 million compared to net loss of $59.0 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/0001628280-24-007007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.