secwatch.observer — SEC 8-K summary
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Issuer:     CAVA GROUP, INC. (CAVA)
CIK:        0001639438
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001628280-24-007007
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/0001628280-24-007007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639438/000162828024007007/cava-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer