secwatch.observer — SEC 8-K summary
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Issuer:     CAVA GROUP, INC. (CAVA)
CIK:        0001639438
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001628280-24-025421
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CAVA Group Q1 2024 revenue up 30.3% to $256.3M; first-ever positive free cash flow
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- Net income of $14.0M vs. net loss of $2.1M in prior-year quarter; adjusted EBITDA of $33.3M, up 99%.
- CAVA same-restaurant sales grew 2.3% (4.3% adjusted for calendar shift); digital mix 37%.
- Restaurant-level profit margin 25.2% vs. 25.4% last year; 14 net new restaurants opened, total 323.
- First quarter of positive free cash flow at $4.7M; operating cash flow of $38.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639438/000162828024025421/0001628280-24-025421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639438/000162828024025421/cava-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-025421

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