About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...

Key TakeawaysShares of fast-casual Mediterranean chain Cava Group surged Wednesday, a day after its third-quarter results beat analysts' estimates.Revenue, profit, and same-store sales growth increased from a year ago.Cava again lifted its fiscal 2024 same-store sales growth outlook. Shares of Cava Group (CAVA) jumped 17% Wednesday, a day after the fast-casual Mediterranean chain reported third-quarter results above expectation and again lifted its fiscal 2024 same-store sales growth outlook. Cava reported ...

Shares of CAVA Group Inc (NYSE:CAVA) are gapping to new highs today, after the fast-casual restaurant name posted better-than-expected third-quarter earnings and revenue and lifted its full-year sales forecast. At last glance, CAVA was up 13.4% at $164.46, and earlier traded as high as $172.20. Publicly traded since June 2023, CAVA has been notching record peak after record peak as it adds to its 282% year-to-date lead. On the charts, the stock's 40-day moving average helped capture a light pullback this mo ...

For the quarter ended September 2024, Cava Group (CAVA) reported revenue of $243.82 million, up 38.9% over the same period last year. EPS came in at $0.15, compared to $0.06 in the year-ago quarter.The reported revenue represents a surprise of +3.70% over the Zacks Consensus Estimate of $235.13 million. With the consensus EPS estimate being $0.11, the EPS surprise was +36.36%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Tuesday, November 12, 2024The S&P 500 couldn’t keep its winning streak intact today, dipping just -17 points or -0.29% on the day. The Nasdaq slipped an identical -17 points, which was down -0.09% for the session. The Dow performed worse (likely selling off some froth), -382 points or -0.86%. The small-cap Russell 2000 fell hardest: -1.77% at the close.Bond yields were mildly warmer on the day, but are still climbing even after the equities markets take a breather. The 10-year yield is currently around +4.4 ...

Cava Group (CAVA) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this Mediterranean restaurant chain would post earnings of $0.13 per share when it actually produced earnings of $0.17, delivering a surprise of 30.77%. Over the last four qu ...

CAVA | --- | --- | --- | --- | |-------|------------------|-------|-------| | | | | | | | | | | | | Q3 2024 EARNINGS | | | | | SUPPLEMENTAL | | | | | MATERIALS | | | November 12, 2024 Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements in ...

Financial Data and Key Metrics - Revenue increased by 39% YoY to $241.5 million in Q3 2024 [30] - Same-restaurant sales grew by 18.1%, driven by a 12.9% increase in guest traffic and a 5.2% increase from menu price and product mix [30][31] - Adjusted EBITDA rose by 69.2% to $33.5 million, and net income surged by 162.9% to $18 million [8][36][37] - Free cash flow for the quarter was $23.4 million, a significant increase from the previous year [8][39] - Restaurant-level profit increased by 41.9% to $61.8 million, representing 25.6% of revenue [31] Business Line Data and Key Metrics - The company opened 11 net new restaurants in Q3, bringing the total to 352, a 21.4% YoY increase [8][30] - The new restaurant class of 2024 is the strongest yet, outperforming expectations and demonstrating the portability of the brand [17] - The Reimagined Loyalty Program contributed to a 200 basis points increase in loyalty sales as a percentage of revenue [20][88] Market Data and Key Metrics - The company is expanding into new markets like Chicago and plans to enter South Florida in early 2025, with additional Midwest markets targeted for 2025 [17] - The new Project Soul design, which emphasizes human connection and Mediterranean hospitality, is being incorporated into many new restaurants [18] Company Strategy and Industry Competition - The company is leveraging its Mediterranean hospitality and culinary innovation to differentiate itself in the market [10][11] - Strategic initiatives include the nationwide rollout of the Reimagined Loyalty Program, new labor scheduling models, and culinary innovations like the Garlic Ranch pita chips [15][21][23] - The company is focusing on sustainable growth, exceptional guest experiences, and investments in team members and infrastructure [28] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strength of the brand and the growing appeal of Mediterranean cuisine as a cultural category [10][11] - The company expects to open 56 to 58 net new restaurants in 2024, with same-restaurant sales growth of 12% to 13% and adjusted EBITDA between $121 million to $126 million [40] - For 2025, the company anticipates at least 17% net new restaurant unit growth and plans to maintain restaurant-level margins consistent with 2024 [43] Other Important Information - The company has zero debt outstanding, $367.2 million in cash, and access to a $75 million undrawn revolver [38] - The Connected Kitchen initiative, including generative AI video technology, is being tested in four restaurants to improve operational efficiency [24][25] Q&A Session Summary Question: Labor Scheduling Model and AUV Opportunities - The new labor scheduling model reallocates hours to peak periods and has shown early success in improving sales and guest experience in lower-volume restaurants [46][47][48] Question: Comp Drivers for 2025 - Key drivers for 2025 include loyalty program enhancements, menu innovations like the Garlic Ranch pita chips, and the continued impact of steak offerings [50][51][52] Question: Sequential Same-Store Sales Increase - The increase in same-store sales from Q2 to Q3 was consistent, with a two-year stack of around 33% in Q2 and 32% in Q3 [54][55] Question: Restaurant Margin Long-Term Outlook - The company aims to maintain restaurant-level margins around 25%, with potential for leverage as AUVs increase [57][58][59] Question: Brand Awareness Growth - Brand awareness has increased by 8 percentage points since the IPO, with strong growth across all demographics, particularly among younger cohorts [61][62] Question: 2025 Unit Growth and Market Strategy - The company expects at least 17% unit growth in 2025, driven by a strong pipeline and balanced growth in new and existing markets [65][66][67] Question: New Store Volumes and Market Entry Strategy - New restaurants are performing exceptionally well, with a balanced approach to growth in established, greenfield, and emerging markets [82][83][84] Question: Loyalty Program Impact - The loyalty program contributed to a 200 basis points increase in loyalty sales as a percentage of revenue, with potential benefits to frequency and overall sales [88] Closing Remarks - The company is well-positioned to capitalize on the growing opportunity in the Mediterranean cuisine category, driven by strong execution and a focus on human connections [91]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 6, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-41721 CAVA Group, Inc. (Exact name of registrant as specified in its charter) Delaware 47-34266 ...