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Core Insights - CAVA Group, Inc. reported strong first-quarter fiscal 2025 results, with earnings and revenues exceeding expectations, showing year-over-year growth [1][2] Financial Performance - Adjusted earnings per share (EPS) for the quarter were 22 cents, surpassing the consensus estimate of 14 cents, and up from 10 cents in the prior-year quarter [2] - Quarterly revenues reached $331.8 million, exceeding the consensus mark by 0.4% and reflecting a 28.1% increase year-over-year, driven by a 10.8% rise in same-restaurant sales and contributions from 73 new restaurant openings [2] Operating Highlights - General and administrative expenses were $41.4 million, representing 12.5% of revenues, down from 13.1% in the prior-year quarter [3] - Excluding equity-based compensation, these expenses were $34.7 million (10.5% of revenues), compared to $28.7 million (11.1%) in the same period last year, with a 60 basis point improvement attributed to sales leverage [4] Profitability Metrics - Adjusted EBITDA was reported at $44.9 million, an increase from $33.9 million in the prior-year quarter, with an adjusted EBITDA margin of 13.5% compared to 12.9% previously [5] - Restaurant-level profit margin was 25.1%, slightly down from 25.2% in the first quarter of fiscal 2024, impacted by higher input costs and wage investments, partially offset by higher sales leverage [6] Balance Sheet - As of April 30, 2025, cash and cash equivalents stood at $289.4 million, down from $366.1 million as of December 29, 2024, while total liabilities increased to $502.2 million from $474.1 million [7] Fiscal 2025 Outlook - CAVA plans to open 64-68 net new restaurants, an increase from the previous range of 62-66, with same-restaurant sales growth expected between 6-8% [8] - The anticipated restaurant-level profit margin is projected to be between 24.8% and 25.2%, with pre-opening costs estimated at $14.5 million to $15.5 million [9]

Cava Group (CAVA) reported $331.83 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 28.1%. EPS of $0.22 for the same period compares to $0.12 a year ago.The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $330.64 million. With the consensus EPS estimate being $0.14, the EPS surprise was +57.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Cava Group (CAVA) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this Mediterranean restaurant chain would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%.Over the last four qua ...

Financial Data and Key Metrics Changes - Revenue in Q1 2025 grew 28.2% year over year to $328.5 million [21] - Same restaurant sales increased by 10.8%, driven by a traffic growth of 7.5% [21] - Adjusted EBITDA for the quarter was $44.9 million, a 34.6% increase compared to Q1 2024 [24] - Net income reached $25.7 million, an 83.7% increase over Q1 2024 [25] - Free cash flow for the quarter was $2.7 million [27] Business Line Data and Key Metrics Changes - Cava restaurant level profit was $82.3 million, representing 25.1% of revenue, compared to 25.2% in Q1 2024 [22] - The company opened 15 net new restaurants, bringing the total to 382 [21] Market Data and Key Metrics Changes - The company expanded its footprint to 26 states and the District of Columbia, entering Indiana and deepening its presence in Florida [9][10] - The performance in new markets, such as Indianapolis and South Florida, has exceeded expectations [78] Company Strategy and Development Direction - The company aims to reach at least 1,000 restaurants by 2032, focusing on community connection and Mediterranean hospitality [10] - The "Project Soul" initiative aims to enhance the in-restaurant experience through design improvements [10] - The company is launching a "Spice World" campaign to celebrate bold flavors while maintaining health-conscious offerings [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's resilience despite macroeconomic uncertainties [6] - The company anticipates same restaurant sales growth of 6% to 8% for the full year 2025 [27] - Management noted strong consumer demand across all geographies and income strata, with no significant weakness observed [72] Other Important Information - The company has zero debt and $369.4 million in cash and investments, with access to a $75 million undrawn revolver [26] - The loyalty program has seen strong engagement, with nearly 8 million members and a 340 basis point increase in revenue from the program [15][36] Q&A Session Summary Question: Can you expand on the loyalty program and its engagement drivers? - Management noted a shift from a transaction-based model to a points-based system, which has increased engagement and participation [35] Question: What is the impact of the KDS rollout on throughput? - Management indicated that the new kitchen display systems enhance order management capabilities and improve order accuracy [39] Question: How is the brand performing in new markets? - Management reported strong performance in new markets, with restaurants in Indiana and South Florida exceeding expectations [78] Question: What is the outlook for restaurant margins? - Management highlighted that improved average unit volumes (AUV) contribute to margin expansion, while also focusing on reinvestment in team members and guest experience [56] Question: What are the expectations for menu innovation? - Management confirmed plans for a new protein introduction later in the year, indicating ongoing innovation efforts [48]

Financial Performance - CAVA's revenue for the sixteen weeks ended April 20, 2025, was $328,482,000, representing a 28.2% increase from $256,290,000 in the same period of 2024[65] - Net income for the sixteen weeks ended April 20, 2025, was $25,707,000, an increase of 83.7% compared to $13,993,000 in the prior year[78] - Adjusted EBITDA for the period was $44,850,000, up from $33,317,000, reflecting an increase of 34.4%[65] - Revenue for the sixteen weeks ended April 20, 2025, was $331.8 million, an increase of 28.1% compared to $259.0 million for the same period in 2024[89] - Adjusted EBITDA for the same period was $44.9 million, up 34.5% from $33.3 million in the prior year[89] - Net income margin improved to 7.7% for the sixteen weeks ended April 20, 2025, compared to 5.4% in the same period of 2024[89] Restaurant Expansion - The number of CAVA restaurants increased to 382 from 323, with 15 new openings during the period[65] - The company opened 73 new CAVA restaurants during or subsequent to the sixteen weeks ended April 21, 2024, contributing to increased revenue and expenses[81] Cost and Expenses - CAVA's food, beverage, and packaging costs increased by 33.3% to $96,224,000, primarily due to new restaurant openings and input costs[71] - General and administrative expenses rose by 22.3% to $41,394,000, reflecting increased operational costs[78] - The increase in general and administrative expenses was primarily due to investments for future growth and higher equity-based compensation[80] - Restaurant-level profit margin was 25.1%, slightly down from 25.2% in the prior year[65] Digital Revenue and Guest Traffic - CAVA same restaurant sales growth was 10.8%, driven by a 7.5% increase in guest traffic and a 3.3% increase from menu price and product mix[72] - CAVA's digital revenue mix accounted for 38.0% of total revenue, up from 37.0% in the previous year[65] Cash Flow and Investments - Cash and cash equivalents decreased to $289.4 million as of April 20, 2025, down from $366.1 million as of December 29, 2024[92] - Net cash provided by operating activities was $38.6 million for the sixteen weeks ended April 20, 2025, a slight increase of 0.5% from $38.4 million in the prior year[93] - Net cash used in investing activities rose significantly to $115.8 million, an increase of 243.9% compared to $33.7 million in the same period of 2024[93] Tax and Future Outlook - The effective income tax rate for the sixteen weeks ended April 20, 2025, was a benefit of 26.3%, significantly higher than the prior year's rate of 1.8%[85] - The company believes that cash provided by operating activities and existing cash on hand will be sufficient to meet anticipated cash requirements for the next twelve months[91] - The company plans to continue expanding its restaurant footprint and enhancing its product offerings to drive future growth[61]

CAVA Group (CAVA) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the Cava First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on 05/15/2025. I would now like to turn the conference over to Matt Milenovich. Please go ahead. Speaker1 Good afternoon, and welcome to Cabo's First Quarter twenty ...

Here's our initial take on Cava's (CAVA -0.07%) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue$256.3 million$328.5 million28%BeatEarnings per share$0.12$0.2283%BeatAdjusted EBITDA$33.3 million$44.9 million35%n/aRestaurant count32338218%n/aStrong Headline Numbers but Margin PressuresOn the headline numbers, Cava's first-quarter earnings report looks great. The fast-casual restaurant brand reported revenue and earnings that both handily beat expectation ...

Q1 2025 Earnings Supplemental May 15th, 2025 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 include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business strat ...

Exhibit 99.1 CAVA GROUP REPORTS FIRST QUARTER 2025 RESULTS YEAR OVER YEAR CAVA REVENUE GROWTH OF 28.2% INCLUDING CAVA SAME RESTAURANT SALES GROWTH OF 10.8% 15 NET NEW CAVA RESTAURANT OPENINGS DURING QUARTER FIRST QUARTER 2025 CAVA RESTAURANT-LEVEL PROFIT MARGIN OF 25.1% WASHINGTON, D.C. (May 15, 2025) - CAVA Group, Inc. (NYSE: CAVA) ("CAVA Group" or the "Company"), the category- defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, today announced financial res ...