CAVA (CAVA) - 2023 Q3 - Earnings Call Transcript

Our third quarter profitability demonstrates the power of our business model. Given our current stage of growth and our commitment to continued investments in our restaurants, we do not expect to maintain this level of profit margin in the near term. CAVAÂ's food, beverage and packaging costs were 29.4% of revenue, lower than third quarter of 2022 by 190 basis points, driven by lower input costs and higher incidence of premium menu items, driving favorable product mix. CAVA labor and related costs were 25.3 ...