Form 8-K

8-K — CAVA GROUP, INC.

Accession: 0001628280-26-036461

Filed: 2026-05-19

Period: 2026-05-19

CIK: 0001639438

SIC: 5812 (RETAIL-EATING PLACES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cava-20260519.htm (Primary)

EX-99.1 (earningsrelease2026q1.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cava-20260519.htm · Sequence: 1

cava-20260519

0001639438FALSE00016394382026-05-192026-05-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 19, 2026

CAVA Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-41721 47-3426661

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

14 Ridge Square NW, Suite 500

Washington, DC 20016

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (202) 400-2920

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of

each class

Trading

Symbol

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share CAVA New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition

On May 19, 2026, CAVA Group, Inc. (the "Company") issued a press release announcing earnings and other financial results for the fiscal quarter ended April 19, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 2.02, including the corresponding Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is being furnished as part of this report:

Exhibit No. Description

99.1

CAVA Group, Inc. Press Release, dated May 19, 2026

104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 19, 2026

CAVA Group, Inc.

By: /s/ Tricia Tolivar

Name: Tricia Tolivar

Title:

Title: Chief Financial Officer (duly authorized officer and principal financial officer)

EX-99.1

Filename: earningsrelease2026q1.htm · Sequence: 2

Document

Exhibit 99.1

CAVA GROUP REPORTS FIRST QUARTER 2026 RESULTS

___________________________________________

YEAR OVER YEAR CAVA REVENUE GROWTH OF 32.2% INCLUDING SAME RESTAURANT SALES OF 9.7% DRIVEN BY GUEST TRAFFIC GROWTH OF 6.8%

___________________________________________

20 NET NEW CAVA RESTAURANT OPENINGS DURING QUARTER

___________________________________________

FIRST QUARTER 2026 CAVA RESTAURANT-LEVEL PROFIT MARGIN OF 25.1%

___________________________________________

WASHINGTON, D.C. (May 19, 2026) - 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 results for its fiscal first quarter ended April 19, 2026.

“Amid today's broader macroeconomic environment and geopolitical uncertainty, our first quarter results reflect our position as a clear industry leader and our ability to meet the moment for the modern consumer," said Brett Schulman, Co-Founder and CEO. "First quarter same restaurant sales grew 9.7%, including traffic growth of 6.8%, and we opened 20 net new restaurants during the quarter, with recent new market entries across the Midwest in Cincinnati, St. Louis, and Columbus. These results, which include the lap of strong prior year comparisons, speak to the structural strength of our business, the resonance of our compelling value proposition, and our position as the dominant leader in Mediterranean – all of which fuel our confidence to sustain this momentum going forward."

Fiscal First Quarter 2026 Highlights:

•CAVA Revenue grew 32.2% to $434.4 million as compared to $328.5 million in the prior year quarter and 69.5% as compared to the first quarter of fiscal 2024.

•Net New CAVA Restaurant Openings of 20, bringing total CAVA Restaurants to 459, a 20.2% increase in total CAVA Restaurants year over year.

•Same Restaurant Sales increased 9.7%, including Guest Traffic growth of 6.8%.

•AUV of $3.0 million as compared to $2.9 million in the prior year quarter.

•CAVA Restaurant-Level Profit of $108.9 million or growth of 32.3% over the prior year quarter, with CAVA Restaurant-Level Profit Margin of 25.1%.

•Digital Revenue Mix was 39.9%.

•Net Income of $23.6 million.

•Adjusted EBITDA1 grew 37.6% to $61.7 million.

•Year to date net cash provided by operating activities of $64.1 million with Free Cash Flow1 of $15.5 million.

Fiscal First Quarter 2026 Review:

CAVA Revenue was $434.4 million, an increase of 32.2% compared with the first quarter of fiscal 2025. The increase was primarily driven by 92 Net New CAVA Restaurant Openings during or subsequent to the first quarter of fiscal 2025, which are exceeding our performance expectations, and Same Restaurant Sales of 9.7%. Same Restaurant Sales increased 6.8% from Guest Traffic and 2.9% from menu price and product mix.

CAVA Restaurant-Level Profit Margin was 25.1%, flat to the first quarter of fiscal 2025 as increased costs associated with a higher mix of third-party delivery and incremental wage investments were offset by leverage from higher sales.

General and administrative expenses were $51.6 million, or 11.8% of revenue, as compared to $41.4 million, or 12.5% of revenue, in the first quarter of fiscal 2025. General and administrative expenses, excluding equity-based compensation and executive transition costs1, were $43.3 million, or 9.9% of revenue, as compared to $34.7 million, or 10.5% of revenue, in the first quarter of fiscal 2025. The decrease was primarily due to leverage from higher sales, partially offset by investments to support future growth and higher performance-based incentive compensation.

Net income was $23.6 million, or 5.4% of revenue compared to $25.7 million in the first quarter of fiscal 2025. The decrease in Net Income was due to a lower tax benefit associated with equity-based compensation resulting in a higher effective tax rate, and higher depreciation and amortization, partially offset by improved operating performance as noted below.

Adjusted EBITDA1 was $61.7 million, or 14.1% of revenue, an increase of $16.9 million, or 37.6%, compared to the first quarter of fiscal 2025. The increase was primarily driven by the increase in Same Restaurant Sales, the number of and continued strength in the performance of Net New CAVA Restaurant Openings during or subsequent to the first quarter of fiscal 2025, and leverage in general and administrative expenses.

__________________

1 Adjusted EBITDA, Free Cash Flow, and General and administrative expenses, excluding equity-based compensation and executive transition costs, are non-GAAP financial measures. Reconciliations to the most directly comparable financial measures presented in accordance with GAAP are set forth in the tables at the end of this press release.

Fiscal Full-Year 2026 Outlook:

CAVA Group announced today that it updated fiscal full-year 2026 guidance, as follows:

February 24, 2026 May 19, 2026

Net New CAVA Restaurant Openings 74 to 76 75 to 77

Same Restaurant Sales 3.0% to 5.0% 4.5% to 6.5%

CAVA Restaurant-Level Profit Margin 23.7% to 24.2% 23.7% to 24.3%

Pre-opening costs $19.5 to $20.0 million $22.0 to $22.5 million

Adjusted EBITDA $176.0 to $184.0 million $181.0 to $191.0 million

Actual results may differ materially from CAVA Group’s fiscal full-year 2026 guidance as a result of, among other things, the factors described under “Cautionary Statement Regarding Forward-Looking Statements” below.

A reconciliation of the forward-looking fiscal 2026 Adjusted EBITDA to net income cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. For these reasons, we are unable to assess the potential significance of the unavailable information.

About CAVA Group:

CAVA is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Our brand and our opportunity transcend the Mediterranean category to compete in the large and growing limited-service restaurant sector as well as the health and wellness food category. CAVA serves guests across age groups, genders, and income brackets and benefits from generational tailwinds created by consumer demand for healthy living and a demographic shift towards greater ethnic diversity. We meet consumers’ desires to engage with convenient, authentic, purpose-driven brands that view food as a source of self-expression. The broad appeal of our food combined with these favorable industry trends drive our vast opportunity for continued growth.

Earnings Conference Call:

The Company will host a conference call on May 19, 2026, at 5:00 PM Eastern Time to discuss first quarter 2026 financial results as well as provide a business update. Investors will have the opportunity to listen to the conference call live through the webcast from the Company’s website on the investor relations page at investor.cava.com. A recorded webcast will be available on CAVA’s investor relations website shortly after the call and available for up to one year.

Cautionary Statement Regarding Forward-Looking Statements:

This press release 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 fiscal full-year 2026 outlook, including Net New CAVA Restaurant Openings, Same Restaurant Sales, CAVA Restaurant-Level Profit Margin, Pre-opening costs, and Adjusted EBITDA, industry, business strategy, goals, growth opportunities and expectations, expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, and other financial and operating information. These statements may include words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” “outlook,” the negative version of these words or similar terms and phrases.

The forward-looking statements contained in this press release are based on management’s current expectations and are not guarantees of future performance. The forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, and projections will result or be achieved. Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond our control. We believe that these factors include but are not limited to the following: we operate in a highly competitive industry; our future growth depends on our ability to open new restaurants while managing our growth effectively and maintaining our culture, and our historical growth may not be indicative of our future growth; we may not be able to successfully identify appropriate locations and develop and expand our operations in existing and new markets; new restaurants may not be profitable and may negatively impact sales at our existing locations; negative changes in guest perception of our brand could negatively impact our business; our efforts to market our restaurants and brand may not be successful; food safety issues, and food-borne illness concerns may harm our business; if we are unable to maintain or increase prices, our margins may decrease; the growth of our business depends on our ability to accurately predict guest trends and demand and successfully introduce new menu offerings and improve our existing menu offerings; economic factors and guest behavior trends, which are uncertain and largely beyond our control, may adversely affect guests’ behavior and our ability to maintain or increase sales at our restaurants; we are subject to risks associated with leasing property; we may not be able to successfully expand our digital and delivery business, which is subject to risks outside of our control; our inability or failure to utilize, recognize, respond to, and effectively manage the immediacy of social media could have a material adverse effect on our business; we may not realize the anticipated benefits from past and potential future acquisitions, investments, or other strategic initiatives; we may not be able to manage our manufacturing and supply chain effectively, which may adversely affect our results of operations; our reliance on third parties could have an adverse effect on our business,

financial condition, and results of operations; we may experience shortages, delays, or interruptions in the delivery of food items and other products; we may not successfully optimize, operate, and manage our production facilities; we may face increases in food, commodity, energy, and other costs; we may face increases in labor costs, labor shortages, and difficulties in our ability to identify, hire, train, motivate, and retain the right team members; our success depends on our ability to attract, develop, and retain our management team and key team members; security breaches of our electronic processing of credit and debit card transactions, the CAVA app, or confidential guest or team member information (including personal information) may adversely affect our business; our business is subject to complex and evolving laws and regulations regarding privacy, data protection, and cybersecurity; we rely heavily on information technology systems and failures of, or interruptions in, or not effectively scaling and adapting our information technology systems could harm our business; we are subject to evolving rules and regulations with respect to environmental, social and governance matters; climate change and volatile adverse weather conditions could adversely affect our restaurant sales or results of operations; and each of the other factors set forth in “Part I—Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025, and in other reports filed with the United States Securities and Exchange Commission, all of which are available on the investor relations page of our website at investor.cava.com.

Any forward-looking statement made by us in this press release speaks only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in this press release. We do not undertake any obligation to revise or update any forward-looking statements, except as required by law. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

Investor Relations:

Media Relations:

Anisha Sutaria, Director, Corporate Development & IR

media@cava.com

investor.relations@cava.com

CAVA GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Sixteen Weeks Ended

(in thousands, except per share amounts) April 19,

2026 April 20,

2025

Revenue $ 438,270 $ 331,826

Operating expenses:

Restaurant operating costs (excluding depreciation and amortization)

Food, beverage, and packaging 127,678 97,559

Labor 111,551 84,562

Occupancy 29,857 24,408

Other operating expenses 57,992 41,234

Total restaurant operating expenses 327,078 247,763

General and administrative expenses 51,590 41,394

Depreciation and amortization 25,466 20,811

Pre-opening costs 6,161 4,481

Impairment and asset disposal costs 2,718 1,667

Total operating expenses 413,013 316,116

Income from operations 25,257 15,710

Interest income, net (4,082) (4,617)

Other income, net (700) (27)

Income before taxes 30,039 20,354

Provision for (benefit from) income taxes 6,473 (5,353)

Net income $ 23,566 $ 25,707

Earnings per share:

Basic $ 0.20 $ 0.22

Diluted $ 0.20 $ 0.22

Weighted-average common shares outstanding:

Basic 116,341 115,525

Diluted 118,316 118,437

The following tables summarize the results of the CAVA segment:

Sixteen Weeks Ended

April 19,

2026 April 20,

2025 Change

(in thousands)

$ % of Revenue $ % of Revenue $ %

Revenue

$ 434,392 100.0 % $ 328,482 100.0 % $ 105,910 32.2 %

Restaurant operating expenses (excluding depreciation and amortization)

Food, beverage, and packaging 126,418 29.1 96,224 29.3 30,194 31.4

Labor

111,551 25.7 84,562 25.7 26,989 31.9

Occupancy

29,857 6.9 24,408 7.4 5,449 22.3

Other operating expenses

57,714 13.3 40,983 12.5 16,731 40.8

Total restaurant operating expenses

325,540 74.9 246,177 74.9 79,363 32.2

Restaurant-level profit

$ 108,852 25.1 % $ 82,305 25.1 % $ 26,547 32.3 %

The following table presents selected quarterly financial and other data::

($ in thousands)

Q1 20261

Q4 2025 Q3 2025 Q2 2025

Q1 20251

Net New CAVA Restaurant Openings

CAVA Restaurants, end of period

459

439

415

398

382

Same Restaurant Sales

9.7

0.5

1.9

2.1

10.8

AUV

3,027

2,934

2,935

2,939

2,933

CAVA Restaurant-Level Profit

$ 108,852 $ 58,312 $ 71,165 $ 73,262 $ 82,305

CAVA Restaurant-Level Profit Margin

25.1

21.4

24.6

26.3

25.1

Restaurant Operating Weeks

7,150

5,140

4,881

4,659

5,935

__________________

1 The first fiscal quarter includes four 4-week periods in our 13 period fiscal calendar. The second, third, and fourth fiscal quarters each contain three 4-week periods.

The following table presents the Company’s selected balance sheet data:

(in thousands) April 19,

2026 December 28,

2025

Cash and cash equivalents $ 295,771 $ 282,917

Investments at fair value 107,189 110,112

Total assets 1,422,934 1,360,027

Total liabilities 612,964 580,371

Total stockholders’ equity 809,970 779,656

Total liabilities and stockholders’ equity 1,422,934 1,360,027

The following table shows the growth in our company-owned CAVA Restaurant base:

Sixteen Weeks Ended

April 19,

2026 April 20,

2025

Beginning of period 439 367

New CAVA Restaurant openings 21 15

Permanent closure (1) —

End of period 459 382

Non-GAAP Financial Measures

In addition to our consolidated financial statements, which are prepared in accordance with GAAP, we present Adjusted EBITDA, Adjusted EBITDA Margin, general and administrative expenses, excluding equity-based compensation and executive transition costs, and Free Cash Flow in this press release as supplemental measures of financial performance that are not required by, or presented in accordance with, GAAP. We believe they assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our operating performance. Management believes Adjusted EBITDA, Adjusted EBITDA Margin, general and administrative expenses, excluding equity-based compensation and executive transition costs, and Free Cash Flow are useful to investors in highlighting trends in our operating performance, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate, and capital investments. Management uses Adjusted EBITDA, Adjusted EBITDA Margin, general and administrative expenses, excluding equity-based compensation and executive transition costs, and Free Cash Flow to supplement GAAP measures of performance in the evaluation of the effectiveness of our business strategies, to make budgeting decisions, and to compare our performance against that of other peer companies using similar measures. Management supplements GAAP results with non-GAAP financial measures to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone provide.

Adjusted EBITDA, Adjusted EBITDA Margin, general and administrative expenses, excluding equity-based compensation and executive transition costs, and Free Cash Flow are not recognized terms under GAAP and should not be considered as alternatives to net income, net income margin, or general and administrative expenses, as applicable, as measures of financial performance or cash provided by operating activities as measures of liquidity, or any other performance measure derived in accordance with GAAP. Additionally, Adjusted EBITDA and Free Cash Flow are not intended to be measures of cash flow available for management’s discretionary use, as Adjusted EBITDA does not consider certain cash requirements such as tax payments and financing cash flows, and Free Cash Flow does not consider certain cash requirements such as financing cash flows. Our non-GAAP measures have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. Some of these limitations are:

•Adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;

•Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;

•Adjusted EBITDA and Free Cash Flow do not reflect cash flows from financing activities of our business;

•Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense, or the cash necessary to pay income taxes;

•Adjusted EBITDA does not reflect the impact of earnings or cash charges resulting from matters we consider not to be indicative of our ongoing operations;

•although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements; and

•other companies in our industry may calculate Adjusted EBITDA, Adjusted EBITDA Margin, general and administrative expenses, excluding equity-based compensation and executive transition costs, and Free Cash Flow differently than we do, limiting their usefulness as comparative measures.

The following table reconciles net income to Adjusted EBITDA and net income margin to Adjusted EBITDA margin:

Sixteen Weeks Ended

(in thousands) April 19,

2026 April 20,

2025

Net income $ 23,566 $ 25,707

Non-GAAP Adjustments

Interest income, net (4,082) (4,617)

Provision for (benefit from) income taxes 6,473 (5,353)

Depreciation and amortization 25,466 20,811

Equity-based compensation 7,748 6,662

Other income, net (700) (27)

Impairment and asset disposal costs 2,718 1,667

Executive transition costs 545 —

Adjusted EBITDA $ 61,734 $ 44,850

Revenue $ 438,270 $ 331,826

Net income margin 5.4 % 7.7 %

Adjusted EBITDA margin 14.1 % 13.5 %

The following table reconciles general and administrative expenses to general and administrative expenses, excluding equity-based compensation and executive transition costs:

Sixteen Weeks Ended

(in thousands) April 19,

2026 April 20,

2025

General and administrative expenses $ 51,590 $ 41,394

Equity-based compensation 7,748 6,662

Executive transition costs 545 —

General and administrative expenses, excluding equity-based compensation and executive transition costs $ 43,297 $ 34,732

Revenue $ 438,270 $ 331,826

General and administrative expenses, as a percentage of revenue 11.8 % 12.5 %

General and administrative expenses, excluding equity-based compensation and executive transition costs, as a percentage of revenue 9.9 % 10.5 %

The following table reconciles net cash provided by operating activities to Free Cash Flow:

Sixteen Weeks Ended

(in thousands) April 19,

2026 April 20,

2025

Net cash provided by operating activities $ 64,065 $ 38,577

Purchases of property and equipment (48,581) (35,875)

Free Cash Flow $ 15,484 $ 2,702

Glossary:

The following definitions apply to these terms as used in this press release:

“Adjusted EBITDA” is defined as net income adjusted to exclude interest income, net, provision for (benefit from) income taxes, and depreciation and amortization, further adjusted to exclude equity-based compensation, other income, net, impairment and asset disposal costs, and executive transition costs, in each case, to the extent applicable in a given fiscal period. See “Non-GAAP Financial Measures” for a reconciliation of net income to Adjusted EBITDA for the periods presented;

“Adjusted EBITDA Margin” is defined as Adjusted EBITDA as a percentage of revenue;

“Average Unit Volume” or “AUV” represents total revenue of operating CAVA Restaurants that were open for the entire trailing thirteen periods, and Digital Kitchens sales for such period, divided by the number of operating CAVA Restaurants that were open for the entire trailing thirteen periods;

“CAVA Restaurant-Level Profit” a segment measure of profit and loss, represents CAVA Revenue less food, beverage, and packaging, labor, occupancy, and other operating expenses, excluding depreciation and amortization. CAVA Restaurant-Level Profit excludes pre-opening costs;

“CAVA Restaurant-Level Profit Margin” represents CAVA Restaurant-Level Profit as a percentage of CAVA Revenue;

“CAVA Restaurants” is defined to include all CAVA restaurants and Hybrid Kitchens that are open or temporarily closed as of the end of the specific period. CAVA Restaurants exclude restaurants operating under license agreements and Digital Kitchens;

“CAVA Revenue” is defined to include all revenue attributable to CAVA restaurants in the specified period, excluding restaurants operating under license agreements;

“Digital Kitchen” is defined to include kitchens used for third-party marketplace and native delivery, Digital Order pick-up and/or centralized catering production, and that has neither in-restaurant dining nor customer-facing make lines;

“Digital Orders” means orders made through catering, digital channels, such as the CAVA app and the CAVA website. Digital Orders include orders fulfilled through third-party marketplace and native delivery and digital order pick-up;

“Digital Revenue Mix” represents the portion of CAVA Revenue related to Digital Orders as a percentage of total CAVA Revenue;

“Free Cash Flow” means net cash provided by operating activities less purchases of property and equipment;

“Guest Traffic” means the number of entrees ordered in-restaurant and through Digital Orders;

“Hybrid Kitchen” is defined to include kitchens that have enhanced kitchen capabilities to support centralized catering production and that also have in-restaurant dining and customer-facing make lines;

“Net New CAVA Restaurant Openings” is defined as new CAVA restaurant openings during a specified reporting period, net of any permanent CAVA restaurant closures during the same period;

“Restaurant Operating Weeks” represents the aggregate number of weeks each of our CAVA Restaurants has been open in a given period; and

“Same Restaurant Sales” is defined as the period-over-period sales comparison for CAVA restaurants that have been open for 365 days or longer.

We operate on a 52-week or 53-week fiscal year that ends on the last Sunday of the calendar year. In a 52-week fiscal year, the first fiscal quarter contains sixteen weeks and the second, third, and fourth fiscal quarters each contain twelve weeks. In a 53-week fiscal year, the first fiscal quarter contains sixteen weeks, the second and third fiscal quarters each contain twelve weeks, and the fourth fiscal quarter contains thirteen weeks. References to “thirteen periods” are to the 13 accounting periods we have in each fiscal year, with each accounting period being four weeks, except in a 53-week fiscal year which will contain one accounting period of five weeks.

Certain numerical figures have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in various tables may not be arithmetic aggregations of the figures that precede them.

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duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

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No definition available.

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- Definition

Address Line 2 such as Street or Suite number

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- Definition

Name of the City or Town

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- Definition

Code for the postal or zip code

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- Definition

Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

+ Details

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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Name:

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Data Type:

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Balance Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Name:

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

+ Details

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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