CAVA GROUP, INC.CAVAEarnings & Financial Report
Cava, also referred to as Cava Grill, is an American Mediterranean fast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018. The combined company is the largest restaurant operator in the Mediterranean category in the U.S. restaurant industry. Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US. As of May 2023, all Zoës Kit...
Revenue
$233.5M
Gross Profit
$62.4M
Operating Profit
$16.1M
Net Profit
$19.7M
Gross Margin
26.7%
Operating Margin
6.9%
Net Margin
8.5%
YoY Growth
35.1%
EPS
$0.17
CAVA GROUP, INC. Q2 FY2024 Financial Summary
CAVA GROUP, INC. reported revenue of $233.5M (up 35.1% YoY) for Q2 FY2024, with a net profit of $19.7M (up 201.9% YoY) (8.5% margin). Cost of goods sold was $171.1M, operating expenses totaled $46.2M.
Key Financial Metrics
| Total Revenue | $233.5M |
|---|---|
| Net Profit | $19.7M |
| Gross Margin | 26.7% |
| Operating Margin | 6.9% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
CAVA GROUP, INC. Q2 FY2024 revenue of $233.5M breaks down across 2 segments, led by Restaurant Revenue at $231.4M (99.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Restaurant Revenue | $231.4M | 99.1% |
| CPG Revenue And Other | $2.1M | 0.9% |
CAVA GROUP, INC. Revenue by Segment — Quarterly Trend
CAVA GROUP, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Restaurant Revenue and CPG Revenue And Other) has evolved quarter over quarter.
| Segment | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q1 FY2024 |
|---|---|---|---|---|
| Restaurant Revenue | $278.2M | $328.5M | $231.4M | $256.3M |
| CPG Revenue And Other | $2.4M | $3.3M | $2.1M | $2.7M |
CAVA GROUP, INC. Quarterly Revenue & Net Profit History
CAVA GROUP, INC. results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2025 | $280.6M | +20.2% | $18.4M | 6.5% |
| Q1 FY2025 | $331.8M | +28.1% | $25.7M | 7.7% |
| Q2 FY2024 | $233.5M | +35.1% | $19.7M | 8.5% |
| Q1 FY2024 | $259.0M | +27.5% | $14.0M | 5.4% |
| Q3 FY2023 | $175.6M | — | $6.8M | 3.9% |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|
| Revenue | $175.6M | $259.0M | $233.5M | $331.8M | $280.6M |
| YoY Growth | N/A | 27.5% | 35.1% | 28.1% | 20.2% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|
| Assets | $985.0M | $1.01B | $1.04B | $1.23B | $1.29B |
| Liabilities | $419.3M | $424.3M | $443.1M | $502.2M | $540.9M |
| Equity | $565.7M | $580.8M | $595.4M | $726.2M | $750.7M |
Cash Flow
| Q3 2023 | Q1 2024 | Q2 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|
| Operating CF | $26.0M | $38.4M | $48.9M | $38.6M | $60.3M |