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CAVA 2026年季度报告

2026-05-20 美股财报 申明华
报告封面

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 19, 2026OR 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) Not applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Non-accelerated filer 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 newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo The registrant had 116,473,856 shares of common stock outstanding as of May12, 2026. Table of Contents Glossary The following definitions apply to these terms as used in this Quarterly Report on Form 10-Q: “Adjusted EBITDA” is defined as net income adjusted to exclude interest income, net, provision for (benefit from) income taxes, anddepreciation and amortization, further adjusted to exclude equity-based compensation, other income, net, impairment and asset disposalcosts, 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 trailingthirteen periods and Digital Kitchens sales for such period divided by the number of operating CAVA Restaurants that were open for theentire 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 endof 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 restaurantsoperating under license agreements; “CPG” refers to consumer packaged goods; “Digital Kitchen” is defined to include kitchens used for third-party marketplace and native delivery, Digital Order pick-up, and/orcentralized catering production and that has neither in-restaurant dining nor customer-facing make lines; “Digital Orders” means orders made through catering and digital channels, such as the CAVA app and the CAVA website. DigitalOrders 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; “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 andthat 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 anypermanent CAVA restaurant closures during t