NYSE: CAVA

CAVA GROUP, INC.

CIK 0001639438 · SIC 5812 · Eating Places

Mid Revenue $1.2B Assets $1.5B as of Aug 16, 2026

CAVA Group, Inc. (together with its wholly owned subsidiaries, referred to as the “Company,” “CAVA,” “we,” “us,” and “our,” unless specified otherwise) was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28,… About this business →

Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.

Sign up free

Want to see a complete report first? Today's free report (HPQ 10-Q) is open in full — no account needed.

10-Q Filed Aug 12, 2026 · Period ending Jul 12, 2026

CAVA Q2 FY26: revenue $368.4M, net income $23.0M. Revenue +31%, same-store sales +9%, but cyclosporiasis outbreak hits Q3

5 material changes detected. Sign up free to read the summary.

8-K Filed Aug 11, 2026 · Period ending Aug 11, 2026

CAVA reports Q2 revenue up 31% to $365M, same-restaurant sales +9%, reaffirms FY2026 guidance

5 material changes detected. Sign up free to read the summary.

Partner

Trade CAVA commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

8-K Filed Aug 3, 2026 · Period ending Jul 29, 2026

CAVA adds Ulta Beauty retail chief to board, expands to nine directors

3 material changes detected. Sign up free to read the summary.

8-K Filed Jun 24, 2026 · Period ending Jun 22, 2026 Red flag

CAVA tightens executive severance plan, adds restrictive covenants and forfeiture provisions

5 material changes detected. Sign up free to read the summary.

10-Q Filed May 20, 2026 · Period ending Apr 19, 2026

CAVA: revenue $438.3M, net income $23.6M. CAVA adds 77 restaurants, grows revenue 32%, but net income slips 8% on tax swing

5 material changes detected. Sign up free to read the summary.

8-K Filed May 19, 2026 · Period ending May 19, 2026

CAVA reports Q1 FY2026 earnings for quarter ended April 19, 2026

2 material changes detected. Sign up free to read the summary.

8-K Filed Apr 21, 2026 · Period ending Apr 16, 2026

CAVA board member Karen Kochevar to retire at June annual meeting

2 material changes detected. Sign up free to read the summary.

8-K Filed Mar 25, 2026 · Period ending Mar 20, 2026

CAVA doubles credit line to $150M, extends maturity to 2031 in amended facility

4 material changes detected. Sign up free to read the summary.

10-K Filed Feb 25, 2026 · Period ending Dec 28, 2025

Summary not yet generated.

10-Q Filed Nov 5, 2025 · Period ending Oct 5, 2025

Summary not yet generated.

10-Q Filed Aug 13, 2025 · Period ending Jul 13, 2025

Summary not yet generated.

10-Q Filed May 16, 2025 · Period ending Apr 20, 2025

Summary not yet generated.

10-K Filed Feb 26, 2025 · Period ending Dec 29, 2024

Summary not yet generated.

Latest financial statements

From 10-Q filed Aug 12, 2026 (period ending Jul 12, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.

As filed

Condensed Consolidated Statements of Operations (Unaudited)

(in thousands, except per share amounts)

Description Twelve weeks ended July 12, 2026 Twelve weeks ended July 13, 2025 Twenty-eight weeks ended July 12, 2026 Twenty-eight weeks ended July 13, 2025
Revenue 368,436 280,615 806,706 612,441
Operating expenses:
Restaurant operating expenses (excluding depreciation and amortization)
Food, beverage, and packaging 110,502 82,950 238,180 180,509
Labor 92,401 69,496 203,952 154,058
Occupancy 23,065 18,791 52,922 43,199
Other operating expenses 46,886 34,697 104,878 75,931
Total restaurant operating expenses 272,854 205,934 599,932 453,697
General and administrative expenses 39,800 32,051 91,390 73,445
Depreciation and amortization 20,966 16,815 46,432 37,626
Pre-opening costs 6,741 5,096 12,902 9,577
Impairment and asset disposal costs 1,229 1,074 3,947 2,741
Total operating expenses 341,590 260,970 754,603 577,086
Income from operations 26,846 19,645 52,103 35,355
Interest income, net (3,293) (3,581) (7,375) (8,198)
Other income, net (439) (474) (1,139) (501)
Income before taxes 30,578 23,700 60,617 44,054
Provision for (benefit from) income taxes 7,561 5,332 14,034 (21)
Net income 23,017 18,368 46,583 44,075
Earnings per share:
Basic 0.20 0.16 0.40 0.38
Diluted 0.19 0.16 0.39 0.37
Weighted-average common shares outstanding:
Basic 116,603 115,783 116,453 115,635
Diluted 118,379 118,334 118,343 118,392
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except per share amount)

Description July 12, 2026 December 28, 2025
ASSETS
Current assets:
Cash and cash equivalents 322,763 282,917
Trade accounts receivable, net 10,136 6,324
Other accounts receivable 10,440 12,664
Investments at fair value (amortized cost of $113,107 and $109,951, respectively) 112,836 110,112
Inventories 9,799 9,017
Prepaid expenses and other 13,892 10,039
Total current assets 479,866 431,073
Property and equipment, net 507,145 457,501
Operating lease assets 437,935 389,417
Goodwill 1,944 1,944
Intangible assets, net 1,752 1,779
Deferred income taxes 51,586 65,393
Other long-term assets 19,545 12,920
Total assets 1,499,773 1,360,027
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable 38,013 37,488
Accrued expenses and other 99,742 76,635
Operating lease liabilities, current 55,473 48,534
Total current liabilities 193,228 162,657
Operating lease liabilities 465,269 417,714
Total liabilities 658,497 580,371
Commitments and Contingencies (Note 9)
Stockholders’ equity:
Common stock, par value $0.0001 per share; 2,500,000 shares authorized; 116,804 and 116,127 issued and outstanding, respectively 12 12
Treasury stock, at cost; 1,431 shares (34,377) (34,377)
Additional paid-in capital 1,082,860 1,067,504
Accumulated deficit (207,018) (253,601)
Accumulated other comprehensive (loss) income (201) 118
Total stockholders’ equity 841,276 779,656
Total liabilities and stockholders’ equity 1,499,773 1,360,027
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Condensed Consolidated Statements of Cash Flows (Unaudited)

(in thousands)

Description Twenty-eight weeks ended July 12, 2026 Twenty-eight weeks ended July 13, 2025
Cash flows from operating activities:
Net income 46,583 44,075
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 46,432 37,626
Unrealized gain on convertible promissory note (424) (429)
Equity-based compensation 11,658 8,505
Deferred income taxes 13,919 (21)
Impairment and asset disposal costs 3,947 2,741
Changes in operating assets and liabilities:
Trade accounts receivable (3,812) (2,838)
Other accounts receivable 2,224 (619)
Inventories (782) (394)
Prepaid expenses and other (4,577) (1,935)
Operating lease assets (49,352) (46,222)
Accounts payable (3,823) 2,838
Accrued expenses and other 17,607 380
Operating lease liabilities 54,920 55,188
Net cash provided by operating activities 134,520 98,895
Cash flows from investing activities:
Purchases of property and equipment (89,738) (76,994)
Purchases of debt securities (80,474) (100,822)
Proceeds from principal payments on debt securities 77,664 5,397
Investment in convertible promissory note (5,000) (5,000)
Net cash used in investing activities (97,548) (177,419)
Cash flows from financing activities:
Shares purchased under equity plans 3,698 2,576
Debt refinancing costs (824)
Net cash provided by financing activities 2,874 2,576
Net change in cash and cash equivalents 39,846 (75,948)
Cash and cash equivalents beginning of year 282,917 366,120
Cash and cash equivalents end of period 322,763 290,172
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes 1,513 1,366
Change in accrued purchases of property and equipment 9,850 8,476
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share amounts); (in thousands, except per share amount); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗

View AI report for this filing

About CAVA GROUP, INC.

Source: Item 1 (Business) from the 10-K filed February 25, 2026. Description as filed by the company with the SEC.

Item 1. Business

Our Mission

To Bring Heart, Health, And Humanity To Food

General

CAVA Group, Inc. (together with its wholly owned subsidiaries, referred to as the “Company,” “CAVA,” “we,” “us,” and “our,” unless specified otherwise) was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28, 2025, we operate 439 fast-casual CAVA Restaurants in 28 states and Washington, D.C. The Company’s authentic Mediterranean cuisine unites taste and health, with a menu that features chef-curated and customizable bowls and pitas. We centrally produce our dips, spreads, and certain dressing bases for use in our restaurants while also selling our dips, spreads, and prepared dressings in grocery stores.

Business Strategy

We believe that our differentiated offerings and broad appeal give us significant opportunity in the Mediterranean and health and wellness food categories. Our guests span age groups, genders, and income brackets with a strong Millennial and a growing Gen Z contingent. The broad appeal of our brand is evidenced by substantial diversity across geographies, formats, dayparts, and channels. We are in the early stages of fulfilling our total restaurant potential, and we believe there is opportunity for more than 1,000 CAVA restaurants in the United States by 2032. We believe we are well positioned to benefit from the following strong and emerging trends:

•Evolving consumer preferences for authentic and ethnic cuisine

Read full description ↓

•Increased focus on health and wellness

•Emphasis on combined quality and convenience

We aim to create an industry-leading, category defining brand rooted in the following strategic pillars:

Expand our Mediterranean Way in Communities Across the Country

•Grow our footprint and expand multi-channel access

•Fuel our culinary innovation and communication engine to drive traffic, mix, and check

•Express the essence of our category-defining concept consistently across brand properties

Develop Personal Relationships with Guests, Even as We Scale

•Leverage our digital ecosystem to enable more personalized communication with guests

•Deepen our connections with guests and drive increased frequency with our enhanced loyalty offerings

•Create a cohesive physical and digital journey

Run Great Restaurants, Every Location, Every Shift

•Streamline and automate preparation to make our restaurants easier to run

•Enhance our training and standards to consistently deliver our Mediterranean hospitality

•Leverage technologies to increase automation and improve restaurant operations

Operate As a High-Performing Team

•Create a culture of growth and accountability

•Use best-in-class data capabilities to unlock powerful, actionable insights

•Implement programs and tools that engage, retain, and connect the organization

Our Food - Where Taste and Health Unite

Our menu fulfills a broad range of dietary preferences, from hearty and indulgent to vegan, vegetarian, gluten-free, dairy-free, paleo, keto, and nut-free diets. We have designed our menu to offer vibrant flavors using many fresh, high-

quality ingredients inspired by our Mediterranean roots. Our guests can choose a chef-curated meal or a build-your-own-bowl or pita using our 38 ingredients with over 17.4 billion combinations. We make it deliciously simple to eat well and feel good every day.

People and Culture

As of December 28, 2025, we employed approximately 12,900 Team Members in our restaurants and 580 within manufacturing and our Collaboration Center Organization. From the very beginning, our founders were focused on ensuring CAVA treated all Team Members with generosity – we believe the health and well-being of our Team Members are just as important as the health of our food. Our Employee Net Promoter Score indicates we have a highly engaged team according to Denison Consulting, which conducted our 2025 Team Member engagement survey.

Our Values

We maintain a core set of values that guide the organization and our culture. They are:

•Generosity First, Always - We lead with kindness. Our best work happens when we act in service of others.

•Constant Curiosity - We are eager to learn, grow, and explore beyond the obvious.

•Act with Agility - We welcome change; it’s the only constant. We embrace, adjust, and adapt.

•Passion for Positivity - We greet each day with warmth and possibility.

•Collective Ambition - We have high aspirations that are achieved when we work together with a shared purpose.

Our values build upon our mission and set a clear foundation in establishing our seven core competencies for expected behavior from all Team Members, which we believe allows us to maximize opportunities for growth and development.

Talent Development

Inspired by our Mediterranean Way and defined by a genuine expression of hospitality and warmth, we want our Team Members – who are vital to our growth and carry on the CAVA culture every day – to build a career, not merely find employment. Under our Flavor Your Future platform, we continuously nurture our talent-rich pipeline by offering a clear promotional track for Team Members to become General Managers, including by the introduction of the Assistant General Manager role. Another key component of our Team Member development pipeline includes a nationwide training network led by our Academy General Managers, who we have identified as achieving strong operational and financial results at the restaurants they operate.

Total Rewards

We believe recognition and rewards are key to a healthy and vibrant culture. We offer our Team Members competitive compensation and benefits including:

•medical, dental, and vision insurance for full-time Team Members and a mini-medical plan for part-time Team Members including office visits, telemedicine, behavioral health, and prescription discounts, among other items;

•401K matching;

•an employee stock purchase plan that gives virtually all our Team Members an ownership opportunity;

•an Employee Assistance Program that covers paid mental health benefits and counseling for all Team Members and their household members, elder care services, alcohol and drug dependency programs, continuing education and college planning, marriage and relationship counseling, relocation guidance, and family planning assistance;

•continuing education, including a tuition discount program in partnership with University of Maryland Global Campus for any Team Member wanting to further their education;

•financial assistance for adoption and family planning through our Well Being program for all Team Members;

•free meals to all Team Members during working hours and discounted meals outside of working hours; and

•short- and long-term incentive programs for our General Managers and Team Members within manufacturing and our Collaboration Center Organization.

Creating an Inclusive Culture

Guided by the skills and insights of our Team Members, we’re intentional about human connection, bringing down barriers, and creating an environment where everyone is welcome at our table.

We are strongly committed to supporting and engaging all Team Members. We encourage our Team Members, to leverage each of their unique backgrounds, perspectives, and experiences to deliver exceptional results. Inclusivity is a hallmark of several of our core competencies, such as enterprise leadership, service mindset, and people development. We are committed to equal employment opportunities and to providing a respectful work environment free of harassment, discrimination, or retaliation on the basis of any protected classes or characteristics in accordance with applicable federal, state, and local laws.

Real Estate

Our market evaluation and site selection process is data-driven and includes reviewing characteristics such as geography, presence of peer brands, demographic and psychographic data, urban/suburban balance, foot- and vehicle-traffic, retail and daily needs, employment and daytime activity, adjacent retailers, and volume potential.

Our restaurant designs are flexible and adaptable to fit any site, which allows us to enhance and tailor our format to our guests’ preferences, including their preferred channels. Each CAVA Restaurant includes walk-the-line ordering and digital pick-up capabilities, as well as a separate digital make line to maximize throughput. Our 2026 restaurant openings will feature our new Project Soul design, which, in addition to convenience, expresses our Mediterranean hospitality and taps into guests’ desire for human connection, including softer seating, more greenery and a warmer brand pallet. Our restaurants generally range from 2,000 to 3,000 square feet in size and seat approximately 30 to 60 guests indoors. As of December 28, 2025, we offered drive-thru pick-up at 75 locations. In select markets, we operate Digital Kitchens to serve as centralized production hubs.

Sourcing, Manufacturing, and Distribution

Our Sourcing and Supply Chain

We have invested in vertically-integrated manufacturing capabilities and built a differentiated directly-sourced supply chain with more than 50 trusted grower, rancher, and producer partners. We conduct certain site visits to maintain our strong relationships and seek to ensure that our partners adhere to our high-quality standards. To secure any potential sourcing needs well in advance of our growth, we continually evaluate the strength and diversity of our supply chain. For additional information, see