CAVA — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-20

• The Company’s operations are conducted as two operating segments: CAVA and CAVA Foods. CAVA includes the operations of all company-owned CAVA restaurants. CAVA Foods includes the production of dips, spreads, and certain dressing bases used in CAVA restaurants as well as sales from the Company’s CPG …

• CAVA Foods is below quantitative thresholds for segment reporting purposes, resulting in CAVA being the Company’s one reportable segment. The Company’s CPG operations are included in Other non-reportable segment. See Item 1. “Financial Statements,” Note 12 (Segment Reporting) for more information.

• 1 See “Non-GAAP Financial Measures” below for a discussion of Adjusted EBITDA and Adjusted EBITDA margin and a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure. Adjusted EBITDA margin is Adjusted EBITDA as a percentage of revenue.

• Our results of operations, on a consolidated basis and by segment, for the sixteen weeks ended April 19, 2026 and April 20, 2025, are set forth below.

• Comparison of the sixteen weeks ended April 19, 2026 and April 20, 2025

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• The Company’s operations are conducted as two segments: CAVA and CAVA Foods. CAVA includes the operations of all company-owned CAVA restaurants. CAVA Foods includes the production of dips, spreads, and certain dressing bases used in CAVA restaurants as well as sales from our consumer-packaged goods …

• 1 To achieve an optimal comparison of fiscal weeks in the CAVA Same Restaurant Sales Growth calculation in fiscal 2024, giving consideration to holiday periods, each week of fiscal 2023 was shifted by one week. As a result of this shift, approximately $2.3 million of revenue is not included in CAVA …

• 2 Presented on a trailing thirteen period basis. For purposes of calculating CAVA AUV for the reporting period ended October 5, 2025, the applicable measurement period is the trailing thirteen periods ended October 5, 2025. For the reporting period ended October 6, 2024, the applicable measurement p…

• 3 See “Non-GAAP Financial Measures” below for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Net Income margin and reconciliations of Adjusted EBITDA and Adjusted Net Income to net income, the most directly comparable GAAP measure. Adjusted EBITDA margin i…

• Our results of operations, on a consolidated basis and by segment, for the twelve and forty weeks ended October 5, 2025 and October 6, 2024, are set forth below. We present our segment results before our consolidated results as we believe that our CAVA segment is more useful and meaningful in assess…

Text added vs the prior filing · source: 10-Q · 2026-05-20

• Maximum Number of Securities to be Sold Pursuant to the Rule 10b5-1 Trading Plan

• * The Rule 10b5-1 trading arrangement may terminate earlier than the scheduled termination date if all transactions under the trading arrangement are completed.

• Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

• On May 15, 2026, the Company entered into a Separation Agreement and General Release with Kenneth R. Bertram, which contains certain severance benefits, as more particularly described under the heading “Separation Agreement with Robert Bertram” in the Company's Proxy Statement filed on April 24, 202…