CAVA Group Inc (N:CAVA)

Sector:  Consumer Cyclicals Industry:  Restaurants & Bars
 
See Regulatory Filings on SEC
Company Contact
Address: 14 RIDGE SQUARE NW, SUITE 500
WASHINGTON DC 20016
Tel: N/A
Website: cava.com
IR: See website
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Key People
Brett Schulman
President, Chief Executive Officer, Director 		Tricia Tolivar
Chief Financial Officer 		Jennifer Somers
Chief Operations Officer
Theodore Xenohristos
Chief Concept Officer, Director 		Robert Bertram
Chief Legal Officer, Secretary 		 
Business Overview
CAVA Group, Inc. operates a category-defining Mediterranean fast-casual restaurant brand. The Company operates approximately 309 fast-casual CAVA restaurants in 24 states and Washington, D.C. The number of CAVA restaurants excludes two locations operating under a licensing arrangement and digital kitchens. Its Mediterranean cuisine unites taste and health, with a menu that features chef-crated and customizable bowls and pitas. Its dips, spreads, and dressings are centrally produced and sold in grocery stores. Its menu fulfills a range of dietary preferences, from hearty and indulgent to vegan, vegetarian, gluten-free, dairy-free, paleo, keto, and nut-free diets. The Company's guests can choose a chef-curated meal or a build-your-own-bowl or pita using its 38 ingredients with over 17.4 billion combinations. It has developed multi-channel access to in-restaurant dining, digital pick-up, drive-thru pick-up in select restaurants, delivery, catering, and consumer packaged goods offerings.
Financial Overview
For the fiscal year ended 31 December 2023, CAVA Group Inc revenues increased 29% to $728.7M. Net income totaled $13.3M vs. loss of $59M. Revenues reflect CAVA segment increase of 60% to $717.1M, Others segment increase of 9% to $7.8M. Net Income reflects Impairment and asset disposal costs decrease of 75% to $4.9M (expense), Pre-opening costs decrease of 19% to $15.7M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $8,682M as of Dec 31, 2023
Annual revenue (TTM): $728.70M as of Dec 31, 2023
EBITDA (TTM): $63.14M as of Dec 31, 2023
Net annual income (TTM): $13.28M as of Dec 31, 2023
Free cash flow (TTM): -$41.71M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 114,009,665 as of Apr 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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