Slide 1: Q1 2025 Earnings Supplemental
Q1 2025 Earnings Supplemental May 15th, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our current views with respect to, among other things, our operations and financial performance. F
Slide 3: Our Mission
OUR MISSION To bring heart, health, and humanity to food. WE BELIEVE IN: Serving delicious food that helps more people eat well and live well. Taking care of the people and things that feed us: the earth, farmers, purveyors, and team members. Food as a unifier, for a more diverse yet inclusive world
Slide 4: Q1 2025 Results
Q1 2025 RESULTS CAVA Same Restaurant Sales Growth CAVA Revenue (SRS%) $328.5M 10.8% +28.2% versus Q1 2024 CAVA Traffic of 7.5% CAVA Restaurant Level Profit Margin Total Company Adjusted EBITDA * $44.9M 25.1% $82.3M CAVA +34.6% versus Q1 2024 Restaurant Level Profit Total Company Net Income Total Com
Slide 5: Q1 2025 Business Highlights
Q1 2025 • CAVA Revenue up BUSINESS HIGHLIGHTS 28.2% YoY • 10.8% CAVA SRS% growth CAVA Revenue (in millions) CAVA Same Restaurant Sales Growth SRS% 3-Year SRS% • 7.5% traffic growth $328.5 50.6% 45.9% 47.4% $256.3 41.4% 41.5% $231.4 $241.5 $225.1 • 15 Net New CAVA 21.2% 18.1% Restaurant Openings 2.3%
Slide 6: 2025 Strategic Pillars
2025 STRATEGIC PILLARS Expand Our Mediterranean Way in Communities Across The Country Develop Personal Relationships with Guests, Even As We Scale Run Great Restaurants, Every Location, Every Shift Operate as a High-Performing Team
Slide 7: Our Newest Team Member
OUR NEWEST TEAM MEMBER Our recent campaign, debuting our playful new team member, Peter Chip, in celebration of National Pita Day on March 29th
Slide 8: Bringing the Heat for Summer
BRINGING THE HEAT FOR SUMMER The most recent launch of our Spice World campaign, highlighting bold, spicy offerings that bring the warmth of the Mediterranean to our guests A few guest feelings… “OH MY GOD OH MY GOD OH MY GOD I NEED THIS“ “I don’t think I’ve ever been more excited for anything ever
Slide 9: 2025 Fiscal Year Outlook
2025 FISCAL YEAR OUTLOOK P R I O R G U I DA N C E U P D AT E D G U I D A N C E Net New Restaurant Openings: 62 - 66 Net New Restaurant Openings: 64 - 68 CAVA Same Restaurant Sales Growth: 6.0% - 8.0% CAVA Same Restaurant Sales Growth: 6.0% - 8.0% CAVA Restaurant Level Profit Margin: 24.8% - 25.2% CA
Slide 10: Adjusted EBITDA & Free Cash Flow Reconciliation
ADJUSTED EBITDA & FREE CASH FLOW RECONCILIATION Q1 FY Q4 Q3 Q2 Q1 Adjusted EBITDA Reconciliation, $000s 2025 2024 2024 2024 2024 2024 Net income $25,707 $130,319 $78,619 $17,966 $19,741 $13,993 Interest income, net (4,617) (16,474) (3,645) (4,091) (3,824) (4,914) (Benefit from) provision for income
Slide 11: Thank You!
CAVA THANK YOU!