Slide 1: Q4 2024 Earnings Supplemental Materials
Q4 2024 EARNINGS SUPPLEMENTAL MATERIALS February 25, 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: Q4 2024 Results
Q4 2024 RESULTS CAVA Revenue $225.1M +36.8% versus Q4 2023 1 CAVA Same Restaurant Sales Growth (SRS%) 21.2% CAVA Traffic of 15.6% CAVA Restaurant Level Profit Margin 22.4% $50.4M CAVA Restaurant Level Profit Total Company Adjusted EBITDA $25.1M +60.0% versus Q4 2023 Total Company Adjusted Net Income
Slide 5: FY 2024 Results
FY 2024 RESULTS CAVA Revenue $954.3M +35.1% versus FY 2023 1 CAVA Same Restaurant Sales Growth (SRS%) 13.4% CAVA Traffic of 8.7% CAVA Restaurant Level Profit Margin 25.0% $238.1M CAVA Restaurant Level Profit Total Company Adjusted EBITDA $126.2M +71.0% versus FY 2023 Total Company Adjusted Net Incom
Slide 6: Q4 2024 Business Highlights
Q4 2024 BUSINESS HIGHLIGHTS CAVA Revenue (in millions) CAVA Same Restaurant Sales (SRS%) Growth $256 SRS% 2-Year SRS% $231 $242 32.6% 32.2% 32.6% • CAVA Revenue up 36.8% 3 YoY $225 30.7% $175 26.2% 21.2% • 21.2% CAVA SRS% growth 18.1% 14.4% • 15.6% traffic growth 11.4% 2.3% 1 2 1 Q4 2023 Q1 2024 Q2
Slide 7: Strategic Pillars
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 8: Abundance Not Restriction
ABUNDANCE NOT RESTRICTION Our recent partnership with Olympic gold medalist, Gabby Thomas A few guest feelings… “The collab I needed. Name dropping everytime I go. “ “This is so important to me ” “Favorite athlete + CAVA = ” FALAFEL CRUNCH BOWL (for a limited time only) GABBY THOMAS
Slide 9: Recent & Upcoming New Market Entries
RECENT & UPCOMING NEW MARKET ENTRIES Expanding our Southeast, Midwest & Mid-Atlantic presence with new market openings in South Florida, Indianapolis, Detroit, and Pittsburgh, with a presence in 25 states and the District of Columbia Existing Presence Pittsburgh, PA Recent & Upcoming New Detroit, MI
Slide 10: 2025 Fiscal Year Outlook
2025 FISCAL YEAR OUTLOOK 2025 OUTLOOK Net New Restaurant Openings: 62 - 66 CAVA Same Restaurant Sales Growth: 6.0% - 8.0% CAVA Restaurant Level Profit Margin: 24.8% - 25.2% Pre-Opening Costs: $14.0M - $15.0M Adjusted EBITDA: $150.0M - $157.0M Actual results may differ materially from CAVA Group's fi
Slide 11: Updated Unit Economics
UPDATED UNIT ECONOMICS PREVIOUS UPDATED Y1: $2.1M Y1: $2.3M Y1/Y2 Average Unit Value Y2: $2.3M Y2: $2.5M Y1: 10% Y1: 10% Y1/Y2 Growth Rate Y2: 8% Y2: 8% Y2 Restaurant Level Profit 20% 22% Net Capital Expenditures $1.3M $1.375M Y2 Cash-on-Cash Returns At least 35% At least 40%
Slide 12: Adjusted EBITDA, Adjusted Net Income & Free Cash Flow Reconciliation
ADJUSTED EBITDA, ADJUSTED NET INCOME & FREE CASH FLOW RECONCILIATION FY Q4 Q3 Q2 Q1 FY Q4 Adjusted EBITDA Reconciliation, $000s 2024 2024 2024 2024 2024 2023 2023 Net income $130,319 $78,619 $17,966 $19,741 $13,993 $13,280 $2,049 Interest income, net (16,474) (3,645) (4,091) (3,824) (4,914) (8,852)
Slide 13: Thank You!
THANK YOU!