Slide 1: Q3 2024 Earnings Supplemental Materials
Q3 2024 EARNINGS SUPPLEMENTAL MATERIALS November 12, 2024
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: Q3 2024 Results
Q3 2024 RESULTS CAVA Revenue $241.5M +39.0% versus 2023 CAVA Same Restaurant Sales Growth (SRS%) 18.1% CAVA Traffic of 12.9% CAVA Restaurant Level Profit Margin 25.6% $61.8M CAVA Restaurant Level Profit Total Company Adjusted EBITDA $33.5M +69.2% versus 2023 Total Company Net Income $18.0M +162.9% v
Slide 5: Q3 2024 Business Highlights
Q3 2024 BUSINESS HIGHLIGHTS CAVA Revenue (in millions) CAVA Same Restaurant Sales (SRS%) Growth $256 SRS% 2-Year SRS% $231 $242 32.6% 32.2% • CAVA Revenue up 39.0% YoY 30.7% $174 $175 23.3% 26.2% • 18.1% CAVA SRS% growth 18.1% 14.1% 14.4% • 12.9% traffic growth 11.4% 2.3% 1 2 1 Q3 2023 Q4 2023 Q1 20
Slide 6: Our 2024 Strategic Pillars
OUR 2024 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: A Bold Spin on a Fan Favorite
A BOLD SPIN ON A FAN FAVORITE Nationally launched on October 7th our new Garlic Ranch Pita Chips – now available at all CAVA locations A few guest feelings… “Just used my points to order them with dinner let’s gooooooooo“ “They are addictive!! ” “Omggg Going NEOOOWWW!!!” GARLIC RANCH PITA CHIPS (for
Slide 8: Rewards Reimagined
REWARDS REIMAGINED Building an emotional connection with our guests through a more personalized experience and unexpected moments Our nationally launched loyalty program! HIGHLIGHTS New, more attainable bankable points program Reward choices, ranging from pita chips to entrees Seamless in-restaurant
Slide 9: 2024 Fiscal Year Outlook
2024 FISCAL YEAR OUTLOOK PRIOR GUIDANCE REVISED GUIDANCE Net New Restaurant Openings: 54 - 57 Net New Restaurant Openings: 56 - 58 CAVA Same Restaurant Sales Growth: 8.5% - 9.5% CAVA Same Restaurant Sales Growth: 12.0% - 13.0% CAVA Restaurant Level Profit Margin: 24.2% - 24.7% CAVA Restaurant Level
Slide 10: Adjusted EBITDA & Free Cash Flow Reconciliation
ADJUSTED EBITDA & FREE CASH FLOW RECONCILIATION Q3 Q2 Q1 FY Q4 Q3 Adjusted EBITDA Reconciliation, $000s 2024 2024 2024 2023 2023 2023 Net income $17,966 $19,741 $13,993 $13,280 $2,049 $6,833 Interest income, net (4,091) (3,824) (4,914) (8,852) (4,222) (3,956) (Benefit from) provision for income taxe
Slide 11: Thank You!
THANK YOU!