CAVA Group, Inc. (CAVA) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.317 Good afternoon, ladies and gentlemen, and welcome to the CAVA first quarter 2025 earnings 00:00:05.317 -- 00:00:09.642 conference call. At this time, all lines are in listen-only mode. 00:00:09.642 -- 00:00:13.706 Following the presentation, we will conduct a question-and-answer session. 00:00:13.706 -- 00:00:18.892 If at any time during this call you require immediate assistance, please press star 0 00:00:18.892 -- 00:00:23.937 for the operator. This call is being recorded on May 15, 2025. 00:00:23.937 -- 00:00:28.282 I would now like to turn the conference over to Matt Milinovich. 00:00:28.282 -- 00:00:30.625 Please go ahead. 00:00:30.625 -- 00:00:35.190 Good afternoon and welcome to CAVA's first quarter 2025 financial results conference 00:00:35.190 -- 00:00:40.315 call. Before we begin, if you do not already have a copy, the earnings released and related 00:00:40.315 -- 00:00:46.340 8K furnished to the SEC are available on our website at investor.cava.com. 00:00:46.822 -- 00:00:51.147 The purpose of this conference call is to give investors further details regarding the 00:00:51.147 -- 00:00:56.012 company's financial results, as well as a general update on the company's progress. 00:00:56.012 -- 00:01:00.851 You will find reconciliations of any non-GAAP financial measure discussed on today's 00:01:00.851 -- 00:01:04.597 call to the most directly comparable financial measure calculated in accordance with 00:01:04.597 -- 00:01:09.384 GAAP to the extent available without unreasonable efforts in today's earnings release 00:01:09.384 -- 00:01:13.968 and supplemental deck, each of which is posted on the company's website. 00:01:14.271 -- 00:01:18.838 Before we begin, let me remind everyone that this call will contain forward-looking...