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Dec 31, 2024
CAVA Q4 2024 Earnings Report
CAVA Group reported significant revenue growth, net income improvement, and strong restaurant performance in Q4 2024.
Key Takeaways
CAVA Group reported a strong fiscal fourth quarter with revenue growth of 28.3% to $225.1 million and adjusted net income of $6.5 million. The company experienced same-restaurant sales growth of 21.2% and added 15 new locations. Operating income was $3.95 million, driven by a restaurant-level profit margin of 22.4%.
Revenue increased 28.3% to $225.1 million.
Net income was $78.6 million, including a tax benefit.
Adjusted net income was $6.5 million, compared to $2.0 million in Q4 FY23.
Restaurant-level profit margin was 22.4%.
Revenue by Segment
Forward Guidance
CAVA Group anticipates continued growth in fiscal 2025 with plans for additional restaurant openings and same-restaurant sales growth.
Positive Outlook
- Anticipated net new restaurant openings between 62 to 66.
- Same-restaurant sales growth projected at 6.0% to 8.0%.
- Restaurant-level profit margin expected to range from 24.8% to 25.2%.
- Pre-opening costs estimated at $14.0 to $15.0 million.
- Adjusted EBITDA projected between $150.0 to $157.0 million.
Challenges Ahead
- Potential pressure from increased food costs.
- Incremental wage investments expected.
- Higher depreciation and amortization costs.
- Continued impact from competitive pressures.
- Uncertainty in broader economic conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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