CAVA
🇺🇸 NYSE:CAVA
•
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%.
CAVA Revenue
CAVA EPS
CAVA Revenue by Segment
CAVA Revenue by Geographic Location
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.