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CAVA Group | 8-K: CAVA GROUP REPORTS SECOND QUARTER 2024 RESULTS

CAVA Group | 8-K: CAVA GROUP REPORTS SECOND QUARTER 2024 RESULTS

CAVA Group | 8-K:卡瓦集团公布2024年第二季度业绩
美股SEC公告 ·  2024/08/23 04:20

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CAVA Group reported strong Q2 2024 results with revenue growing 35.2% to $231.4 million, driven by 14.4% same-restaurant sales growth including 9.5% traffic increase. The company opened 18 net new restaurants during the quarter, bringing the total to 341 locations, representing a 22.2% YoY increase. Restaurant-level profit margin improved to 26.5% from 26.1% in the prior year quarter.The company achieved net income of $19.7 million, up from $6.5 million in Q2 2023, while Adjusted EBITDA rose 59% to $34.3 million. Digital revenue mix remained strong at 35.8%, and average unit volume reached $2.7 million. Free cash flow was $22.7 million, demonstrating solid operational execution.Based on strong performance, CAVA raised its fiscal 2024 guidance, now projecting 54-57 net new restaurant openings, 8.5-9.5% same-restaurant sales growth, and Adjusted EBITDA of $109-114 million. The company's newly launched grilled steak offering has significantly outperformed expectations, contributing to increased customer visits.
CAVA Group reported strong Q2 2024 results with revenue growing 35.2% to $231.4 million, driven by 14.4% same-restaurant sales growth including 9.5% traffic increase. The company opened 18 net new restaurants during the quarter, bringing the total to 341 locations, representing a 22.2% YoY increase. Restaurant-level profit margin improved to 26.5% from 26.1% in the prior year quarter.The company achieved net income of $19.7 million, up from $6.5 million in Q2 2023, while Adjusted EBITDA rose 59% to $34.3 million. Digital revenue mix remained strong at 35.8%, and average unit volume reached $2.7 million. Free cash flow was $22.7 million, demonstrating solid operational execution.Based on strong performance, CAVA raised its fiscal 2024 guidance, now projecting 54-57 net new restaurant openings, 8.5-9.5% same-restaurant sales growth, and Adjusted EBITDA of $109-114 million. The company's newly launched grilled steak offering has significantly outperformed expectations, contributing to increased customer visits.
CAVA集团公布了2024年第二季度强劲的业绩,营业收入增长35.2%,达到23140万美元,主要受到14.4%同餐厅销售增长和9.5%客流量增加的驱动。该公司在该季度新开了18家净餐厅,使总数达到341个,同比增长22.2%。餐厅的利润率从上年同期的26.1%提高到26.5%。该公司的净利润为1970万美元,较2023年第二季度的650万美元大幅上升,而调整后的EBITDA增长了59%,达3430万美元。数字收入占比保持强劲,为35.8%,平均单店成交量达到270万美元。自由现金流为2270万美元,展现出稳健的运营执行能力。基于强劲的表现,CAVA上调了2024财政年度的指引,现在预计将开设54-57家净新餐厅,同餐厅销售增长为8.5-9.5%,调整后的EBITDA为10900-11400万美元。该公司新推出的烤牛排产品表现超出预期,促进了顾客的增加。
CAVA集团公布了2024年第二季度强劲的业绩,营业收入增长35.2%,达到23140万美元,主要受到14.4%同餐厅销售增长和9.5%客流量增加的驱动。该公司在该季度新开了18家净餐厅,使总数达到341个,同比增长22.2%。餐厅的利润率从上年同期的26.1%提高到26.5%。该公司的净利润为1970万美元,较2023年第二季度的650万美元大幅上升,而调整后的EBITDA增长了59%,达3430万美元。数字收入占比保持强劲,为35.8%,平均单店成交量达到270万美元。自由现金流为2270万美元,展现出稳健的运营执行能力。基于强劲的表现,CAVA上调了2024财政年度的指引,现在预计将开设54-57家净新餐厅,同餐厅销售增长为8.5-9.5%,调整后的EBITDA为10900-11400万美元。该公司新推出的烤牛排产品表现超出预期,促进了顾客的增加。
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