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CAVA Group | 10-Q: Q2 2024 Earnings Report

CAVA Group | 10-Q: Q2 2024 Earnings Report

CAVA Group | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/24 03:38

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CAVA Group reported robust Q2 2024 financial results, with revenue increasing 35.2% to $233.5 million, driven by 14.4% same-restaurant sales growth and 78 net new restaurant openings. Net income more than tripled to $19.7 million from $6.5 million year-over-year, while Adjusted EBITDA rose 59% to $34.3 million with margin expanding to 14.7%.The fast-casual Mediterranean chain demonstrated strong operational execution, opening 18 new restaurants during the quarter to reach 341 locations. Restaurant-level profit grew 37.3% to $61.3 million, with margin improving to 26.5%. Digital revenue remained steady at 35.8% of total sales, while guest traffic increased 9.5%.Looking ahead, CAVA maintains robust expansion plans while focusing on operational efficiency. The company's strong cash position of $343.7 million and zero debt provides ample liquidity for continued growth. Management highlighted potential release of tax valuation allowances given sustained profitability trends, which could positively impact future earnings.
CAVA Group reported robust Q2 2024 financial results, with revenue increasing 35.2% to $233.5 million, driven by 14.4% same-restaurant sales growth and 78 net new restaurant openings. Net income more than tripled to $19.7 million from $6.5 million year-over-year, while Adjusted EBITDA rose 59% to $34.3 million with margin expanding to 14.7%.The fast-casual Mediterranean chain demonstrated strong operational execution, opening 18 new restaurants during the quarter to reach 341 locations. Restaurant-level profit grew 37.3% to $61.3 million, with margin improving to 26.5%. Digital revenue remained steady at 35.8% of total sales, while guest traffic increased 9.5%.Looking ahead, CAVA maintains robust expansion plans while focusing on operational efficiency. The company's strong cash position of $343.7 million and zero debt provides ample liquidity for continued growth. Management highlighted potential release of tax valuation allowances given sustained profitability trends, which could positively impact future earnings.
CAVA集团发布了2024年第二季度强劲的财务结果，营业收入增长35.2%，达到23350万，受益于14.4%的同餐厅销售增长和78家新餐厅的开设。净利润同比增长三倍多，从650万增至1970万，而调整后的EBITDA增长59%，达到3430万，利润率扩大至14.7%。这家快速休闲地中海风味连锁店在运营执行方面表现出色，在本季度开设了18家新餐厅，达到341个门店。餐厅级利润增长37.3%，达到6130万，利润率改善至26.5%。数字收入在总销售额中保持稳定，占比35.8%，而顾客流量增长了9.5%。展望未来，CAVA保持强劲的扩张计划，同时专注于运营效率。公司强劲的现金状况为34370万，零负债为持续增长提供了充足的流动性。管理层强调，鉴于持续的盈利趋势，可能会释放税收评估免税额，这可能对未来的收益产生积极影响。
CAVA集团发布了2024年第二季度强劲的财务结果，营业收入增长35.2%，达到23350万，受益于14.4%的同餐厅销售增长和78家新餐厅的开设。净利润同比增长三倍多，从650万增至1970万，而调整后的EBITDA增长59%，达到3430万，利润率扩大至14.7%。这家快速休闲地中海风味连锁店在运营执行方面表现出色，在本季度开设了18家新餐厅，达到341个门店。餐厅级利润增长37.3%，达到6130万，利润率改善至26.5%。数字收入在总销售额中保持稳定，占比35.8%，而顾客流量增长了9.5%。展望未来，CAVA保持强劲的扩张计划，同时专注于运营效率。公司强劲的现金状况为34370万，零负债为持续增长提供了充足的流动性。管理层强调，鉴于持续的盈利趋势，可能会释放税收评估免税额，这可能对未来的收益产生积极影响。
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