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

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

CAVA Group | 8-K:卡瓦集團公佈2024年第三季度業績
美股SEC公告 ·  2024/11/12 15:33

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CAVA Group reported strong Q3 2024 results with revenue growing 39% to $241.5 million, driven by 18.1% same-restaurant sales growth including 12.9% traffic increase. The company added 11 net new restaurants during the quarter, bringing the total to 352 locations, representing a 21.4% YoY expansion.The company demonstrated robust profitability with restaurant-level profit margin reaching 25.6%, up from 25.1% in Q3 2023. Net income surged to $18 million from $6.8 million YoY, while Adjusted EBITDA rose 69.2% to $33.5 million. Digital revenue accounted for 35.8% of total sales.Given the strong performance, CAVA raised its fiscal 2024 guidance, projecting 56-58 new restaurant openings, 12-13% same-restaurant sales growth, and Adjusted EBITDA of $121-126 million. The company maintains strong liquidity with $367.2 million in cash and cash equivalents.
CAVA Group reported strong Q3 2024 results with revenue growing 39% to $241.5 million, driven by 18.1% same-restaurant sales growth including 12.9% traffic increase. The company added 11 net new restaurants during the quarter, bringing the total to 352 locations, representing a 21.4% YoY expansion.The company demonstrated robust profitability with restaurant-level profit margin reaching 25.6%, up from 25.1% in Q3 2023. Net income surged to $18 million from $6.8 million YoY, while Adjusted EBITDA rose 69.2% to $33.5 million. Digital revenue accounted for 35.8% of total sales.Given the strong performance, CAVA raised its fiscal 2024 guidance, projecting 56-58 new restaurant openings, 12-13% same-restaurant sales growth, and Adjusted EBITDA of $121-126 million. The company maintains strong liquidity with $367.2 million in cash and cash equivalents.
CAVA集團公佈了2024年第三季度的強勁業績,營業收入增長39%,達到24150萬美元,受益於18.1%的同店銷售增長和12.9%的客流量增加。公司在季度內新增了11家淨新餐廳,使總數達到352個,年同比增長21.4%。公司展示了強勁的盈利能力,餐廳層面的利潤率達到25.6%,高於2023年第三季度的25.1%。凈利潤從680萬美元激增至1800萬美元,調整後的EBITDA增長69.2%,達到3350萬美元。數字收入佔總銷售的35.8%。鑑於表現強勁,CAVA上調了2024財政年度的指導,預計新餐廳開業56-58家,同店銷售增長12-13%,調整後的EBITDA爲12100-12600萬美元。公司保持強大的流動性,現金及現金等價物達36720萬美元。
CAVA集團公佈了2024年第三季度的強勁業績,營業收入增長39%,達到24150萬美元,受益於18.1%的同店銷售增長和12.9%的客流量增加。公司在季度內新增了11家淨新餐廳,使總數達到352個,年同比增長21.4%。公司展示了強勁的盈利能力,餐廳層面的利潤率達到25.6%,高於2023年第三季度的25.1%。凈利潤從680萬美元激增至1800萬美元,調整後的EBITDA增長69.2%,達到3350萬美元。數字收入佔總銷售的35.8%。鑑於表現強勁,CAVA上調了2024財政年度的指導,預計新餐廳開業56-58家,同店銷售增長12-13%,調整後的EBITDA爲12100-12600萬美元。公司保持強大的流動性,現金及現金等價物達36720萬美元。
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