CAVA Q1 2023 Earnings — CAVA Group, Inc. Revenue & Financial Results | Market Cap Arena

CAVACAVA Group, Inc.

$9B

Q1 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$203M+27.7% YoY

Gross Profit

$51M24.9% margin

Operating Income

-$2M-1.1% margin

Net Income

-$2M-1.1% margin

EPS (Diluted)

$-1.30

QoQ Revenue Growth

+56.3%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

-$13M

Stock-Based Comp.

$928,000

Balance Sheet

Total Assets

$604M

Total Liabilities

$1.1B

Stockholders' Equity

-$451M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$203M	$159M	+27.7%
Gross Profit	$51M	$22M	+128.3%
Operating Income	-$2M	-$20M	+88.7%
Net Income	-$2M	-$20M	+89.3%