CAVA Group Expects 2024 Adjusted EBITDA Of $86M-$92M; Sees Same Restaurant Sales Growth Of 3%-5% And Restaurant-Level Profit Margin 22.7%-23.3%

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CAVA Group Inc.

CAVA

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Fiscal 2024 Outlook:

CAVA Group anticipates the following for fiscal 2024:

Net New CAVA Restaurant Openings		48 to 52
CAVA Same Restaurant Sales Growth		3.0% to 5.0%
CAVA Restaurant-Level Profit Margin		22.7% to 23.3%
Pre-opening costs		$11.5 to $12.5 million
Adjusted EBITDA		$86.0 to $92.0 million

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