Filing Flows › Cava Group (CAVA) › Q4 2024
Cava Group (CAVA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Cava Group (CAVA) reported revenue of $227M for the fourth quarter 2024 (Q4 2024), +28% from a year earlier and -7% from the quarter before. Operating margin was 1.7%, net earnings $78.6M (34.6% of revenue).
Cava Group, Q4 2024: revenue $227M (+28% year over year), operating margin 1.7%, net earnings $78.6M, operating cash flow $29.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $227M | -7% | +28% |
| Operating profit | $4.0M | -71% | — |
| Net earnings | $78.6M | +338% | 38× |
| Operating cash flow | $29.9M | -32% | +24% |
| Free cash flow | $2.1M | — | — |
What changed
Revenue was $227.4M in Q4 2024, up 28% year over year and down 7% from the previous quarter. Restaurant revenue was the largest line at 99% of revenue.
Operating profit was $4.0M, a 1.7% margin (up 2.6 points year over year). The fastest-growing cost line was SG&A (+16%). Net earnings were $78.6M, up 3737% year over year. The tax line was a benefit of $70.9M on pre-tax earnings of $7.7M. Non-operating items added $3.8M, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $29.9M (up 24% year over year), 38% of net earnings. Non-cash charges added back $15.0M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $67.4M. After purchases of property and equipment ($27.7M), free cash flow as the company reports it was $2.1M.
Questions
What was Cava Group's revenue in the fourth quarter 2024?
Cava Group (CAVA) reported revenue of $227M for the fourth quarter 2024 (Q4 2024), +28% from a year earlier and -7% from the quarter before.
Was Cava Group profitable in the fourth quarter 2024?
Operating profit was $4.0M (1.7% of revenue) and net earnings $78.6M.
Source: Cava Group 10-K on SEC EDGAR.