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SEGMENT REPORTING
9 Months Ended
Oct. 01, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTINGThe CODM reviews segment performance and allocates resources based upon restaurant level profit, which is defined as segment revenues less food, beverage, and packaging expenses, labor, occupancy, and other operating expenses. All segment revenue is earned in the United States, and all intersegment revenues have been eliminated. Sales from external customers are derived principally from sales of food, beverage, and CPG. The Company does not rely on any major customers as sources of sales. As the CODM is not provided with asset information by segment, assets are reported only on a consolidated basis. As described in Note 1 (Nature of Operations and Basis of Presentation), the Company no longer operates any Zoes Kitchen locations as of March 2, 2023.
Financial information for the Company’s reportable segments was as follows for the periods presented:
Twelve Weeks EndedForty Weeks Ended
($ in thousands)October 1,
2023
October 2,
2022
October 1,
2023
October 2,
2022
Revenue
CAVA$173,759 $116,213 $541,609 $333,546 
Zoes Kitchen— 21,432 3,867 94,996 
Other1,794 1,613 6,054 5,642 
Total revenue175,553 139,258 551,530 434,184 
Restaurant-level operating expenses (1)
CAVA130,179 90,992 403,430 265,480 
Zoes Kitchen— 20,263 4,044 89,497 
Other887 1,595 3,574 5,050 
Total restaurant-level operating expenses131,066 112,850 411,048 360,027 
Restaurant-level profit (loss)
CAVA43,580 25,221 138,179 68,066 
Zoes Kitchen— 1,169 (177)5,499 
Other907 18 2,480 592 
Total restaurant-level profit44,487 26,408 140,482 74,157 
Reconciliation of restaurant-level profit to income (loss) before income taxes:
General and administrative expenses24,472 16,547 76,817 53,768 
Depreciation and amortization11,528 10,018 35,096 31,783 
Restructuring and other costs1,092 2,055 5,160 4,989 
Pre-opening costs3,410 6,175 12,809 14,225 
Impairment and asset disposal costs1,190 3,838 4,295 9,848 
Interest (income) expense, net(3,956)(115)(4,630)262 
Other income, net(120)(188)(412)(644)
Income (loss) before income taxes$6,871 $(11,922)$11,347 $(40,074)
(1) Restaurant-level operating expenses consist of food, beverage, and packaging (excluding depreciation and amortization), labor, occupancy, and other operating expenses.
Other includes the Company’s CPG sales from CAVA Foods.