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SEGMENT REPORTING
4 Months Ended
Apr. 21, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The CODM reviews segment performance and allocates resources based upon restaurant level profit, which is defined as segment revenues less food, beverage, and packaging, 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. Other includes the Company’s CPG sales from CAVA Foods.
Financial information for the Company’s reportable segments was as follows:
Sixteen Weeks Ended
($ in thousands)April 21,
2024
April 16,
2023
Revenue
CAVA$256,290 $196,761 
Zoes Kitchen— 3,867 
Other2,716 2,455 
Total revenue259,006 203,083 
Restaurant operating expenses (1)
CAVA191,674 146,778 
Zoes Kitchen— 4,044 
Other1,966 1,697 
Total restaurant operating expenses193,640 152,519 
Restaurant-level profit (loss)
CAVA64,616 49,983 
Zoes Kitchen— (177)
Other750 758 
Total restaurant-level profit65,366 50,564 
Reconciliation of restaurant-level profit to income (loss) before income taxes:
General and administrative expenses33,840 29,024 
Depreciation and amortization17,322 12,859 
Restructuring and other costs282 2,215 
Pre-opening costs3,379 5,999 
Impairment and asset disposal costs1,290 2,719 
Interest (income) expense, net(4,914)25 
Other income, net(78)(174)
Income (loss) before income taxes$14,245 $(2,103)
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(1)    Restaurant operating expenses consist of food, beverage, and packaging (excluding depreciation and amortization), labor, occupancy, and other operating expenses.