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CAVA Group CAVA Rewards — Contract with Customer, Liability

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Other financials

Income statement

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Revenue$438.3M+32.1%
Gross profit$111.2M+32.3%
Operating income$25.3M+60.8%
Net income$23.6M-8.3%
EPS (diluted)$0.20-9.1%

Balance sheet

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Cash & equivalents$295.8M+2.2%
Total debt$498.5M+20.8%
Total equity$810.0M+11.5%
Total assets$1.4B+15.8%

Cash flow

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Operating cash flow$64.1M+66.1%
CapEx$48.6M+35.4%
Free cash flow$15.5M+473%

Valuation

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Market cap$7.71B-22.7%
Enterprise value$7.91B-21.6%
P/E111.8×+8.0×
P/S5.8×-7.6×

Profitability

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Gross margin24.6%-0.5pp
Operating margin4.7%+0.2pp
Net margin5.4%-8.1pp
FCF margin2.3%

Returns & leverage

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Return on equity8.6%-11.9pp
Debt / equity0.6×0.0×
Current ratio2.7×-0.3×

Where this comes from

Reported directly by CAVA Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: CAVA Group’s 10-Q, filed May 20, 2026.

Filed
May 19, 2026, 2:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-036625
(in thousands)Sixteen Weeks Ended / April 19,2026April 20,2025
CAVA Rewards and gift card liabilities, beginning balance$6,775$6,736
Revenue deferred - gift card purchases and CAVA Rewards points earned5,7634,455
Revenue recognized - redemptions and breakage(6,650)(4,752)
CAVA Rewards and gift cards liabilities, ending balance$5,888$6,439

Item 1. Financial Statements (Unaudited)

FAQ

What is CAVA Group's rewards — contract with customer, liability?
CAVA Group (CAVA) reported rewards — contract with customer, liability of $5.89M in Q2 2026.
How has CAVA Group's rewards — contract with customer, liability changed year-over-year?
CAVA Group's rewards — contract with customer, liability decreased by 8.6% year-over-year, from $6.44M to $5.89M.
What does rewards — contract with customer, liability mean?
This metric represents the total outstanding obligation to customers arising from unredeemed gift cards and earned loyalty program points. It reflects the value of goods and services that the company is contractually committed to provide in future periods. This liability is a key indicator of customer engagement and future potential revenue realization.

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