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CAVA Group CAVA Pre-opening costs

Pre-opening costs at other companies

Darden Restaurants logo
Darden RestaurantsDRI
$8.8M+44.3%
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG

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$10.39B+21.0%
Enterprise value$10.59B+21.6%
P/E150.7×+10.7×
P/S7.8×-10.3×

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:PreOpeningCosts.

The official record: CAVA Group’s 10-Q, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CAVA Group's pre-opening costs?
CAVA Group (CAVA) reported pre-opening costs of $6.16M in Q2 2026.
How has CAVA Group's pre-opening costs changed year-over-year?
CAVA Group's pre-opening costs increased by 37.5% year-over-year, from $4.48M to $6.16M.
What is the long-term trend for CAVA Group's pre-opening costs?
Over 3 years (2021 to 2025), CAVA Group's pre-opening costs has grown at a 32.7% compound annual growth rate (CAGR), from $8.19M to $19.13M.
What does pre-opening costs mean?
The costs of preparing a new restaurant location for its grand opening.
How do you interpret pre-opening costs?
High pre-opening costs indicate an aggressive store expansion strategy, which may temporarily depress short-term profitability.
How does pre-opening costs compare across companies?
Standard metric for high-growth restaurant chains; compared relative to the number of new store openings.