⁠Wall St Engine
$CAVA | Cava Group Q1 Earnings Highlights

🔹 Revenue: $331.8M (Est. $280.93M) 🟢; UP +28.2% YoY
🔹 Adj EPS: $0.22 (Est. $0.02) 🟢

FY25 Guidance:
🔹 Adjusted EBITDA: $152M–$159M (Raised from $150M–$157M) 🟢
🔹 Net New Restaurant Openings: 64–68 (Prev. 62–66)
🔹 Same Restaurant Sales Growth: 6.0%–8.0% (Reaffirmed)
🔹 Restaurant-Level Profit Margin: 24.8%–25.2% (Reaffirmed)
🔹 Pre-opening Costs: $14.5M–$15.5M (Prev. $14.0M–$15.0M)

Other Q1 Metrics:
🔹 Adj EBITDA: $44.9M (vs. $33.3M YoY); Margin: 13.5%
🔹 Free Cash Flow: $2.7M
🔹 Net Cash from Operating Activities: $38.6M

Operational Metrics:
🔹 CAVA Same Restaurant Sales Growth: +10.8%
  • Traffic Growth: +7.5%
  • Menu Price & Mix: +3.3%
🔹 Restaurant-Level Profit: $82.3M; UP +27.4% YoY
🔹 Restaurant-Level Profit Margin: 25.1% (vs. 25.2% YoY)
🔹 Digital Revenue Mix: 38.0%
🔹 Average Unit Volume (AUV): $2.9M (vs. $2.6M YoY)

Store Growth:
🔹 Net New Restaurant Openings: 15
🔹 Total Restaurants: 382 (UP +18.3% YoY)
🔸 Entered new market: Indiana — now in 26 states + DC

CEO Brett Schulman’s Commentary:
🔸 “In spite of economic uncertainty and challenging weather, CAVA’s first quarter results demonstrate the continued strength of our category-defining brand.”
🔸 “We’ve surpassed $1 billion in trailing-twelve-month revenue — a milestone that affirms Mediterranean as the next large-scale cultural cuisine category.”
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⁠Wall St Engine
MICHAEL BURRY JUST FILED HIS Q1'24 13F — HE’S NOW ONLY HOLDING ESTEE LAUDER $EL WITH A 50% ALLOCATION, AND THE REST IS IN CASH. HE SOLD OFF ALL HIS CHINA STOCKS.

LAST TIME HE MADE A MOVE LIKE THIS WAS BACK IN 2022. https://t.co/wgxuUEMHzO
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⁠Quiver Quantitative
BREAKING: Warren Buffett just filed a portfolio update.

Full holdings up on Quiver. https://t.co/WbjddDt2hL
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⁠Wall St Engine
BILL ACKMAN’S PERSHING SQUARE CAPITAL MANAGEMENT JUST FILED ITS Q1'24 13F.

HE SOLD OFF HIS ENTIRE POSITION IN $NKE, & ADDED $UBER — NOW HIS NUMBER ONE HOLDING.

HERE’S A LOOK AT HIS FULL PORTFOLIO: https://t.co/InWXLQ4zFj
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⁠Wall St Engine
DAVID TEPPER'S APPALOOSA MANAGEMENT JUST FILED A 13F UPDATING ITS PORTFOLIO FOR Q1'24.

HERE’S A LOOK AT ALL HIS HOLDINGS & ACTIVITY: https://t.co/YbPlpUyFuO
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⁠Wall St Engine
Nvidia $NVDA just released its 13F-HR: All of the Position— $ARM, $APLD, $CRWV, $NBIS, $RXRX, $WRD —remains same. https://t.co/jcknj4KaKv
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⁠Quiver Quantitative
BREAKING: Michael Burry just filed a portfolio update.

He sold all his old stock holdings, and opened a position in Estée Lauder, $EL.

Also still has put positions in multiple companies.

Full holdings up on Quiver. https://t.co/cBumCecwcp
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⁠Wall St Engine
SOROS FUND MANAGEMENT REPORTS SHARE STAKE OF 360,400 CLASS A SHARES IN ROCKET COMPANIES $RKT
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VALUEACT REPORTS A 9.9% ACTIVE STAKE IN ROCKET COMPANIES $RKT. TOTAL SHARES BENEFICIALLY OWNED: 15,125,609.

SOROS FUND MANAGEMENT REPORTS SHARE STAKE OF 360,400 CLASS A SHARES IN ROCKET COMPANIES $RKT - Wall St Engine
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⁠Wall St Engine
DOJ PROBES LIVE NATION $LYV, AEG FOR COLLUSION ON COVID-ERA REFUNDS
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⁠Quiver Quantitative
RT @MaxwellFrostFL: I only need 5 minutes to complete my financial disclosures every year cause I own zero stocks. The same should be true for all members of Congress. We must ban Congressional stock trading.
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