CAVA Q4 revenue rose 28.3% to $225.1 million; net income $78.6 million incl. tax benefit
CAVA reported fourth-quarter and fiscal 2024 results, with revenue, net income and adjusted EBITDA all higher than in the prior year. Fourth-quarter net income of $78.6 million includes an $80.1 million benefit from releasing a valuation allowance on deferred tax assets, and excluding it, adjusted net income was $6.5 million. The company also gave fiscal 2025 guidance for adjusted EBITDA of $150.0 million to $157.0 million.
Key points
- Fourth-quarter CAVA Revenue rose 28.3% to $225.1 million; fiscal 2024 CAVA Revenue rose 33.1% to $954.3 million
- Fiscal 2024 net income was $130.3 million versus $13.3 million in fiscal 2023; excluding the VA Release, adjusted net income was $50.2 million
- Fiscal 2025 guidance: adjusted EBITDA of $150.0 million to $157.0 million and CAVA Same Restaurant Sales Growth of 6.0% to 8.0%, compared with 13.4% in fiscal 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.