Cava Group (CAVA) Q3 FY2022 earnings: revenue $139 million
Cava Group, Inc. (CAVA) reported revenue of $139 million for Q3 FY2022, the quarter ended 2 October 2022. Net income was -$12 million, and diluted earnings per share $-8.96. The figures are the company's own, from the 10-Q it filed with the SEC on 8 November 2023.
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
| $ million | Q3 FY2022 | Q2 FY2022 | A year earlier | On the quarter | On the year | Last 8 quarters |
|---|---|---|---|---|---|---|
| Revenue | 139 | 136 | n/a | +2.5% | ||
| Cost of revenue | 113 | 110 | n/a | +2.3% | ||
| Gross profit | 26.4 | 25.6 | n/a | +3.1% | ||
| Gross margin | 19.0% | 18.8% | n/a | |||
| Selling, general and administrative | 16.5 | 16.3 | n/a | +1.6% | ||
| Operating income | -12.2 | -8.3 | n/a | |||
| Operating margin | -8.8% | -6.1% | n/a | |||
| Pre-tax income | -11.9 | -8.2 | n/a | |||
| Income tax | -0.0 | 0.1 | n/a | |||
| Net income | -11.9 | -8.2 | n/a | |||
| Net margin | -8.5% | -6.1% | n/a | |||
| Diluted EPS | -$8.96 | -$6.23 | n/a |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | Q3 FY2022 | Q2 FY2022 | A year earlier | On the quarter | On the year | Last 8 quarters |
|---|---|---|---|---|---|---|
| Operating cash flow | 6.7 | n/a | n/a | |||
| Capital expenditure | 26.1 | n/a | n/a | |||
| Free cash flow | -19.5 | n/a | n/a | |||
| Free cash flow margin | -14.0% | n/a | n/a | |||
| Cash from investing | -26.1 | n/a | n/a | |||
| Cash from financing | -0.0 | n/a | n/a | |||
| Depreciation and amortisation | 10.0 | 8.9 | n/a | +12.0% | ||
| Share-based compensation | 1.1 | n/a | n/a | |||
| Buybacks | 0.0 | n/a | n/a | |||
| Diluted shares, weighted | 1m | 1m | n/a | +0.4% | ||
| Shares outstanding at period end | 114m | 114m | n/a | +0.0% |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
| $ million | Q3 FY2022 | Q2 FY2022 | A year earlier | On the quarter | On the year | Last 8 quarters |
|---|---|---|---|---|---|---|
| Shareholders' equity | -430 | -420 | n/a | |||
| Redeemable equity | 662 | 662 | n/a | 0.0% | ||
| Goodwill | 1.9 | 1.9 | n/a | 0.0% | ||
| Cash and equivalents | 72.2 | 91.7 | n/a | -21.3% |
Questions
What was Cava Group's revenue in Q3 FY2022?
Cava Group (CAVA) reported revenue of $139 million for Q3 FY2022, the quarter ended 2 October 2022.
How much did Cava Group earn in Q3 FY2022?
Net loss for Q3 FY2022 was $12 million, and the diluted loss per share $8.96.
When did Cava Group report Q3 FY2022 results?
Cava Group filed its 10-Q for the quarter ended 2 October 2022 with the SEC on 8 November 2023.
Quarterly results, the last 17 quarters
| Q2 FY2022 | Q3 FY2022 | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 136 | 139 | 203 | 173 | 176 | 177 | 259 | 233 | 244 | 227 | 332 | 281 | 292 | 275 | 438 | 368 | 356 |
| Cost of revenue | 110 | 113 | 153 | 127 | 131 | 137 | 194 | 171 | 181 | 176 | 248 | 206 | 220 | 216 | 327 | 273 | 272 |
| Gross profit | 25.6 | 26.4 | 50.6 | 45.4 | 44.5 | 39.9 | 65.4 | 62.4 | 62.6 | 51.4 | 84.1 | 74.7 | 72.4 | 59.4 | 111 | 95.6 | 84.3 |
| Gross margin | 19% | 19% | 25% | 26% | 25% | 23% | 25% | 27% | 26% | 23% | 25% | 27% | 25% | 22% | 25% | 26% | 24% |
| SG&A | 16.3 | 16.5 | 29.0 | 23.3 | 24.5 | 24.7 | 33.8 | 28.3 | 29.8 | 28.5 | 41.4 | 32.1 | 31.5 | 32.5 | 51.6 | 39.8 | 38.1 |
| Operating income | -8.3 | -12.2 | -2.3 | 5.8 | 2.8 | -1.6 | 9.3 | 16.1 | 13.8 | 4.0 | 15.7 | 19.6 | 17.1 | 2.8 | 25.3 | 26.8 | 15.0 |
| Operating margin | -6% | -9% | -1% | 3% | 2% | -1% | 4% | 7% | 6% | 2% | 5% | 7% | 6% | 1% | 6% | 7% | 4% |
| Pre-tax income | -8.2 | -11.9 | -2.1 | 6.6 | 6.9 | 2.7 | 14.2 | 20.0 | 17.9 | 7.7 | 20.4 | 23.7 | 20.7 | 6.1 | 30.0 | 30.6 | 18.7 |
| Tax rate | n/a | n/a | n/a | 1% | 1% | 24% | 2% | 1% | -0% | -917% | -26% | 22% | 29% | 19% | 22% | 25% | 29% |
| Net income | -8.2 | -11.9 | -2.1 | 6.5 | 6.8 | 2.0 | 14.0 | 19.7 | 18.0 | 78.6 | 25.7 | 18.4 | 14.7 | 4.9 | 23.6 | 23.0 | 13.2 |
| Net margin | -6% | -9% | -1% | 4% | 4% | 1% | 5% | 8% | 7% | 35% | 8% | 7% | 5% | 2% | 5% | 6% | 4% |
| Diluted EPS | -$6.23 | -$8.96 | -$1.30 | $0.21 | $0.06 | $0.02 | $0.12 | $0.17 | $0.15 | $0.66 | $0.22 | $0.16 | $0.12 | $0.04 | $0.20 | $0.19 | $0.11 |
| Operating cash flow | n/a | 6.7 | 25.7 | 21.4 | 26.0 | 24.0 | 38.4 | 48.9 | 43.9 | 29.9 | 38.6 | 60.3 | 45.6 | 40.3 | 64.1 | 70.5 | 47.1 |
| Capital expenditure | n/a | 26.1 | 39.1 | 33.4 | 35.1 | 31.2 | 33.7 | 26.2 | 20.5 | 27.7 | 35.9 | 41.1 | 44.3 | 37.4 | 48.6 | 41.2 | 54.8 |
| Free cash flow | n/a | -19.5 | -13.4 | -11.9 | -9.1 | -7.2 | 4.7 | 22.7 | 23.4 | 2.1 | 2.7 | 19.2 | 1.4 | 2.9 | 15.5 | 29.3 | -7.7 |
| Buybacks | n/a | 0.0 | n/a | n/a | 0.1 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | 114m | 114m | 114m | 114m | 114m | 114m | 114m | 114m | 115m | 115m | 116m | 116m | 116m | 116m | 116m | 117m | 117m |
| Filing | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.10-Q for the period ended 2 October 2022, filed 8 November 2023: the filing.