Cava Group — Nov 12, 2024 release

Reconciliations to the most directly comparable financial measures presented in accordance with GAAP are set forth in the tables at the end of this press release. Fiscal Full-Year 2024 Outlook: CAVA Group announced today that it has raised fiscal full-year 2024 guidance, as follows: August 22, 2024 November 12, 2024 Net New CAVA Restaurant Openings 54 to 57 56 to 58 CAVA Same Restaurant Sales Growth 8.5% to 9.5% 12.0% to 13.0% CAVA Restaurant-Level Profit Margin 24.2% to 24.7% 24.5% to 25.0% Pre-opening costs $12.0 to $13.0 million $12.0 to $13.0 million Adjusted EBITDA $109.0 to $114.0 million $121.0 to $126.0 million Actual results may differ materially from CAVA Group's fiscal full-year 2024 guidance as a result of, among other things, the factors described under “Forward-Looking Statements” below. A reconciliation of the forward-looking fiscal 2024 Adjusted EBITDA to net income cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. About CAVA Group: CAVA is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Our brand and our opportunity transcend the Mediterranean category to compete in the large and growing limited-service restaurant sector as well as the health and wellness food category. CAVA serves guest