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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 264M | 45.5% |
Gross Profit | 65M | 64% |
Cost of Revenue | 281M | 40.8% |
Operating expense | 55M | 36.9% |
Net Income | 14M | 582.9% |
EBITDA | 27M | 147% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.01B | 2.2% |
Total Liabilities | 424M | 2.7% |
Total Equity | 581M | 1.8% |
Shares Outstanding | 114M | 0.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 38M | 59.9% |
Cash from investing | -34M | 7.8% |
Cash from financing | -8M | 979.5% |
EPS
Financial Highlights for Cava in Q2 '24
Cava reported a revenue of 264M, which is a 45.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 65M, marking a 64% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 281M, a 40.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 55M, showing a 36.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 14M, showing a 582.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 27M, showing a 147% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Cava with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.