Matt. Thanks,
as a everyone to welcoming first publicly company. held start call quarterly me by Let CAVA’s
CAVA. is chapter and the results. beginning Becoming how that’s of next a event, long on our you’ll a the business a the brand the hear, milestone as our but was with delivers But of pleased great while destination consistently company, public journey. market not the durable term, running has a that building received We’re focus
the of next XXXX and white our defining appeal in quarter concept and creating the innovative, front opportunity space cultural and us. significant category, of our Mediterranean results is CAVA broad of second authentic the in cuisine demonstrates the
opening established markets. new restaurants successfully We’re in and
to continue efficient, putting in the our to growth. in deliver organization, significant economics, investments a deliver and We powerful extraordinary an potential we’ve scalable strong made company building already position unit on for
a that proving for are success. health We heart, humanity powerful is and food to bringing formula
XXX increase In net growth; sales quarter same-restaurant second traffic million, CAVA year-over-year; growth XXXX, second XX.X% growth, ending XX%; and XXXX; million the of million. new EBITDA delivered XX.X% XX of we adjusted of net of $XX.X XX.X% quarter revenue $X.X restaurants; including a over quarter with $XX.X restaurants, income of the CAVA the increase a
ability capitalize our on Our QX to results the strategic ahead grounded are and X pillars. in opportunities
Mediterranean our solidifying are brand. category-defining we First,
and XXXX and net this CAVA proven our pipeline strong support with during and count and in expect quarter, appeal XXXX restaurants Massachusetts, and broad new growth new Our along in Colorado. expansion restaurant Island, including of markets. portability to now Texas, the second We new openings net existing have states, opened XX XX%. We unit and supports restaurant at Rhode CAVA XX to annual Missouri continued openings X year least new XX built Georgia
the restaurant open market, in unique Midwest. XXXX, in of the brand our In hospitality CAVA we’ll first the Chicago extending
the In experience brand properties. restaurant our addition new to enhancing across our digital growth, we’re
spring, faster us. creating cart meeting look performance. brighter app CAVA digital feel front they deliver guests on hospitality a are, they increased capabilities engage and app, reorders they improved save creating we for regardless updated warmer, personalized guests. making with where our our This refreshed Our sure payment has Mediterranean experience an our more and new reskinned including functionality functionality of favorites, feel how focus and, brand importantly, way and is a the and door better A to and and
We’ve last sustainable and as deliver will micro out on end an web unified starting the launched innovation channel our in-house average. us year scale. to continues that on digital at an scalability. consistent driving growth your to We fully we investment initiative, our across believe increased flexible few cart state have. conversion our per-person much Our and checking brands, enhanced larger unified This it site dynamic Whether platform either parity the or also capabilities less, many completed our platform for size, migrating e-commerce order order create will services and new new leverage of rapid positions app, a upfront content including management, with it’s be platform seamless restaurants feature. supports in
Our a best-in-class modern, second developing is strategic organization. pillar
we scale results business, delivering every on this we every running focused shifts As strong, are great consistent day. and restaurant in
true leaders stay engaged who teams We’re and skills restaurant experiences. create mission, with high-performing provide highly great our building a and and leaders the qualified, pipeline guest fantastic of to culture values. to operations are These run
as Academy gardens Academy Our supports XXXXtarget creating we GMs this hubs metric. GMs, also end only GM in support achieve work, the least of network. top GMs restaurant performers and The are expect our place work minimize in certified groups GM our train XX% lead training to restaurants. leaders, preopening is not system By of To we pace developed currently farm and X X by growth we’ve are internally to this new XXXX, have restaurants. each or Academy GMs but on GM for training our to serves a to to and Academy costs develop network of and new markets. our future of at
recently training including the We plan by X existing leader allowing add XX all Academy XX currently for GMs We to position. to Academy of year, promoted for the in GMs, the markets. restaurants have end new multi-unit localized
years us over and We continue of started for XX old GMs, development members, years [Dickson] pathways by team at one ago. Academy our our opportunities Valdez]. evidenced to build X new [Dickson with
and Manager progressed on then have farm Manager-in-Training a and CAVA, leader, Guest [Dickson] recently has power to career, can to member multiunit system, that he General was the to time, Academy promoted job. GM, build just GM. an certified that as not you During at of from then a Experience to team proving our demonstrating
Our the and to this experience, we our long-term our pillar These operations, to are business. Knowing leverage the is strategic the positive investments them continue we to time. expect scale and a third create support investments successfully can grow guest to and what to strategic building on deliver, concept impact team infrastructure our continue make growth. having over
one example. Our vertically are production integrated capabilities
This is facility We’ve place. to as steel elected is QX nearly addition pace the foot restaurants Equipment square business. our complete. the framing consistent exterior operations XXXX. all XXX in food restaurants current operational CPG Virginia the in envelope least commence is our Construction production as well and we’re in in quality. superior on approach in our reduces production state-of-the-art facility management Laurel, production product complexity Maryland, the of in XX,XXX at Verona, our spreads, supports of dips and and underway, well Verona, to support is arriving centralizes be will to integrated team our able and and
to Shifting loyalty.
business. toward traffic, relaunching personalization We further capabilities the new a in the will for we year, mix the customer segmentation Working this Late late a program, to the our we target driving of developing experience. are scale. is program, toward to that inform more that geared our with early will creating will begin running and guest pilots that of them deeper our launch and developing test frequent both XXXX, relevant value program connections experiences the drive enhance guests, be team in check as phase foundational infrastructure add
days, has food earliest strength created our Since and culinary in unite. our innovation health where craveable taste
for development, way and new built through items. Two of have have worked launched QX. launch We the the robust items gate a stage their and process testing in ideation, infrastructure
occasions we Spicy Our to incidence Falafel an We core seasonal topping, drive continuous while Spicy use in new is launched guests our new how Falafel meeting Fiery new expectations. main June, Broccoli, of are and mix; our discovery. innovation new and rates fuels that example innovation attracts demonstrates and create
plant-based adoption customer topping, replaced Broccoli, culinary Fiery Lentil leadership. successful toppings Tabbouleh of Mediterranean our which our and our assortment. And seeing expanded our options we’re These launches have strong optimizing reinforced
businesses, on opportunity. progress athletic I we have well catered Next, embraced to compelling products. the our test. want as growth professional teams, And as and of a collegiate Many catering our be believe touch can catering
test existing to format the seizing how variations continue to channels. to We from maximize production, detracting understand opportunity without catering
hub hybrid kitchens we Today, to and catering expanded standard support kitchens order in-restaurant digital along pickup, that have support XX X with digital with offer dining centralized that pickup, and kitchens production. digital catering centralized production
also piloting accommodate and in-restaurant restaurant catering traditional are catering where in digital can volumes pickup a format production. We
on updates and we’ll the in the operational monitor against As milestones, we and performance quarters. future share our progress financial pilot closely
consistency, Finally, we’re drive infrastructure investing data scalability. to in operating and our effectiveness
financial informs developed studies. restaurant a in internally anonymized In for with allowing and pane richer currently gives impact segmentation data test, efficient launched leaders operational scorecard, real operation proprietary, a psychographic analytics also and QX, Our metrics new in data. real-time our actionable we improved and estate key platform of single glass, and mobile that
analysis managers Another time putting site it the team. real packages together that allowing greater benefit of the estate for the new on spend productivity significantly is reduces platform
Before highlights of up would to in and call us. QX Tricia, I wrap the the I opportunity turn with reiterate over to like front
traffic same-restaurant strength economic was the sales show CAVA driven unit XX.X%, XX.X% to continue growth. results quarter’s This of our by growth engine.
economic EBITDA income. over AUV QX, Our in of powerful than our million restaurant-level evidenced net resulting model million is profit of and $XX and more XX.X% unit margin $X.X billion $X by during CAVA adjusted
members Finally, mission to to I team heart, engaged who and of want bringing for focused, to humanity committed and health my our are food. gratitude express deeply our
strength category, clear. and of create of concept and define is new us, As the opportunity a position in space white front our the leadership our we
advantages, job most have to to these right of team it. believe make and Our we do the is we
walk the with that, you Tricia I’ll let financials. And through
