Company Participants
Matt Milanovich – Senior Vice President of Finance
Brett Schulman – Co-Founder, CEO, President & Director
Tricia Tolivar – Chief Financial Officer
Conference Call Participants
Andrew Barish – Jefferies LLC, Research Division
Brian Mullan – Piper Sandler & Co., Research Division
David Tarantino – Robert W. Baird & Co. Incorporated, Research Division
Eric Gonzalez – KeyBanc Capital Markets Inc., Research Division
Andrew Charles – TD Cowen, Research Division
Sharon Zackfia – William Blair & Company L.L.C., Research Division
Jacob Aiken-Phillips – Melius Research LLC
John Ivankoe – JPMorgan Chase & Co, Research Division
Christopher O’Cull – Stifel, Nicolaus & Company, Incorporated, Research Division
Sara Senatore – BofA Securities, Research Division
Danilo Gargiulo – Sanford C. Bernstein & Co., LLC., Research Division
Dennis Geiger – UBS Investment Bank, Research Division
Jeffrey Bernstein – Barclays Bank PLC, Research Division
Jon Tower – Citigroup Inc., Research Division
Brian Harbour – Morgan Stanley, Research Division
Logan Reich – RBC Capital Markets, Research Division
Nick Setyan
Brian Vaccaro – Raymond James & Associates, Inc., Research Division
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the CAVA Q3 2025 Earnings Call. [Operator Instructions] This call is being recorded on Tuesday, November 4, 2025. I would now like to turn the conference over to Matt Milanovich, Head of Investor Relations. Please go ahead.
Matt Milanovich
Senior Vice President of Finance
Good afternoon, and welcome to CAVA’s Third Quarter 2025 Financial Results Conference Call. Before we begin, if you do not already have a copy, the earnings release and related 8-K furnished to the SEC are available on our website at investor.cava.com. The purpose of this conference call is to give investors further details regarding the company’s financial results as well as a general update on the company’s progress. You will find reconciliations between non-GAAP financial measures discussed on today’s call to the
