SEC Comment Letter 0000000000-23-003305 to CAVA GROUP, INC. (CAVA) (CIK 0001639438) (CAVA)
CAVA GROUP, INC. (CAVA) (CIK 0001639438)
Date: March 31, 2023 · CIK: 0001639438 · Accession: 0000000000-23-003305
AI Filing Summary & Sentiment
Letter
United States securities and exchange commission logo March 31, 2023 Robert Bertram Chief Legal Officer CAVA GROUP, INC. 14 Ridge Square NW, Suite 500 Washington, D.C. 20016 Re:CAVA GROUP, INC. Amendment No. 1 to Draft Registration Statement on Form S-1 Submitted March 17, 2023 CIK No. 0001639438 Dear Robert Bertram: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 1 to Draft Registration Statement on Form S-1 Summary, page 1 1.We note your response to comments 2, 4 and 7 and reissue our comments in part. In this section and your Business section, to give investors context to understand your organic growth and historical results, where you present financial results for your CAVA segment, please revise to also include comparable figures for your consolidated financial results. Your consolidated financial results as presented in the included financial statements should be given equal presentation, weight, prominence and should be disclosed first or along side any segment results.
FirstName LastNameRobert Bertram Comapany NameCAVA GROUP, INC. March 31, 2023 Page 2 FirstName LastName Robert Bertram CAVA GROUP, INC. March 31, 2023 Page 2 CAVA: Defining A Category, page 1 2.We note your response to comment 5 and reissue. Please refer to your CAVA CAGR chart. Please revise to balance your CAVA CAGR presentation with your audited revenue and net income or losses for the same periods. You may contact James Giugliano at 202-551-3319 or Lyn Shenk at 202-551-3380 if you have questions regarding comments on the financial statements and related matters. Please contact Taylor Beech at 202-551-4515 or Donald Field at 202-551-3680 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Kenneth B. Wallach
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United States securities and exchange commission logo
March 31, 2023
Robert Bertram
Chief Legal Officer
CAVA GROUP, INC.
14 Ridge Square NW, Suite 500
Washington, D.C. 20016
Re:CAVA GROUP, INC.
Amendment No. 1 to Draft Registration Statement on Form S-1
Submitted March 17, 2023
CIK No. 0001639438
Dear Robert Bertram:
We have reviewed your amended draft registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to these comments and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Amendment No. 1 to Draft Registration Statement on Form S-1
Summary, page 1
1.We note your response to comments 2, 4 and 7 and reissue our comments in part. In this
section and your Business section, to give investors context to understand your organic
growth and historical results, where you present financial results for your CAVA segment,
please revise to also include comparable figures for your consolidated financial
results. Your consolidated financial results as presented in the included financial
statements should be given equal presentation, weight, prominence and should be
disclosed first or along side any segment results.
FirstName LastNameRobert Bertram
Comapany NameCAVA GROUP, INC.
March 31, 2023 Page 2
FirstName LastName
Robert Bertram
CAVA GROUP, INC.
March 31, 2023
Page 2
CAVA: Defining A Category, page 1
2.We note your response to comment 5 and reissue. Please refer to your CAVA CAGR
chart. Please revise to balance your CAVA CAGR presentation with your audited
revenue and net income or losses for the same periods.
You may contact James Giugliano at 202-551-3319 or Lyn Shenk at 202-551-3380 if you
have questions regarding comments on the financial statements and related matters. Please
contact Taylor Beech at 202-551-4515 or Donald Field at 202-551-3680 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Kenneth B. Wallach