CAVA Group, Inc. announced its Board of Directors has approved a new share repurchase program, authorizing the company to buy back up to $100 million of its outstanding common stock.
Key Details
- Authorization Amount: Up to $100 million of the company's outstanding common stock.
- Program Term: The program was approved on September 17, 2026, and is set to expire on September 17, 2027.
- Execution & Funding: Repurchases can be made on the open market or in private transactions and will be funded by existing cash and cash flow from operations. The program does not obligate CAVA to acquire any specific number of shares.