Washington—Cava Group Inc. (NYSE:CAVA) said its board of directors approved a share repurchase program of up to $100 million. The program may be carried out through open‑market purchases, privately negotiated transactions or other methods, including trading plans under Rule 10b5‑1 of the Securities Exchange Act of 1934.
The timing and amount of any repurchases will be at the company’s discretion, guided by market conditions, business considerations and the stock’s price. The program expires on September 17 2027 and does not obligate Cava to buy any minimum quantity of shares; it can be modified, suspended or terminated at any time.
Funding is expected to come from a mix of existing cash, cash equivalents and cash generated from operations. Cava operates more than 450 restaurants in 29 states and the District of Columbia.
