CAVA authorizes a $100m share repurchase program
CAVA's board authorized up to $100m of share repurchases, the restaurant company said in a filing Friday. The program expires on September 17, 2027.
Nothing has been purchased yet. The authorization permits open market and privately negotiated transactions, as well as trading plans intended to qualify under Rule 10b5-1. The amount and timing remain at the company's discretion.
The filing says CAVA expects to use existing cash, cash equivalents and operating cash flow. It does not require any particular amount of stock to be acquired, and the company may modify, suspend or terminate the program.