CAVA authorizes a $100 million share-repurchase program

CAVA’s ($CAVA) board authorized the repurchase of up to $100 million of common stock. The program runs until September 17, 2027, and may be funded from existing cash and future operating cash flow. Purchases can take place in the market, through privately negotiated transactions or under prearranged trading plans.

The authorization gives management flexibility rather than requiring it to spend the full amount. Timing and volumes will depend on market conditions, capital requirements and other considerations, and the program can be suspended or discontinued. No completed repurchase total was announced. The new capacity is therefore a potential future return of capital to shareholders, not evidence that CAVA has already reduced its outstanding share count by the authorized amount.

Sources:

• CAVA — board authorization, Business Wire