Cava rises after announcing $100 million share repurchase plan

CAVA

18/09/2026 14:15

** Shares of restaurant chain Cava Group CAVA.N up 2.6% at $52.55 premarket
** Co announces share repurchase program authorization of up to $100 million of its outstanding shares of common stock
** Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means 
** The program will expire on September 17, 2027
**  Co expects to fund repurchases with a combination of existing cash and cash equivalents and cash flows from operations  
** As of last close, CAVA stock down ~13% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))