BUZZ-Kava shares rise after announcing a 100 million USD stock buyback plan

September 18 - ** Restaurant chain Cava Group (Cava Group, CAVA.N) shares rose 2.6% in premarket trading to $52.55

** The company announced it has been approved to implement a share repurchase program of up to $100 million of outstanding common stock

** Repurchases under the program may be conducted through open market, privately negotiated transactions, or other means

** The program will expire on September 17, 2027

** The company expects to fund repurchases using a combination of existing cash and cash equivalents as well as cash flow from operations

** As of the close of the previous trading day, CAVA shares have declined about 13% so far this year

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