Sprouts Farmers Market announced a new share repurchase program of $1 billion for its common shares.
The program replaces the current authorization with approximately $143 million remaining.
Shares may be purchased on a discretionary basis through various means, including open market purchases and privately negotiated transactions.
New Share Repurchase Program
Board of Directors authorized $1 billion repurchase program, showing confidence in the company's strategy.
Purpose of Program
Reflects robust cash flow generation and commitment to delivering long-term value to shareholders.
Authorization Review
Board will periodically assess the program's appropriateness based on capital allocation priorities and market conditions.
- The share repurchase program aims to enhance shareholder value by utilizing excess cash flow efficiently.
- The Board's confidence in the company's strategy and business potential is evident through this significant authorization.
The announcement of the $1 billion share repurchase program demonstrates Sprouts Farmers Market's commitment to shareholder value and strategic growth. The program reflects the company's confidence in its business strategy and ability to generate cash flow.