All articles tagged with #share repurchase
TKO announced a $1 billion share repurchase program, including an $800 million accelerated buyback agreement with Morgan Stanley, boosting its stock price to record levels and reflecting confidence in its long-term value.
Airbnb reports a strong Q3 outlook driven by encouraging summer travel demand, with revenue and bookings exceeding expectations, but warns that growth may slow later in the year due to tough comparisons. The company also announced a $6 billion share repurchase program and is exploring a new loyalty program to enhance customer engagement.
Southwest Airlines reported a second quarter 2025 net income of $213 million, with ongoing initiatives like bag fees and a basic economy product contributing to its financial performance. The airline maintained its EBIT guidance for 2025, announced a new $2 billion share repurchase program, and highlighted industry demand improvements and strategic fleet updates. Despite slight revenue decreases, the company remains confident in its transformational plan and future profitability, supported by cost management and capacity adjustments.
Domino's Pizza reported a strong second quarter with revenue of $1.15 billion, a 4.3% increase year-over-year driven by higher supply chain revenues and franchise fees, and expanded globally with 178 new stores. Despite a slight EPS shortfall, the company saw increased operational income and market share gains in the U.S., supported by strategic investments and a share repurchase program. CEO Russell Weiner highlighted the company's robust position and growth prospects.
Trump's media company plans to buy back up to $400 million of its shares to boost financial flexibility amid a sharp decline in stock value, while also pursuing a Bitcoin reserve strategy, despite recent financial losses and declining revenue.
Trump Media has authorized a $400 million share repurchase program, reflecting confidence in its strategic plans and financial stability, with the repurchases to be conducted through open market transactions and funded separately from its Bitcoin treasury strategy.
CrowdStrike reported strong Q1 FY2026 financial results with over $4.4 billion in ARR, record cash flow, and a $1 billion share repurchase program, driven by robust deal momentum and AI-driven cybersecurity innovations.
Hershey's stock fell by 3.6% following Mondelez's announcement of a $9 billion share repurchase plan, which led to a 3.4% rise in Mondelez's shares.
Alibaba reported strong Q2 Fiscal 2025 earnings, with revenue growing 5% to RMB 236.5 billion ($33.7 billion), surpassing estimates. The company's non-GAAP EPS of $2.15 also beat expectations, driven by its core e-commerce and cloud businesses. Alibaba's cloud segment saw a 7% revenue increase, with significant growth in AI-related products. The company also executed a $4.1 billion share repurchase, reducing outstanding shares by 2.1%. Analysts maintain a strong buy rating for Alibaba, with a price target suggesting a 37% upside potential.
Tapestry, Inc. and Capri Holdings Limited have mutually agreed to terminate their $8.5 billion merger due to legal uncertainties and a blocked acquisition ruling. Tapestry will redeem $6.1 billion in senior notes and reimburse Capri $45 million for transaction expenses. The company also announced a $2 billion share repurchase program and plans to maintain its annual dividend. Capri Holdings will focus on growth strategies, including reducing the Michael Kors store fleet. Tapestry's shares rose 8.25% premarket, while Capri's fell 5.60%.
Chewy's shares surged 27% after the company reported better-than-expected earnings and announced a $500 million share repurchase program. Despite a decline in active customers, revenue per customer increased, and the company achieved positive profitability. However, investors are advised to remain cautious as the stock's rise may be short-lived due to high short interest and ongoing customer attrition.
Robinhood Markets Inc. announced a $1 billion share repurchase program, causing its stock to rise in after-hours trading. The buyback is expected to be completed over two to three years starting in Q3 2024. The company's shares have been up approximately 18% over the past month, driven by better-than-expected Q1 financial results and strong growth in net deposits and Gold subscribers.
FedEx Corp (NYSE: FDX) exceeded earnings expectations for the third quarter, reporting a revenue of $21.7 billion and a net income of $879 million. The company's strategic cost reduction initiatives, particularly the DRIVE program, contributed to a 19% increase in operating income. Additionally, FedEx announced a $500 million share repurchase in Q4 and a new $5 billion repurchase program, while narrowing its full-year earnings outlook. Despite challenges in certain segments, the company remains committed to long-term growth and shareholder returns through ongoing transformation efforts and network optimization.
Warren Buffett's Berkshire Hathaway has been steadily adding to its stake in energy stock Occidental Petroleum, amassing a position worth over $15 billion, and also re-entering satellite-radio operator Sirius XM Holdings. Additionally, Berkshire has repurchased over $74 billion worth of its own stock since July 2018, signaling Buffett's confidence in the company's long-term prospects. With a record $167.6 billion in cash on hand and limited investment opportunities, share repurchases are expected to continue, reflecting Buffett's bet on himself and the business he has built.
Macy's stock surged 15% after reports of a potential takeover bid by institutional investors Arkhouse Management and Brigade Capital, with a reported bid value of $5.8 billion. Shareholders could potentially receive $21 per share in cash if a final agreement is reached. Meanwhile, Cigna's stock climbed 13% as the healthcare giant announced it would divert funds from a potential buyout to shareholders instead. Cigna plans to add $10 billion to its share repurchase authorization, bringing the total to $11.3 billion, reflecting the belief that its shares are undervalued. The company also stated it would consider smaller acquisitions in the current market environment.