Content about Share repurchase

March 13, 2014

The Kroger Co. said Thursday that it will buy back up to $1 billion of its shares.

Cincinnati -- The Kroger Co. said Thursday that it will buy back up to $1 billion of its shares. The repurchase program replaces its existing plan, which had roughly $2 million remaining.

Kroger also declared a regular quarterly dividend of 16.5 cents per share, payable June 1 to shareholders of record May 15.
During the last four quarters, Kroger has used its strong free cash flow to return more than $928 million to shareholders through share buybacks and dividends.  

December 19, 2013

Chico’s FAS repurchased approximately 6.7 million shares of its common stock, for approximately $125 million, during the fourth quarter of fiscal 2013, completing all but $55 million of its existing share repurchase authorization.

Fort Myers, Fla. – Chico’s FAS repurchased approximately 6.7 million shares of its common stock, for approximately $125 million, during the fourth quarter of fiscal 2013, completing all but $55 million of its existing share repurchase authorization. The Chico’s board of directors has cancelled the remainder of its March 2013 share repurchase program and approved a new $300 million share repurchase authorization for the company's common stock.

November 27, 2013

The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock.

Pittsburgh – The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock. The authorization is effective immediately.  The GNC may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing.  

October 18, 2013

The board of directors of Safeway Inc. has increased the authorized level of the company's stock repurchase program by $2 billion.

Pleasanton, Calif. – The board of directors of Safeway Inc. has increased the authorized level of the company's stock repurchase program by $2 billion. Through the end of the third quarter of 2013, Safeway had approximately $800 million remaining under its previously authorized stock repurchase program.

July 24, 2013

The Men’s Wearhouse, Inc. has reached an agreement to repurchase $100 million worth of common stock from JPMorgan Chase Bank, NA under an accelerated share repurchase program.

Houston – The Men’s Wearhouse, Inc. has reached an agreement to repurchase $100 million worth of common stock from JPMorgan Chase Bank, NA under an accelerated share repurchase program. The retailer will buy the shares as part of an ongoing $200 million share repurchase program announced in March of this year. Men’s Wearhouse expects to close the transaction by the end of fourth quarter 2013.

March 5, 2013

Sally Beauty Holdings announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its common stock.

Denton, Texas -- Sally Beauty Holdings announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its common stock. The announcement is the first repurchase authorized by the company in 2013, but the third in the last 12 months.

December 7, 2012

Macy's Inc. said that its board has increased its share repurchase authorization by $1.5 billion.

Cincinnati -- Macy's Inc. on Friday said that its board has increased its share repurchase authorization by $1.5 billion.

The retailer said the increase brings the total approved to buy back shares to $1.86 billion.

Macy's CEO Terry Lundgren said that the company is committed to using its excess cash to enhance shareholder value through buybacks and dividends and the decision reflects the strength of the company's business.

July 11, 2012

Abercrombie & Fitch plans a big share buyback to appease investors, the New York Post reported, and is also likely to cut back on its aggressive expansion plans in Europe.

New York -- Abercrombie & Fitch plans a big share buyback to appease investors, the New York Post reported, and is also likely to cut back on its aggressive expansion plans in Europe.

The report, which quoted unnamed “insiders,” said the chain is likely to announce its plans on or before its next quarterly earnings report in mid-August.

June 6, 2012

The Home Depot expanded its share buyback plan for the year by $500 million and reaffirmed its full-year outlook.

Atlanta -- The Home Depot on Wednesday expanded its share buyback plan for the year by $500 million and reaffirmed its full-year outlook.

The retailer said it now expects to buy back $4 billion of its shares and that the increase in its share repurchase plan would not have a material impact to earnings per share for 2012.

March 19, 2012

Safeway Inc. said it approved a $1 billion stock buyback program.

Pleasanton, Calif. -- Safeway Inc. said Monday it approved a $1 billion stock buyback program.

The operator of grocery chains such as Safeway, Vons and Dominick's had about $400 million remaining under its stock repurchase program, through Feb. 22. The buyback authorization does not have an expiry date.

January 12, 2012

Target Corp. said it will buy back up to $5 billion in shares under a new stock repurchase program.

Minneapolis -- Target Corp. said Thursday it will buy back up to $5 billion in shares under a new stock repurchase program.

The current $10 billion program is slated for completion in the next few months, said Target. The newly announced $5 billion program is expected to be completed in the next two to three years.
 

November 30, 2011

Safeway said its board of directors increased its stock buyback authorization by $1.0 billion, to $8.0 billion.

Pleasanton, Calif. -- Safeway said its board of directors increased its stock buyback authorization by $1.0 billion, to $8.0 billion.

The supermarket operator said it had repurchased $6.1 billion of its stock through the end of the third quarter and had about $0.9 billion remaining under the buyback program at that time.

The repurchase authorization does not have an expiration date, Safeway said in a statement.
 

October 25, 2011

RadioShack Corp. announced Tuesday a 100% increase in its dividend and the authorization of a $200 million share repurchase program as part of a new capital allocation strategy.

Fort Worth, Texas -- RadioShack Corp. announced Tuesday a 100% increase in its dividend and the authorization of a $200 million share repurchase program as part of a new capital allocation strategy.

The strategy, according to the company, is designed to balance business growth opportunities with continued strong cash flow and provide a more consistent return of excess cash to long-term shareholders.

October 7, 2011

Dollar Tree said that its board has approved a $1.5 billion share repurchase program.

Chesapeake, Va. -- Dollar Tree said that its board has approved a $1.5 billion share repurchase program. The company said it has invested more than $1.9 billion for share repurchase since 2003, including $414.7 million in 2010 and $345.9 million in 2011, to date.

September 15, 2011

The Kroger Co. said Thursday that its board of directors has approved a $1 billion share repurchase program.

Cincinnati -- The Kroger Co. said Thursday that its board of directors has approved a $1 billion share repurchase program.

The new program replaces an existing authorization that has about $213 million remaining. The authorization is expected to be used over the next 12 months, according to Kroger.
 

September 14, 2011

Staples said Tuesday that its board of directors had approved a new $1.5 billion stock buyback program, replacing a previous program approved in June 2007.

Framingham, Mass. -- Staples said Tuesday that its board of directors had approved a new $1.5 billion stock buyback program, replacing a previous program approved in June 2007. The prior program had $295 million in authorization remaining.

Under this program, the company will repurchase shares in both open market and privately negotiated transactions. The company's management will determine the timing and amount of the transactions based on its evaluation of market conditions and other factors, Staples said.
 

August 24, 2011

CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.

Woonsocket, R.I. -- CVS Caremark said its board has approved a $4 billion stock repurchase program and that it intends to complete an earlier $2 billion program before the end of this year.

Under the new authorization, the retailer said it expects to repurchase about $1 billion in shares by the end of the year.
 

July 13, 2011

Walgreen Co. said Wednesday its board has authorized a new $2 billion stock buyback program.

Deerfield, Ill. -- Walgreen Co. said Wednesday its board has authorized a new $2 billion stock buyback program.

The drugstore retailer completed a previously announced $1 billion stock buyback program and now has approved a new $2 billion share repurchase program that expires Dec. 31, 2015.
 

April 28, 2011

Tractor Supply Co. said Thursday it approved a $600 million stock buyback program, increases its existing share buyback program to $1 billion.

Brentwood, Texas -- Tractor Supply Co. said Thursday it approved a $600 million stock buyback program, increases its existing share buyback program to $1 billion. The program was established in February 2007, and is extended through April 30, 2015.

The chain said it will also increase its quarterly cash dividend to 12 cents per share.

April 27, 2011

Costco Wholesale Corp. said Tuesday that its board of directors has approved a $4 billion share buyback program.

Issaquah, Wash. -- Costco Wholesale Corp. said Tuesday that its board of directors has approved a $4 billion share buyback program. The company also raised its quarterly dividend by 17% to 24 cents, up from 20.5 cents.

The share buyback program expires in April 2015 and replaces a previous plan set to expire in July which had $800 million remaining.

March 28, 2011

Home Depot said Monday it is returning to the corporate bond market for the second time in less than seven months to rebuild its cash stockpile and finance share buybacks.

Atlanta -- Home Depot said Monday it is returning to the corporate bond market for the second time in less than seven months to rebuild its cash stockpile and finance share buybacks.

According to a filing with the Securities and Exchange Commission, the company plans to sell 10- and 30-year bonds. It is offering $1 billion of each maturity.

Home Depot is replacing $1 billion of 5.2% notes issued in 2006 that matured March 1, and raising money to buy its own stock. The notes may be sold as soon as Monday.

February 4, 2011

GameStop Corp. said Friday its board has approved buying back up to $500 million worth of the company's stock and bonds over the next 18 months.

Grapevine, Texas -- GameStop Corp. said Friday its board has approved buying back up to $500 million worth of the company's stock and bonds over the next 18 months.

The retailer said the new $500 million allotment will replace a previous $300 million already set aside for buybacks, of which $138.4 million was left to spend. Stock buybacks reduce the number of outstanding shares, which boosts per-share earnings and expands the size if current shareholders' stakes.

February 1, 2011

Williams-Sonoma said Tuesday that its board has approved a $125 million stock repurchase program.

San Francisco -- Williams-Sonoma said Tuesday that its board has approved a $125 million stock repurchase program.

The retailer said the new program will likely be completed by January 2012. It does not have an expiration date. The company said it had completed a $65 million stock repurchase program approved in September 2010.

Williams-Sonoma, which runs Pottery Barn, West Elm, its namesake stores and other brands, had about 105.1 million outstanding shares as of Nov. 28, 2010.

December 8, 2010

Home Depot on Wednesday slightly raised its fiscal 2010 earnings guidance for the second time in two months as the market for home-improvement projects slowly begins to improve.

New York City -- Home Depot on Wednesday slightly raised its fiscal 2010 earnings guidance for the second time in two months as the market for home-improvement projects slowly begins to improve. The retailer plans to open 10 stores in 2011, and has budgeted $1.3 billion in capital expenditures. and about $2.5 billion on share repurchases.

The retailer now expects net income from continuing operations to be $1.97 per share, up from prior guidance of $1.94 per share. Analysts polled by Thomson Reuters, on average, also predict $1.94 per share.

October 12, 2010

Walgreen Co. said Wednesday that it has approved the repurchase of up to $1 billion...