Share Buyback Announcements Pick Up, in Europe Especially
Big repurchasers are setting a high bar for shareholder returns.
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Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. This week, Cava Group Inc.’s Tricia Tolivar dishes on the consumer trends driving pricing decisions and menu additions at the fast-casual chain, and the unexpected sales pattern she’s seeing amid all the talk of a K-shaped economy. But first...
February was a big month for big share buybacks. Walmart Inc. replaced a $20 billion authorization with a $30 billion program. Salesforce Inc. went even bigger with a $50 billion repurchase, a buyback of historic proportions no doubt meant to help counter a steep slide this year in the company’s stock.