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Tag: buybacks

‘We’ve got a strong balance sheet’: Starbucks CEO defends buybacks

Starbucks CEO Kevin Johnson on Wednesday defended the company’s share buyback program as the coronavirus pandemic roils the restaurant industry.  “We’re being thoughtful and responsible,” Johnson said in a interview with Jim Cramer on CNBC’s “Mad Money.” “Look, we’ve got a strong balance sheet, BBB investment credit rating. If you look at our last earnings …

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Bed Bath & Beyond to invest $1 billion on share buybacks, debt reduction and store upgrades

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond said Tuesday it plans to spend about $600 million this fiscal year on share repurchases and debt reduction, and up to $400 million on store remodels and supply chain upgrades.  Its shares were down …

Bed Bath & Beyond to invest $1 billion on share buybacks, debt reduction and store upgradesRead More