23 Jul '15, 8pm

Starbucks Announces Additional Share Repurchase Authorization $SBUX

SEATTLE, July 23, 2015 - Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program. This authorization has no expiration date and is in addition to the 11 million shares that remained available for repurchase as of June 28, 2015 under an existing authorization. “Since the Company's share repurchase program was authorized in September of 2001, Starbucks has repurchased more than 430 million shares at a cost of $7.4 billion under authorizations through June 28, 2015,” said Scott Maw, Starbucks chief financial officer. “This additional authorization reflects the ongoing strength of Starbucks balance sheet and operating cash flow, which allows us to support our global growth and return value to our shareholders through...

Full article: https://news.starbucks.com/news/starbucks-share-repurchas...

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