JDE Peet’s, a global powerhouse in the pure – play coffee and tea industry, has announced that it repurchased 1,303,975 shares between March 10 and March 14, 2025, inclusive. These shares were acquired at an average price of €18.61 (equivalent to US$20.32) per share, amounting to a total consideration of €24.3 million (US$26.54 million). This latest round of repurchases is part of the €250 million ($273 million) share buyback program that the company announced on March 3, 2025.
On the program’s launch date, JDE Peet’s began its share – buying spree. In the initial five – day period, it bought back 1,284,361 shares. The average price per share was €18.25 (US$19.81), resulting in a total consideration of €23.4 million (US$25.4 million).
As of now, under this share buyback initiative, JDE Peet’s has repurchased a cumulative total of 2,588,336 ordinary shares. The overall consideration for these repurchases stands at €47.7 million (US$52.09 million).
Share buyback programs operate by a company purchasing its own shares from shareholders. By reducing the number of shares available on the market, in certain circumstances, this can potentially enhance the value of the company’s remaining shares. This strategic financial move is often employed by companies to signal confidence in their financial health and future prospects.
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