Buybacks

Nu Holdings Announces $1 Billion Share Buyback As Shares Rise

Lekha Gupta — Thu, 04 Jun 2026 16:25:59 +0000

Nu Holdings Ltd. (NYSE:NU) shares are up during Thursday’s session. The company disclosed a share repurchase program of up to $1.0 billion.

The Board of Directors of Nu Holdings has approved a share repurchase program that will be conducted over a 12-month period starting June 4, 2026.

This move comes as part of a strategic capital allocation policy, indicating that Nu’s operations are generating significant capital, which the Board believes is best utilized through share buybacks.

The company's confidence may be driven by the strong top-line growth reported last month.

In May, Nu Holdings reported first-quarter revenue of $5.32 billion, up 42% year-over-year, beating a consensus of $5.04 billion, according to data from Benzinga Pro. This marked the first time Nu Holdings had quarterly revenue of $5 billion or more.

New CFO Named

Nu Holdings on Monday announced the appointment of Rob Livingston as chief financial officer, effective July 13. Livingston joins from Visa Inc. (NYSE:V), where he served as CFO for North America, and succeeds Guilherme Lago, who will transition to a special advisor role.

The company said the ...

Full story available on Benzinga.com

The Closeout Goldmine: Ollie's Army Swells To 17 Million Members As Inflation-Weary Shoppers Hunt for Deals

Anusuya Lahiri — Wed, 03 Jun 2026 17:05:33 +0000

Ollie's Bargain Outlet Holdings, Inc (NASDAQ:OLLI) reported fiscal first-quarter results on Wednesday.

The company reported first-quarter adjusted earnings per share of 91 cents, topping the Street view of 87 cents.
Quarterly sales of $658.93 million (+14.2% year-over-year) missed the analyst consensus estimate of $662.34 million.
Gross margin came in at 41.9%, exceeding the company's expectations.
Lower supply chain costs and a modest increase in merchandise margins mainly drove the 80-basis-point year-over-year growth.
Cash and equivalents worth $197.67 million.
The company repurchased $53.4 million in common stock during the quarter.

Ollie's Bargain Outlet executives said the company remains focused on store growth, loyalty expansion, closeout deal flow, and pricing investments as it navigates a pressured consumer environment.

Executives Point To Store Growth

CEO Eric Vanderbilt said the company remains on track to open 75 stores this year, including its first Minnesota location, while expanding rapidly in the Midwest.

Ollie's Bargain opened 27 stores during the quarter. The retailer ended ...

Full story available on Benzinga.com

Shopify Unleashes $3 Billion Buyback Boost

Lekha Gupta — Wed, 03 Jun 2026 09:58:05 +0000

Shopify Inc. (NASDAQ:SHOP) on Tuesday increased its share repurchase authorization by $3 billion, bringing the total buyback program to $5 billion.

Chief Financial Officer Jeff Hoffmeister said the move reflects confidence in the company’s business outlook, supported by consistent operating cash flow, a strong balance sheet, and continued quarterly performance.

As of June 1, 2026, Shopify had repurchased about $1.45 billion of shares under its existing authorization. The company said it will continue buying back shares through pre-arranged algorithmic trading programs, with purchases subject to market conditions and regulatory requirements.

Shopify noted that the program does not require a specific amount of repurchases and may be modified, suspended, or terminated at any time.

Shopify Stock Tests Key Technical Levels

SHOP stock edged lower in Wednesday premarket trading as investors adopted a more cautious stance ahead of the opening bell. Nasdaq futures rose 0.2%, while S&P 500 futures slipped 0.1%, creating a mixed backdrop for growth stocks.

The decline appeared tied more to broader market positioning than to any company-specific catalyst. Investors are ...

Full story available on Benzinga.com

The Diamond Turnaround: Signet Stock Rises On Raised Full-Year Outlook And Share Buybacks

Anusuya Lahiri — Tue, 02 Jun 2026 16:56:48 +0000

Signet Jewelers Limited (NYSE:SIG) stock gained on Tuesday after posting first-quarter results and guidance.

Adjusted earnings per share came in at $1.56. This beat the analyst’s estimate of $1.36. Revenue reached $1.553 billion, slightly above expectations of $1.551 billion.
Average unit retail increased about 5%. Growth came from both the Bridal and Fashion segments.
Operating income declined to $36.9 million from $48.1 million a year ago. However, adjusted operating income rose to $78.6 million from $70.3 million. Adjusted operating margin rose to 5.1% from 4.6%.
Gross profit was $556.5 million, down from $598.8 million Y/Y.
Gross margin declined to 35.82% from 38.84% Y/Y, reflecting inventory write-downs related to the company’s shutting down the James Allen retail website in the second fiscal quarter, which ends in early August.

Balance Sheet Strength

Cash and cash equivalents stood at $602.8 million as of May 2, 2026. This was up from $264.1 million a year earlier. Total liquidity reached about $1.7 billion.

Inventory ended the year at $2.0 billion.

Dividend & Buyback

Signet’s board approved a quarterly cash dividend of $0.35 per share, payable Aug. 21, 2026, to shareholders of record ...

Full story available on Benzinga.com

Best Buy Stock Pops After Strong Comparable Sales, Margin Growth

Lekha Gupta — Thu, 28 May 2026 15:16:02 +0000

Best Buy Co., Inc. (NYSE:BBY) shares moved higher on Thursday after the retailer delivered a better-than-expected quarterly performance.

• Best Buy Co. shares are climbing with conviction. What’s driving BBY stock higher?

Quarterly Metrics

The company reported first-quarter adjusted earnings per share of $1.28, beating the analyst consensus estimate of $1.23. Quarterly sales of $8.94 billion surpassed the Street view of $8.83 billion.

Adjusted operating income rate was 4.1%, expanding 30 basis points year over year. It is primarily driven by SG&A leverage from higher revenue.

Segment Details

Enterprise revenue of $8.9 billion, up 1.9% year-over-year and ahead of expectations, with comparable sales rising 2% Y/Y.

Domestic revenue reached $8.2 billion, with comparable sales up 1.8% Y/Y. This is led by strength in gaming, computing, mobile phones, and services.

Online sales accounted for 32% of ...

Full story available on Benzinga.com

Quanta Services Unveils $1 Billion Stock Buyback Program

Akanksha Bakshi — Fri, 22 May 2026 15:15:02 +0000

Quanta Services, Inc. (NYSE:PWR) on Friday announced a quarterly cash dividend and a new $1 billion stock repurchase program.

The company declared a quarterly dividend of 11 cents per share, representing an annualized payout of 44 cents per share. The dividend is payable on July 13, 2026.

Quanta Services also authorized a new stock buyback program of up to $1 billion in common stock, signaling continued focus on shareholder returns.

Separately, the company appointed Sunoco LP (NYSE:SUN) CEO Joseph Kim to its Board of Directors. Kim brings executive leadership, supply chain, and logistics experience, and previously held senior roles at Yum! Brands, Inc.’s (NYSE:YUM) Pizza Hut and Valero Energy Corp. (NYSE:VLO)

PWR Technical Outlook: Momentum And Key Support Levels

The 12-month performance shows a significant 110.57% ...

Full story available on Benzinga.com

Birkenstock Unveils $250 Million Accelerated Stock Buyback

Nabaparna Bhattacharya — Thu, 21 May 2026 14:13:34 +0000

Birkenstock Holding plc (NYSE:BIRK) stock is up during Thursday’s session, trading higher by 15.99% as the company has announced a $250 million accelerated share repurchase program.

This move is seen as a strong statement of confidence in the company’s long-term value, especially in light of recent market dynamics that have created a disconnect between the stock price and its underlying fundamentals, according to CEO Oliver Reichert.

Birkenstock plans to execute this accelerated share repurchase agreement with Goldman Sachs, expecting to buy back approximately 6 million shares based on recent closing prices.

The company anticipates that this transaction will be completed before June 30, 2026, and it reflects management’s belief in the brand’s growth potential, projecting annual revenue growth of 13-15% in constant currency.

Birkenstock ended the second quarter with cash and cash equivalents of 201 million euros and net leverage of 1.7x as of March 31, 2026, compared to 1.5x as of September 30, 2025, due to typical cash seasonality.

Technical Analysis

Thursday’s surge is pushing BIRK back above its short-term ...

Full story available on Benzinga.com

Roblox Stock Rises After The Close: Here's Why

Adam Eckert — Tue, 19 May 2026 20:53:09 +0000

Roblox Corp (NYSE:RBLX) shares are rising in extended trading Tuesday after the company announced a new share repurchase program.

Roblox stock is trending. Where are RBLX shares going?

Roblox’s Inaugural Buyback Program

After the market close on Tuesday, Roblox announced its board authorized the repurchase of up to $3 billion of the company’s common stock.

The new buyback authorization does not have a fixed expiration date. Roblox noted that it currently intends to repurchase up to $1 billion of its common stock over the next year. ...

Full story available on Benzinga.com

What's Going On With BlackBerry Stock Friday?

Nabaparna Bhattacharya — Fri, 08 May 2026 13:20:24 +0000

BlackBerry Limited (NYSE:BB) shares are flat during Friday’s premarket session.

Renews Share Buyback Program Through 2027

The company said Friday it received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the cybersecurity and software company to repurchase up to 26.8 million common shares over the next year.

The renewed buyback program represents about 4.58% of BlackBerry’s public float as of April 30, 2026. The company said repurchased shares will be canceled.

Buyback Details And Trading Limits

The NCIB program will begin on May 12, 2026, and expire on the earliest of May 11, 2027, completion of the authorized purchases, or a date determined by the company.

BlackBerry said it may purchase shares through the Toronto Stock Exchange, the New York Stock Exchange and alternative trading systems in Canada and the United States. Subject to regulatory approval, the company may also repurchase shares through private agreements or exempt issuer bid programs.

As of April 30, 2026, BlackBerry had 586.1 million common shares outstanding and a public float of 584.8 million shares. The average daily trading volume ...

Full story available on Benzinga.com

Disney Delivers Billion-Dollar Surprise, Ups Buyback And Forecasts Faster Growth

Anusuya Lahiri — Wed, 06 May 2026 12:41:15 +0000

Walt Disney Co. (NYSE:DIS) shares rose Wednesday after the company reported fiscal second-quarter 2026 results that topped Wall Street expectations, driven by growth across its entertainment, sports and experiences businesses.

Disney Q2 Earnings Beat Wall Street Estimates

Disney reported adjusted earnings of $1.57 per share for the quarter, beating the analyst consensus estimate of $1.49. Revenue increased 7% year over year to $25.17 billion, ahead of analyst estimates of $24.76 billion.

Entertainment, ESPN And Parks Drive Segment Growth

The entertainment segment, which includes traditional television networks, direct-to-consumer streaming and film operations, posted revenue of $11.72 billion, up 10% from a year earlier.

The sports segment, led by ESPN, reported revenue growth of 2% to $4.61 billion.

Disney's experiences segment, which includes theme parks, resorts and consumer products, generated revenue of $9.49 billion, up 7% year over year.

Operating Income, Cash Flow And Buyback Update

Consolidated operating income rose 4% to $4.60 billion during the quarter. The experiences business led segment operating income with $2.62 billion, followed by entertainment at $1.34 billion and sports ...

Full story available on Benzinga.com