Chico's FAS, Inc. Announces New $100M Share Repurchase Program Of The Co's Common Stock And Canceled The Remainder Of Its $300M Share Repurchase Program, Which Was Announced In November 2015
Portfolio Pulse from Benzinga Newsdesk
Chico's FAS, Inc. (NYSE:CHS) has announced a new $100 million share repurchase program and canceled the remaining $35.4 million of its previous $300 million program from November 2015. The new program has no expiration date and may be suspended, modified, or terminated by the Board at any time.
June 23, 2023 | 6:31 pm
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Chico's FAS announces a new $100M share repurchase program, canceling the remaining $35.4M of its previous $300M program.
The new share repurchase program demonstrates the company's commitment to returning value to its shareholders. This action is likely to have a positive impact on the stock price in the short term, as it signals confidence in the company's financial position and future prospects.
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