Best Buy Says Now Expects Share Repurchases For 2025 Of $500M, Up From $350M Prior; Sees FY25 CapEx Of $750M Vs $800M Prior
Portfolio Pulse from Benzinga Newsdesk
Best Buy has revised its financial expectations for 2025, increasing its share repurchase plan to $500 million from the previous $350 million, while reducing its capital expenditure forecast to $750 million from $800 million.
August 29, 2024 | 2:45 pm
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Best Buy has increased its 2025 share repurchase plan to $500 million, indicating a stronger commitment to returning value to shareholders. The company also reduced its capital expenditure forecast to $750 million, suggesting a more conservative investment approach.
The increase in share repurchases is a positive signal to investors, indicating confidence in the company's financial health and a focus on shareholder returns. The reduction in capital expenditure suggests a more cautious investment strategy, which could be seen as prudent in uncertain economic conditions.
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