JDE Peet's Reports Impressive Share Buyback Progress
Overview of JDE Peet's Share Buyback Program
JDE Peet's, recognized globally as a leading pure-play coffee and tea company, has been active in enhancing shareholder value through its ongoing share buyback program. The company reported the repurchase of 500,106 shares within a short span, showcasing a commitment to investor returns and market confidence.
Recent Share Repurchases
During the recent buyback period from July 7 to July 11, JDE Peet's repurchased these shares at an average price of EUR 24.28 per share. The total expenditure amounted to approximately EUR 12.1 million. This decision is part of the larger strategy, which involves a total commitment of EUR 250 million towards share buybacks announced earlier this year.
Accumulated Buyback Progress
With the completion of this latest phase, the total number of shares repurchased under this buyback program has now reached 4,282,329. This accomplishment reflects a significant total investment of EUR 83.4 million to date. The continuing buyback initiative is part of JDE Peet's strategy to maximize shareholder value and affirm its market position.
Insights into JDE Peet's Business Operations
Founded with a passion for coffee, JDE Peet's serves around 4,400 cups of coffee every second across over 100 markets worldwide. The company’s robust portfolio includes several well-loved brands like Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona. In 2024, it recorded impressive sales of EUR 8.8 billion and had a global workforce exceeding 21,000 employees.
Future of JDE Peet's
As JDE Peet's moves forward, the company's management remains optimistic about its growth trajectory. The strategic buyback program exemplifies their proactive approach in responding to market conditions while simultaneously delivering value to shareholders.
Contact Information for Inquiries
For further information, stakeholders may reach out to:
Media Contact:
Khaled Rabbani
+31 20 558 1735
Media@JDEPeets.com
Investor Relations:
Robin Jansen
+31 6 1594 4569
IR@JDEPeets.com
Frequently Asked Questions
What prompted the share buyback program by JDE Peet's?
JDE Peet's initiated the buyback program to enhance shareholder value and demonstrate market confidence.
How many shares have been repurchased so far?
As of the latest update, a total of 4,282,329 shares have been repurchased under the program.
What is the total investment in the buyback program?
The total investment in the buyback program currently stands at EUR 83.4 million.
What brands are included under JDE Peet's portfolio?
JDE Peet's portfolio includes well-known brands such as Peet's, L'OR, Jacobs, and many others.
Who can investors contact for more information?
Investors can contact Robin Jansen at +31 6 1594 4569 for inquiries related to the company.
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