JDE Peet’s Updates on Share Buyback Program Progress

Update on JDE Peet’s Share Buyback Initiative
On a recent date, JDE Peet’s, the renowned coffee and tea powerhouse, announced significant progress regarding its share buyback program. The company is driven by its mission to enhance shareholder value and boost market confidence, leveraging its leading position as the world's foremost pure-play coffee and tea entity.
Recent Share Repurchase Activity
In a notable move, JDE Peet’s engaged in the repurchase of 788,745 shares during a defined period. The purchases, made at an average price of EUR 18.67 per share, culminated in a total investment of EUR 14.7 million. This activity reflects the company's ongoing commitment to maintaining a sustainable approach to capital management.
Details of the Share Buyback Program
This recent batch of repurchased shares is part of a larger EUR 250 million share buyback program that was first unveiled earlier in the month. As of now, JDE Peet’s has successfully repurchased 3,377,081 ordinary shares, totaling an impressive EUR 62.4 million. Such robust engagement in market activities underscores the company's dedication to optimizing its capital structure and returning value to stakeholders.
Understanding JDE Peet’s Business Environment
JDE Peet’s operates in a competitive landscape, serving approximately 4,400 cups of coffee or tea every single second. Their expansive and diverse portfolio boasts over 50 iconic brands such as L’OR, Peet’s, Jacobs, and Senseo. By continuing to innovate and adapt within over 100 markets, JDE Peet’s is carving out its niche as a front-runner in the industry.
Financial Highlights and Performance
In its most recent fiscal year, JDE Peet’s showcased impressive financial performance, with total sales hitting EUR 8.8 billion, backed by a committed workforce of more than 21,000 dedicated employees globally. As they forge ahead, JDE Peet’s aims to connect with consumers, ensuring that there is a suitable cup of coffee or tea for everyone, thereby reinforcing their market position.
Company Enquiries and Public Relations
JDE Peet’s is open for media inquiries and investor communications. For media-related queries, Khaled Rabbani is available at +31 20 558 1735 or via email at Media@JDEPeets.com. For investor or analyst concerns, Robin Jansen can be reached at +31 6 1594 4569 or through email at IR@JDEPeets.com.
Frequently Asked Questions
What led to JDE Peet's share buyback program?
The share buyback program aims to enhance shareholder value and reflect the company's confidence in its long-term growth strategy.
How many shares has JDE Peet's repurchased so far?
As of the latest update, JDE Peet's has repurchased a total of 3,377,081 ordinary shares under the current buyback initiative.
What is the average price per share during the recent buyback?
The average repurchase price was EUR 18.67 per share, amounting to a total investment of EUR 14.7 million for this period.
Which brands are included in JDE Peet’s portfolio?
JDE Peet’s portfolio includes over 50 brands such as L’OR, Peet’s, Jacobs, Senseo, and many more, catering to a broad range of consumer preferences.
How can I contact JDE Peet's for more information?
You can contact them through Khaled Rabbani for media inquiries or Robin Jansen for investor relations via the provided contact details in their press announcements.
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