Franchise Group Adopts $500M Stock Buyback Program

Franchise Group Inc (NASDAQ:FRG) Board of Directors has approved a stock repurchase program of up to $500 million of its shares…
  • Franchise Group Inc (NASDAQ:FRG) Board of Directors has approved a stock repurchase program of up to $500 million of its shares over the next three years.
  • The actual timing, number, and value of shares, if any, repurchased under the program will be determined by management at its discretion.
  • The company held cash and equivalents of $149.6 million as of March 26, 2022.
  • Price Action: FRG shares are trading lower by 2.77% at $39.38 on the last check Wednesday.
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