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Sportsman’s Warehouse Adopts $75M Stock Buyback Program

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Board of Directors authorized a share repurchase program of up to $75.0 million of common shares.…
byShivani Kumaresan
March 24, 2022
1 minute read
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  • Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Board of Directors authorized a share repurchase program of up to $75.0 million of common shares.
  • The repurchase program will begin on March 31, 2022, and will terminate on the first anniversary of the commencement date.
  • The company intends to fund repurchase using cash on hand or available borrowings under its revolving credit facility. 
  • As of December 8, 2021, the company had approximately $57.5 million of cash on hand due to the $55.0 million payment received in conjunction with the termination of the merger agreement with Great Outdoors Group, Inc.
  • Price Action: SPWH shares are trading higher by 3.15% at $11.62 on the last check Thursday.
 
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