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Sprouts Farmers Market Adopts $600M Stock Buyback Program

Sprouts Farmers Market Inc (NASDAQ:SFM) Board of Directors has authorized a new share repurchase program of $600 million of its common…
byShivani Kumaresan
March 4, 2022
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  • Sprouts Farmers Market Inc (NASDAQ:SFM) Board of Directors has authorized a new share repurchase program of $600 million of its common shares.
  • The approval replaces the company’s current buyback authorization with less than $100 million remaining. 
  • The share repurchase program will expire on December 31, 2024.
  • The company held $245.3 million in cash and equivalents as of January 2, 2022.
  • Price Action: SFM shares closed higher by 7.38% at $31.44 on Thursday.
 
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