1-800-FLOWERS.Com (FLWS) Boosts Share Buyback Plan to $40M

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration, today reported that it had received a new authorization from its Board of Directors increasing funds available for stock repurchase to $40 million. The new authorization replenishes and increases a previous $30 million authorization that had approximately $4 million remaining after the Company had returned approximately $26 million to shareholders by repurchasing shares over the past two years.

Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “We believe our stock is a very compelling investment and repurchasing our shares enables us to return additional value to our shareholders.”

You May Also Be Interested In

• Ericsson repurchases 4.8 million shares for SEK 539 million
• Hamilton Beach Brands senior VP and general counsel departs
• Hitachi Energy to acquire Canduct Group to expand transformer supply