LVMH Moet Hennessy Louis Vuitton S.A. ($LVMUY (+0 %)) has announced a new share buyback program worth up to 1 billion euros. This program will begin on February 24 and is to be completed by November 28, 2025 at the latest. A reason why investors should sit up and take notice!
But what does a share buyback mean for shareholders? Basically, the company is reducing the number of shares in circulation, which can increase earnings per share (EPS) and potentially boost the share price. Following the announcement, the $LVMH share price rose by 0.87% to 707.60 euros.
What do you think? Is a share buyback a sign of financial strength or more of a short-term strategy? 📈👍 An exciting discussion among those interested in finance is inevitable!
