Guess?'s (GES) New Buyback Plan to Boost Shareholder Wealth

Shares of Guess?, Inc. (GES) rose 6.1% on Apr 1, 2024, following news related to a share repurchase program. The apparel and accessories company authorized a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth$10.3 million through a convertible bond exchange transaction as part of its new program. The latest announcement underscores its financial health and commitment to shareholder value.The newly-unveiled buyback plan fo ...