May. 28 at 2:45 PM
$BBW After giving it some thought, it feels decent after all. They expect 0-4% revenue growth (lagging inflation if they don't meet the upper target), but per-share metrics are going up nicely due to buybacks. Half of the tariff refunds (6 out of 13 million per the call) are not yet accounted for and will help the income statement in the next quarter(s), and the new tariffs are lower than the ones before. This will be their most profitable year in company history. Would prefer more aggressive buybacks at these prices instead of divis though. I mean there's nothing stopping them from looking at the market and strategically deciding that buying shares is a good deal.
"For the first quarter, the Company utilized
$11.4 million in cash to repurchase 248,118 shares"
Okay so they paid 46 bucks per share.
"Since the end of the first quarter through May 27, the Company has utilized
$3.3 million in cash to repurchase an additional 89,966 shares"
36 bucks here, which is good, but why not more shares?
