Bed Bath & Beyond Surges 80 Percent on Kroger Deal, Digital Shift, and $1 Billion Buyback

Bed Bath & Beyond Surges 80 Percent on Kroger Deal, Digital Shift, and $1 Billion Buyback
Anthony92931, Wikimedia via Benzinga
|Updated:

Bed Bath & Beyond surged nearly 80 percent in Tuesday’s after-hours trading session on the heels of three new announcements from the company outlining strategic plans to help with its turnaround.

Here are the details traders and investors should know.

Share Buyback

Bed Bath & Beyond increased the amount of its three-year share buyback to $1 billion, up from a previous $325 million figure. The company said the $1 billion in buybacks will be completed by the end of fiscal 2021.