Imperial Brands announced a planned $2 billion share buyback contingent on meeting fiscal year profit growth targets. The tobacco company expects to achieve its targets for the fiscal year ending September, setting the stage for the repurchase program in fiscal 2027. The announcement underscores the company's confidence in its financial trajectory and commitment to returning capital to shareholders as it progresses through its strategic planning horizon.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing