Logitech (LOGI.US) spends $2bn on stock buyback, reiterates 2025 guidance
Market IntelWednesday, Mar 5, 2025 11:20 pm ET

Logitech (LOGI.US) announced on Wednesday that it will repurchase $2 billion worth of stock over the next three years and increase its existing buyback program by $600 million. The company also reiterated its performance expectations for 2025.
expects sales in fiscal 2026 to be between $4.53 billion and $4.71 billion, representing potential growth of 1% to 3% in dollar terms. The Swiss-US multinational had previously said it expected its 2025 sales to grow 5.4% to 6.4% to $4.54 billion to $4.57 billion. Logitech raised its full-year performance expectations in late January after strong sales and profits ahead of the key holiday season. The company presented the data at an investor day in San Jose, California, and announced its long-term goal of achieving 7% to 10% annual sales growth, maintaining a gross margin above 40% under non-GAAP accounting, and maintaining an operating margin between 15% and 18%. "We maintain our leadership in core categories, have a clear strategy to solidify this advantage, and have credible plans to expand into new verticals and adjacent markets, and we see AI as a multiplier for business growth," CEO Hanneke Faber said. Logitech's sales had dipped after the pandemic-fueled boom, but have since recovered and are now focused on expanding product sales into education and healthcare, among other areas, to broaden its traditional consumer base, including home computer users, gamers and enterprise customers. Logitech plans to step up its direct sales efforts to enterprise customers. Recent new products include computer mice with a button that connects directly to AI platforms such as ChatGPT.Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
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