(Reuters) -Logitech International said on Wednesday it plans to buy back $2 billion worth of its shares over the next three years, and will increase its current buyback program by $600 million.
The company also forecast fiscal year 2026 sales to range from $4.53 billion to $4.71 billion, indicating potential growth in the range of 1% to 3% in U.S. dollars.
Logitech, whose products include computer mice to keyboards and webcams, confirmed its guidance for its 2025 financial year, which runs to the end of March.
The Swiss-American company, which enjoyed a sales surge during the pandemic lockdown, had previously said it expected its sales to grow by 5.4% to 6.4% to reach $4.54 to $4.57 billion.
Logitech had raised its full-year forecast in late January, after reporting higher sales and profit for its important pre-holiday quarter.
(Reporting by John Revill and Bipasha Dey; Editing by Varun H K)
Comments