BTTR - Why Better Choice Stock Is Climbing Higher Today | Benzinga
Better Choice Company Inc. (AMEX:BTTR) shares are trading higher Tuesday after the company announced a share repurchase program.
The Details:
Better Choice's board of directors has authorized a stock repurchase program under which the company can repurchase up to $5 million of the currently outstanding shares of its common stock, until Dec. 31, 2024.
The company reported its fourth-quarter financial results Friday with losses of $6.51 per share and quarterly sales of $5.702 million.
“In 2023, we realized significant gross margin improvement to 31%, fueled by strategic pricing initiatives and a 3% YOY improvement of input costs – a reflection of operational discipline and unlocking profit through high production supply volumes. Our further continued focus on financial discipline and a path to profitability is reflected in the 29% adjusted ...