ASX:BXBCommercial Services
Brambles (ASX:BXB) Is Down 19.0% After US Bottlenecks Hit Guidance And A US$400m Buyback Launch
In May 2026, Brambles Limited (ASX:BXB) announced a new on-market share repurchase program of up to 134,664,225 shares (10% of its 1,346,642,250 shares on issue) for US$400 million, to be executed by June 30, 2027, aiming to improve capital efficiency and shareholder value.
On the same day, Brambles cut its FY26 sales and earnings guidance due to US pallet repair capacity constraints, highlighting how labour shortages and higher quality standards in its subcontractor network are directly...