Lightspeed Commerce Inc. hosted its Capital Markets Day, outlining a three-year strategy and financial outlook for Fiscal 2026 to Fiscal 2028. The company projects a gross profit CAGR of approximately 20-25% in its growth engines (North American retail and European hospitality) and a consolidated gross profit CAGR of approximately 15-18%, reaching around $700 million by Fiscal 2028.
The strategy also targets a Customer Location CAGR of approximately 10-15% within its primary growth engines and a total Adjusted EBITDA CAGR of approximately 35% for the consolidated business, aiming to reach approximately 20% of gross profit in Fiscal 2028. Additionally, Lightspeed expects to achieve approximately $100 million in Free Cash Flow by Fiscal 2028.
Lightspeed announced the completion of its existing share repurchase program, having repurchased and cancelled 9,722,677 shares, representing approximately 6% of total shares outstanding, for an aggregate consideration of approximately $132 million. The board approved the renewal of its normal course issuer bid for an additional 9,013,953 shares, representing U.S. approximately $95 million, as part of an overall repurchase authorization for up to $400 million, including approximately $92 million repurchased since February 2025.
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