Churchill Downs Incorporated (CHDN) announced on October 27, 2026, that its Board of Directors has approved a new share repurchase program valued at $750 million. The new authorization replaces a previous program of $500 million that was authorized in July 2025.
The company disclosed that the new $750 million program includes the remaining $306 million authorization from the prior program as of the close of trading on October 27, 2026. This means the total available capital for repurchases is $750 million, not an additional $750 million on top of the remaining balance.
Under the terms of the new program, share repurchases may be conducted at management’s discretion. The company stated that purchases may be made in the open market, either with or without a 10b5-1 plan, or through privately negotiated transactions. The program has no time limit and may be suspended or discontinued at any time.
