Lightspeed Commerce (LSPD) said Wednesday it expects fiscal 2026 to fiscal 2028 consolidated gross profit growth at a three-year total compounded annual rate of about 15% to 18%, reaching around $700 million.

Within its primary growth engines, the provider of point-of-sale software for retail outlets said it expects gross profit growth at a three-year compound annual growth rate of about 20% to 25%.

The company also said it has approved the renewal of its normal course issuer bid for the repurchase of an additional 9.0 million shares for about $95 million as part of an overall authorization for up to $400 million, including about $92 million repurchased since the beginning of February

The the latest program follows completion of a share repurchase program authorized last year which bought back and canceled around 9.7 million shares for around $132 million, the company said.

Shares of the company were up more than 1.5% in recent premarket activity.