Starbucks Corp. SBUX, -2.07% said Wednesday that it has authorized a share repurchase program for 40 million shares. The announcement comes ahead of the coffee giant's virtual shareholder event, which will begin at 10 a.m. PT. This is in addition to the 16 million shares remaining as of Dec. 29, 2019 from the previous buyback program. Starbucks previously announced that it was moving to a "to-go" only model in the interest of social distancing as the coronavirus outbreak wears on. Starbucks is expanding its relationship with Uber Eats UBER, +0.16% nationwide at the end of April, making it available in 48 states. The company has previously announced its worker compensation offering during the pandemic. The company has added a mental health benefit, offering 20 free counseling sessions annually. Store managers across the U.S. and Canada will also receive mental health training this summer to help them aid workers who are dealing with mental health issues. And in China, where 90% of stores are now open, Starbucks announced a $130 million investment in Coffee Innovation Park, which will open in 2022. The facility will include coffee roasting, a distribution center and distribution center. The investment is the largest outside of the U.S. and the first in Asia. Starbucks aims to have 6,000 stores in China by 2022. Starbucks shares are down nearly 5% in Wednesday trading, and down 20.8% over the last year. The S&P 500 index SPX, -1.11% is down 15.8% for the last 12 months.