Lululemon Athletica Adds $500M To Share Buyback Authorization

by Shivani Kumaresan, Benzinga Staff Writer

October 5, 2021 8:01 AM | 24 seconds read |

Lululemon Athletica Inc LULU board of directors approved a $500.0 million increase to the $141.2 million remaining authorization of its existing stock repurchase program.
As a result, the buyback program rises to $641.2 million.
The repurchase authorization has no time limit and does not require the buyback of a minimum number of shares.
Price Action: LULU shares closed lower by 2.19% at $392.57 on Monday.