- 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.
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