Lululemon Athletica Adds $500M To Share Buyback Authorization

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  • 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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