Buyback

lululemon (LULU) Ups Buyback Plan, Boosts Shareholders’ Wealth

lululemon athletica inc.’s LULU business growth opportunities coupled with efficient operating strategies have helped strengthening its base. This, in turn, is helping the company to boost shareholders’ returns through share-repurchasing activities. In a recent SEC filing, this well-known athletic apparel company announced its plans to expand stock buyback plans. Management stated that as on Oct 1, 2021, the company’s board approved a $500-million increase to its existing share repurchase plan.

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As a result of this new share repurchase authorization, the company’s stock repurchase program has gone up to $641.2 million from $141.2 million. Management highlighted that the authorization has no limit and does not require the repurchase of a minimum number of shares. During second-quarter fiscal 2021, the company repurchased 0.5 million shares for a total cost of $171.1 million.

Share repurchasing actions are a prudent way of maximizing shareholders’ wealth and generating more value. The

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