other material
confidence high
sentiment positive
materiality 0.65
Genesco adds $100M to share repurchase program; total authorization now $101M
GENESCO INC
- Board approved $100M increase to existing repurchase program; prior remaining authorization was $1M.
- In FY2022, repurchased 1.36M shares for $82.8M at average price of $60.88 per share.
- Since Dec 2018, repurchased ~7.0M shares ($324M, avg $46.34), representing over 34% of shares outstanding.
- Purchases may be made in open market or private transactions; no obligation to repurchase any amount.