other material
confidence high
sentiment positive
materiality 0.15
Genesco increases share repurchase authorization by $50M to $250M
GENESCO INC
- Existing $200M authorization: $189.5M used on 3.9M shares since Sep 2019, leaving $10.5M.
- Board approved $50M increase to repurchase authorization, bringing total to $250M.
- Current quarter: ~676k shares repurchased for $14.5M at avg $21.41 per share.
- Since Dec 2018: 9.2M shares repurchased for $415M, representing over 46% of outstanding.