09 May Genesco Announces New Stock Repurchase Authorization
Genesco Inc. announced its board of directors has authorized it to repurchase up to $100 million of the company’s common stock.
The company has exhausted its previous $125 million authorization from December 2018, pursuant to which the company has repurchased roughly 2.8 million shares at a total cost of approximately $125 million. During the first quarter of fiscal 2020, 1.8 million of those shares were repurchased at a total cost of approximately $79.1 million.