Lands' End, Inc. (LE), Wednesday announced that its Board of Directors has authorized the repurchase of up to $100 million of the common stock as part of its strategy to deliver compelling shareholder value.
Starting from April 1, 2026 through March 31, 2029, the program would be funded through existing cash on hand, cash from operations, distributions from the joint venture, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
Under the earlier program, the company repurchased 1.26 million shares for an aggregate $16.0 million beginning in April 2024.
In the pre-market hours, LE is trading at $11.80, up 4.98 percent on the Nasdaq.
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