Helen of Troy Limited Announces New $500M Share Repurchase Authorization

Author: Benzinga Newsdesk | September 05, 2024 04:15pm

Helen of Troy Limited (NASDAQ:HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today announced that its Board of Directors has authorized the repurchase of $500 million of its outstanding common shares ("common stock" or "shares") in keeping with its stated intention to opportunistically return to shareholders capital not otherwise deployed for core business growth or strategic acquisitions. The authorization was approved as part of the Board's regular process of reviewing the Company's capital allocation and existing authorization. It is effective August 20, 2024, for a period of three years and replaces Helen of Troy's existing repurchase authorization, of which approximately $245.3 million remained at the time the new authorization was approved.

Posted In: HELE