Aeropostale announces $250M increase to share repurchase program
New York City Aeropostale has authorized a $250.0 million increase in the company’s share repurchase program, bringing the total share repurchase program, since inception, to $850.0 million.
With this most recent increase in repurchase authorization, the company has approximately $290.0 million of repurchase authorization remaining under its repurchase program.
“The program reflects our continued confidence in the long-term prospects for our business and our future growth opportunities,” said chairman and CEO Julian J. Geiger.