Kroger recently authorized an additional $2 billion for share repurchases, totaling $2.9 billion in buyback capacity, equivalent to 7.2% of its market capitalization. The company has spent over $6 billion on buybacks in the last 12 months, with an LTM buyback yield of 14.4%, ranking among the top 10 in the S&P 500.
Lululemon, after a challenging year, announced a $1 billion buyback program, representing 6.5% of its market capitalization. The company’s CEO is stepping down, and markets are closely watching its performance as it aims for 4% annual sales growth.
Etsy, despite a post-earnings crash, announced a $750 million share repurchase program, totaling up to $1 billion in buyback capacity, equivalent to 17.7% of its market capitalization. Markets will monitor Etsy’s buyback activity to assess investor confidence.
Read more at Nasdaq: These 3 Consumer Stocks Just Authorized Big-Time Buyback Programs
