American Eagle's (AEO) Buyback Program Affirms Financial Health

American Eagle Outfitters (AEO) has taken another decisive move in its strategy to boost shareholders' value through the approval of its new share repurchase authorization. The program allows for the buyback of 30 million shares of its common stock through Feb 3, 2029. This ambitious plan aims to replace the previous authorization that expired on Feb 3, 2024. It showcases the company's aggressive approach to capital management.In fiscal 2023, AEO demonstrated its financial prudence by repurchasing 1 million ...