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Stock impact report

Caleres Board of Directors Authorizes Stock Repurchase Program

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--The Caleres (NYSE: CAL) (caleres.com) Board of Directors has authorized a stock repurchase program of up to 5.0 million shares. This program is in addition to the existing stock repurchase program, which was approved on December 14, 2018. There are approximately 5.7 million shares available for repurchase, including those remaining under the existing authorization.A portion of the shares from the new repurchase program may be used for the company’s employee benefits plans, while the balance will be available for other general corporate purposes. The stock repurchase authorization does not have an expiration date, and the pace of the repurchase activity will depend on factors such as levels of cash generation from operations, cash requirements for investments, repayment of debt, current stock price, and other factors.The company may repurchase shares from time to time on the open market or in private transactions, including structured transactions. The s Show less Read more
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