Burlington Stores (BURL) Approves $200M Buyback Plan

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Go back to Burlington Stores (BURL) Approves $200M Buyback Plan

Burlington Stores, Inc. Announces $200 Million Share Repurchase Program

June 9, 2015 6:59 AM EDT

BURLINGTON, N.J.--(BUSINESS WIRE)-- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, today announced that its Board of Directors has authorized the Company to repurchase up to $200 million of its common stock. The repurchase program will be funded using the Companys available cash and is expected to be executed over the next 24 months.

Tom Kingsbury, Chairman, President and Chief Executive Officer stated: The decision by our Board of Directors to authorize this $200 million share repurchase program reflects their confidence... More