LE - Lands' End announces $50M stock buyback plan

Lands’ End (NASDAQ:LE) has announced a stock repurchase plan to buyback up to $50M of its common stock through February 2, 2024. The purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing. The uni-channel retailer also plans to continue exploring debt refinancing options as part of its ongoing commitment to drive stockholder value. LE shares have popped over 2% pre-market, but have slid 65% over the past year

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Lands’ End announces $50M stock buyback plan