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The company’s previous $25 million program, authorized in 2019, has been exhausted following its use of approximately $17 million in cash to repurchase shares over the past two weeks.
September 4, 2024
By: Lianna Albrizio
Associate Editor
ELF Beauty’s board of directors authorized a share repurchase program of up to $500 million of the company’s common stock. The company’s previous $25 million program, authorized in 2019, has been exhausted following the company’s use of approximately $17 million in cash to repurchase shares over the past two weeks. “This share repurchase authorization reflects confidence in our strategy and the long-term potential we see for ELF Beauty,” said Tarang Amin, ELF Beauty’s chairman and chief ex...
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