
Three consumer goods stocks recently announced significant share repurchase authorizations, and all three now have buyback capacity equal to 5% or more of their market capitalization.
This allows them to add a tailwind to important per-share metrics, such as adjusted earnings per share (EPS), and signals confidence in their outlooks going forward. Let’s dive into the recent repurchase news surrounding Kroger (NYSE: KR), lululemon athletica (NASDAQ: LULU), and Etsy (NASDAQ: ETSY).