By Kathryn Hardison

 

Costco Wholesale Corp.'s board of directors has reauthorized a stock repurchase program of up to $4 billion.

The company said Thursday that the program will expire in January 2027.

The new authorization replaces its current $4 billion program, under which the company has purchased roughly $1.4 billion worth of stock.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

January 19, 2023 16:36 ET (21:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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