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Stock Repurchase Program
6 Months Ended
Feb. 15, 2025
Stock Repurchase Program  
Stock Repurchase Program

Note I – Stock Repurchase Program

From January 1, 1998, to February 15, 2025, the Company has repurchased a total of 155.4 million shares of its common stock at an aggregate cost of $37.8 billion, including 260.2 thousand shares of its common stock at an aggregate cost of $834.6 million during the twenty-four week period ended February 15, 2025.

On June 19, 2024, the Board voted to authorize the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program, which raised the total value of shares authorized to be repurchased to $39.2 billion. Considering the cumulative repurchases as of February 15, 2025, the Company had $1.3 billion remaining under the Board’s authorization to repurchase its common stock.

During the twenty-four week period ended February 15, 2025, the Company retired 0.7 million shares of treasury stock which had been previously repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $2.0 billion and decreased Additional paid-in capital by $69.9 million. During the comparable prior year period, the Company retired 1.7 million shares of treasury stock, which increased Retained deficit by $4.1 billion and decreased Additional paid-in capital by $142.4 million.

Subsequent to February 15, 2025, and through March 14, 2025, the Company has repurchased 47.1 thousand shares of its common stock at an aggregate cost of $163.9 million.