Dollar Tree raises share buyback authorization to $2.5 billion

Dollar Tree, Inc. (NASDAQ: DLTR) announced that its board of directors has replenished the company's share repurchase authorization to $2.5 billion, matching the limit previously approved by the board in July 2025. The new authorization includes any amounts remaining under the prior program.

The company said it had approximately $700 million remaining under its existing $2.5 billion authorization after repurchasing $500 million of common stock in June 2026 through a block trade involving selling stockholders, including certain funds affiliated with Mantle Ridge LP.

The board's authorization allows the company to repurchase shares in the open market or through privately negotiated transactions, subject to market and other conditions. The authorization carries no expiration date.

"The replenishment of our share repurchase authorization reinforces our commitment to disciplined capital allocation and reflects our confidence in Dollar Tree's long-term growth," said Michel C. Creedon, Jr., Chief Executive Officer.

Dollar Tree operates more than 9,300 stores across 48 contiguous states and seven Canadian provinces under the Dollar Tree and Dollar Tree Canada brands.

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