3 unchanged sentences
We periodically repurchase shares of our common stock under share repurchase programs authorized by our Board of Directors.
−Removed: Under the existing Board repurchase authorization, we may repurchase up to $2.5 billion of our common stock in open market or privately negotiated transactions with financial institutions.
+Added: In July 2025, our Board of Directors replenished the Company’s share repurchase authorization to an aggregate amount of $2.5 billion, reflecting the limit previously approved by the Board in September 2021.
+Added: Under the Board repurchase authorization, we may repurchase our common stock in open market or privately negotiated transactions with financial institutions.
The repurchase authorization does not have an expiration date.
−Removed: We repurchased 3,283,837, 3,905,599 and 4,613,696 shares of common stock on the open market at a cost of $403.6 million, $504.3 million and $647.5 million, including applicable excise tax, in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.
−Removed: The fiscal 2024 share repurchases occurred prior to the fourth quarter.
−Removed: As of February 1, 2025, we had $952.4 million remaining under our existing $2.5 billion Board repurchase authorization.
+Added: The following table presents our share repurchase activity during the fourth quarter of fiscal 2025:
+Added: Fiscal Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs (in millions)
+Added: November 2, 2025 - November 29, 2025 1,711,878 $ 102.82 1,711,878 $ 1,821.0
+Added: November 30, 2025 - January 3, 2026 — $ — — $ 1,821.0
+Added: January 4, 2026 - January 31, 2026 457,145 $ 122.85 457,145 $ 1,764.9
+Added: Total 2,169,023 2,169,023
+Added: We repurchased 17,176,514, 3,283,837 and 3,905,599 shares of common stock on the open market at a cost of $1.6 billion, $403.6 million and $504.3 million, including applicable excise tax, in fiscal 2025, fiscal 2024 and fiscal 2023, respectively.
+Added: Of the shares repurchased during fiscal 2025, $9.0 million settled subsequent to January 31, 2026 and this amount was accrued in the accompanying Consolidated Balance Sheets.
+Added: As of January 31, 2026, we had $1.8 billion remaining under the $2.5 billion Board repurchase authorization.
+Added: Subsequent to January 31, 2026, we purchased an additional 1,598,978 shares of common stock on the open market at a cost of $192.7 million, as of March 12, 2026.
Stockholder Matters
−Removed: We anticipate that substantially all of our cash flow from operations in the foreseeable future will be retained for the development and expansion of our business, the repayment of indebtedness and, as authorized by our Board of Directors, the repurchase of stock.
−Removed: We do not anticipate paying cash dividends on our common stock in fiscal 2025.
+Added: We historically have retained our cash flow from operations for the development and expansion of our business, the repayment of indebtedness and, as authorized by our Board of Directors, the repurchase of stock.
+Added: While we have never declared or paid any cash dividend on our common stock, we regularly evaluate our cash and capital allocation priorities.
+Added: Any future determination to pay cash dividends on our common stock will be at the discretion of our Board of Directors and will depend on our financial condition, operating results and other business and economic factors our Board of Directors may deem relevant.
Stock Performance Graph
−Removed: The following graph sets forth the yearly percentage change in the cumulative total shareholder return on our common stock during the five fiscal years ended February 1, 2025, compared with the cumulative total returns of the S&P 500 Index and the S&P 500 Consumer Discretionary Distribution & Retail Index.
−Removed: The comparison assumes that $100 was invested in our common stock and in each of the foregoing indices at the market close on the last trading day of the fiscal year ended February 1, 2020, and that dividends were reinvested.
+Added: The following graph sets forth the yearly percentage change in the cumulative total shareholder return on our common stock during the five fiscal years ended January 31, 2026, compared with the cumulative total returns of the S&P 500 Index and the S&P 500 Consumer Discretionary Distribution & Retail Index.
+Added: The comparison assumes that $100 was invested in our common stock and in each of the foregoing indices at the market close on the last trading day of the fiscal year ended January 30, 2021, and that dividends were reinvested.
The stock price performance shown in the graph is not necessarily indicative of future price performance.
−Removed: February 1, 2020 January 30, 2021 January 29, 2022 January 28, 2023 February 3, 2024 February 1, 2025
+Added: January 30, 2021 January 29, 2022 January 28, 2023 February 3, 2024 February 1, 2025 January 31, 2026
Dollar Tree, Inc.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.