Dollar Tree's Free Cash Flow Powers Share Repurchases
Dow Jones
Aug 27
Dollar Tree generated $675 million in free cash flow during the second quarter, the company's first full period operating without the Family Dollar banner it sold last year. Management channeled that cash toward aggressive share buybacks, repurchasing $605 million of stock in the quarter. The company still has $2.5 billion remaining under its current share repurchase authorization. The rapid return of capital reflects the cash-generative profile of the streamlined business following the divestiture.
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