Dollar Tree Q1 Sales Grow
First quarter sales at Dollar Tree were up mid single-digits as comparable store sales growth at the company’s Dollar Tree banner was key to driving sales.
First quarter sales at Dollar Tree were up mid single-digits as comparable store sales growth at the company’s Dollar Tree banner was key to driving sales.
The United States Federal Trade Commission has issued a bulletin seeking public comment on an application for approval by Sycamore Partners II regarding the sale of 330 Dollar Express stores formerly owned by Family Dollar to Dollar General Corp.
For the fourth quarter ended January 28, Dollar Tree saw earnings, post-merger with Family Dollar, jump to $321.8 million, or $1.36 per diluted share, from $229 million or 97 cents per diluted share, in the year-prior period.
Dollar Tree has promoted Gary Philbin to enterprise president and appointed Duncan Mac Naughton as president and chief operating officer of the Family Dollar business.
The continued integration of Family Dollar seems to be paying off for Dollar Tree, which reported positive results for its third quarter.
In the second quarter, Dollar Tree gained as it continued to integrate Family Dollar into its operations, although slower comp sales did not meet the market’s expectations.
Dollar Tree is eliminating 370 positions, including 100 that are vacant, as part of the retailer’s ongoing efforts to integrate support functions following its acquisition of Family Dollar. The positions are located at the Family Dollar store support center in Matthews, NC.
Dollar Tree reported a modest same-store sales increase for the first quarter as the company…
Dollar Tree has appointed Gregory Bridgeford as a new independent director to the company’s board.…
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