CEO Bob Sasser

Dollar Tree posts sales, profit gains

Dollar Tree posts sales, profit gains

CHESAPEAKE, Va. — Dollar Tree Inc. reported better-than-expected sales and earnings for the fourth quarter. Consolidated net sales increased 5.0% to $5.64 billion for the 13 weeks ended January 28, and gross profit increased 9.3% to $1.81 billion. “We are pleased with our overall performance for fiscal 2016,” said chief executive officer Bob Sasser. “For

Dollar Tree sees exit of Levine

CHESAPEAKE, Va. — Howard Levine has stepped down as an officer of Dollar Tree Inc. Levine was chief executive officer of Family Dollar Stores Inc., which was acquired by Dollar Tree last summer. He remained with Dollar Tree to assist with the integration, reporting to and supporting CEO Bob Sasser. Gary Philbin, who was named