November 26, 2019 by MMR
Dollar Tree, Dollar Tree Plus, Dollar Tree Snack Zones, Family Dollar, Family Dollar H2, Gary Philbin, third quarter
Featured Articles, Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current quarter, when per-share earnings are projected to miss Wall Street
March 6, 2019 by MMR
Dollar Tree, Family Dollar, Family Dollar Stores
Featured Articles, Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. said Wednesday that it plans to renovate at least 1,000 Family Dollar Stores in the coming year. It also plans to shutter as many as 390 Family Dollar stores and convert another 200 to the Dollar Tree banner. The moves are part of an effort to improve the performance
November 29, 2018 by MMR
Dollar Tree Inc., Dollar Tree president and chief executive officer Gary Philbin, Family Dollar, Gary Philbin
Featured Articles, Leading Headlines, Money
CHESAPEAKE, Va. — Dollar Tree Inc. reported a 4.2% increase in consolidated net sales, to $5.54 billion, for its fiscal 2018 third quarter. Same-store sales for the company increased 1%, and net income increased 5.1% to $281.8 million. “We delivered earnings within the range of our expectations despite continued cost pressures related to domestic freight
September 19, 2018 by MMR
Dollar Tree, Family Dollar
Leading Headlines, Retail News
CHESAPEAKE, Va. — Dollar Tree announced it is planning to consolidate store support centers here as part of its continuing integration of Family Dollar’s organization and support functions. The company on Tuesday said it plans to close the Matthews, N.C., headquarters of Family Dollar after the consolidation is completed in the fall of 2019, but
August 30, 2018 by MMR
Dollar Tree, Dollar Tree Inc., Dollar Tree president and chief executive officer Gary Philbin, Family Dollar, Gary Philbin
Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. reported an enterprise-wide same-store sales gain of 1.8% for the second quarter. Sales in the company’s Family Dollar chain were flat, while sales in the Dollar Tree chain advanced by 3.7%. The company’s overall consolidated sales for the quarter ended August 4 increased 4.6% over the comparable prior year
July 13, 2018 by MMR
distribution center, Dollar Tree, Family Dollar, Gary Philbin
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va. — Dollar Tree this weekend is celebrating the milestone of its 15,000th store opening, with discounts and promotions at its outlets across the United States and in five Canadian provinces. In addition, selected new Dollar Tree and Family Dollar stores have scheduled grand openings for this weekend, with festivities including giveaways, ribbon-cutting ceremonies, private
March 7, 2018 by MMR
Dollar Tree, Dollar Tree Inc., Dollar Tree president and chief executive officer Gary Philbin, Family Dollar, Gary Philbin
Leading Headlines, Money, Retail News, Uncategorized
CHESAPEAKE, Va. — Dollar Tree Inc. on Wednesday reported strong sales and earnings for its fourth quarter and fiscal year ended February 3. Net income for the year increased 91.3% to $1.71 billion, and consolidated net sales for the year increased 7.4% to $22.25 billion. In the fourth quarter, net income more than tripled to
November 21, 2017 by Scot Meyer
Dollar Tree, Dollar Tree Inc., Family Dollar, Gary Philbin
Featured Articles, Money
CHESAPEAKE, Va. — Dollar Tree Inc.’s third quarter sales and earnings topped expectations, helped by higher transaction counts and bigger basket sizes. “Our team delivered terrific results in the third quarter,” Dollar Tree president and chief executive officer Gary Philbin said in a statement. “Same-store sales accelerated in both the Dollar Tree and Family Dollar
August 24, 2017 by MMR
Bob Sasser, Dollar Tree, Family Dollar
Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. reported stronger than expected results for its second fiscal quarter. “I am extremely pleased with the quarter,” chief executive officer Bob Sasser said in a statement on Thursday. “Both Dollar Tree and Family Dollar produced positive same-store sales, our enterprise operating margin improved 80 basis points and earnings per
April 17, 2017 by MMR
Dollar Express Stores LLC, Dollar General Corp., Family Dollar, Family Dollar Stores Inc., Sycamore Partners Management LP
2017, Issue 04-17-2017, Issues
GOODLETTSVILLE, Tenn. — Dollar General Corp. is acquiring Dollar Express Stores LLC, operator of a chain of 323 discount stores in 36 states that were being run as Family Dollar outlets but had been sold off in 2015 when Family Dollar Stores Inc. accepted a buyout offer from then-rival Dollar Tree Inc. The 323 stores
March 1, 2017 by MMR
CEO Bob Sasser, Dollar Tree, Family Dollar
Featured Articles, Leading Headlines, Money
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
January 30, 2017 by MMR
Dollar Tree, Family Dollar, president and chief operating officer, Walmart executive Duncan Mac Naughton
2017, Issue 01-30-2017, Issues
CHESAPEAKE, Va. — Dollar Tree this month announced the appointment of former Walmart executive Duncan Mac Naughton as president and chief operating officer of the company’s Family Dollar chain. He will report to Gary Philbin, who has been promoted to a new role as enterprise president of Dollar Tree. Mac Naughton has more than 30