PRO_1170x120_4-1-19

Gary Philbin

Dollar Tree reports sales, net earnings gain in Q3

Dollar Tree reports sales, net earnings gain in Q3

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

Dollar Tree posts sales gain in second quarter

Dollar Tree posts sales gain in second quarter

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

Dollar Tree celebrates opening of 15,000th store

Dollar Tree celebrates opening of 15,000th store

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

Dollar Tree posts solid fourth quarter results

Dollar Tree posts solid fourth quarter results

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

Dollar Tree beats expectations in third quarter

Dollar Tree beats expectations in third quarter

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

Witynski tapped to lead Dollar Tree banner

Witynski tapped to lead Dollar Tree banner

CHESAPEAKE, Va. — Michael Witynski has been promoted to president and chief operating officer of Dollar Tree Inc.’s 6,200-store Dollar Tree chain. “Mike is an accomplished executive with more than 36 years of experience in retail,” Dollar Tree chief executive officer Bob Sasser said in a statement. “Dollar Tree is a growth company, now larger

Mac Naughton to head Family Dollar

Mac Naughton to head Family Dollar

CHESAPEAKE, Va. — Former Walmart executive Duncan Mac Naughton is joining Dollar Tree Inc. 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 years of leadership

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

Levine leaves post as CEO of Family Dollar

Levine leaves post as CEO of Family Dollar

CHESAPEAKE, Va. — Howard Levine is stepping down as chief executive officer of Family Dollar on January 15, but he will remain on the board of Dollar Tree Inc. The departure, announced on Friday by Dollar Tree, is earlier than planned but comes after the integration of Family Dollar and Dollar Tree has been completed,