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Dollar Tree Inc (DLTR.OQ)

DLTR.OQ on NASDAQ Stock Exchange Global Select Market

109.56USD
1:30am IST
Change (% chg)

$-3.30 (-2.92%)
Prev Close
$112.86
Open
$112.10
Day's High
$112.10
Day's Low
$109.54
Volume
605,733
Avg. Vol
796,399
52-wk High
$113.37
52-wk Low
$78.81

Latest Key Developments (Source: Significant Developments)

Dollar Tree Q2 GAAP Earnings Per Share $0.76
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Dollar Tree Inc ::DOLLAR TREE, INC. REPORTS RESULTS FOR THE SECOND QUARTER FISCAL 2019.SEES FY 2019 EARNINGS PER SHARE $4.90 TO $5.11.Q2 GAAP EARNINGS PER SHARE $0.76.SEES FY 2019 SALES $23.57 BILLION TO $23.79 BILLION.SEES Q3 2019 SALES $5.66 BILLION TO $5.77 BILLION.Q2 SALES $5.74 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.71 BILLION.SEES Q3 2019 EARNINGS PER SHARE $1.07 TO $1.16.Q2 EARNINGS PER SHARE ESTIMATE $0.81 -- REFINITIV IBES DATA.QTRLY ENTERPRISE SAME-STORE SALES INCREASED 2.4%.QTRLY SAME-STORE SALES FOR DOLLAR TREE SEGMENT INCREASED 2.4% ON A CONSTANT CURRENCY BASIS.QTRLY SAME-STORE SALES FOR THE FAMILY DOLLAR SEGMENT INCREASED 2.4%..DOLLAR TREE - ESTIMATES THAT WITHOUT MITIGATION LIST 4A, ADDITIONAL 5% TARIFF ON LISTS 1, 2, AND 3 TO COST CO ABOUT $26 MILLION BETWEEN SEPT 1 - DEC 15.DOLLAR TREE -CO NOW IMPLEMENTING ACTIONS THAT MAY MITIGATE RECENTLY ANNOUNCED TARIFF INCREASES, & TO CONTINUE TO ASSESS FUTURE IMPACT OF THOSE TARIFFS.DOLLAR TREE - SEES LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES FOR THE ENTERPRISE IN Q3.DOLLAR TREE - DURING QUARTER, CO OPENED 150 NEW STORES, EXPANDED OR RELOCATED 19 STORES, AND CLOSED 296 FAMILY DOLLAR STORES AND NINE DOLLAR TREE STORES.DOLLAR TREE - SEES A LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES AND 1.3% SELLING SQUARE FOOTAGE GROWTH IN FULL-YEAR FISCAL 2019.CO'S UPDATED OUTLOOK DOES NOT INCLUDE RECENTLY ANNOUNCED TARIFF INCREASES, AS COMPANY IS CURRENTLY WORKING TO MITIGATE THESE COSTS..  Full Article

Starboard Cuts Share Stake In Dollar Tree By 68.4%
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - STARBOARD VALUE LP::STARBOARD VALUE LP CUTS SHARE STAKE IN DOLLAR TREE INC BY 68.4% TO 555,574 SHARES - SEC FILING.STARBOARD VALUE LP CUTS SHARE STAKE IN MARVELL TECHNOLOGY GROUP LTD BY 96.0 PERCENT TO 787,543 SHARES.STARBOARD VALUE LP - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

Starboard Value dissolves share stake in Altaba, cuts in Dollar Tree
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - Starboard Value::STARBOARD VALUE LP CUTS SHARE STAKE IN NATUS MEDICAL BY 50.2% TO 563,269 SHARES.STARBOARD VALUE LP DISSOLVES SHARE STAKE IN ALTABA.STARBOARD VALUE LP TAKES SHARE STAKE IN COMSCORE INC OF 250,000 SHARES.STARBOARD VALUE LP CUTS IN DOLLAR TREE BY 68.4% TO 555,574 SHARES.STARBOARD VALUE LP - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

Dollar Tree Reports Q1 Adjusted Earnings Per Share Of $1.14
Thursday, 30 May 2019 

May 30 (Reuters) - Dollar Tree Inc ::DOLLAR TREE INC REPORTS RESULTS FOR THE FIRST QUARTER FISCAL 2019.SEES FY 2019 SALES $23.51 BILLION TO $23.83 BILLION.SEES Q2 2019 SALES $5.66 BILLION TO $5.76 BILLION.Q1 SALES $5.81 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.78 BILLION.SEES Q2 2019 EARNINGS PER SHARE $0.64 TO $0.73.Q1 ADJUSTED EARNINGS PER SHARE $1.14.Q1 EARNINGS PER SHARE $1.12.Q1 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES BY SEGMENT: DOLLAR TREE +2.5%, FAMILY DOLLAR +1.9%.QTRLY ENTERPRISE SAME-STORE SALES INCREASED 2.2%.PLANS TO RE-BANNER APPROXIMATELY 200 FAMILY DOLLAR STORES TO DOLLAR TREE BRAND IN FISCAL 2019.ROLLING OUT A NEW MODEL FOR BOTH NEW AND RENOVATED FAMILY DOLLAR STORES, REFERRED TO AS H2..H2 STORES ARE DELIVERING INCREASED TRAFFIC WITH AVERAGE COMPARABLE STORE SALES INCREASES OF GREATER THAN 10%..DOLLAR TREE - PLANS TO ADD ADULT BEVERAGE PRODUCT IN ABOUT 1,000 FAMILY DOLLAR STORES & EXPAND FREEZERS AND COOLERS IN ABOUT 400 FAMILY DOLLAR STORES IN FISCAL 2019.PLANS TO RENOVATE AT LEAST 1,000 STORES IN FISCAL 2019..FOR FISCAL 2019, OUR GUIDANCE INCLUDES EXPECTATION THAT SECTION 301 TARIFFS WILL BE 25% ON LIST 1, 2, AND 3 GOODS.CONTINUES TO BE ON TRACK WITH CONSOLIDATION OF ITS STORE SUPPORT CENTERS..INITIATED TESTING OF DOLLAR TREE PLUS! MULTI-PRICE POINT ITEMS IN SELECT DOLLAR TREE STORES.  Full Article

Activist Investor Starboard Takes Stake In Dollar Tree; Seeks Changes - WSJ
Monday, 7 Jan 2019 

Jan 6 (Reuters) - :ACTIVIST INVESTOR STARBOARD SEEKS CHANGES AT DOLLAR TREE - WSJ, CITING SOURCES.STARBOARD VALUE LP HAS TAKEN STAKE IN DOLLAR TREE AND IS PUSHING RETAILER TO SELL FAMILY DOLLAR BUSINESS AND TWEAK ITS PRICING MODEL - WSJ.  Full Article

Dollar Tree To Consolidate Its Dollar Tree And Family Dollar Store Support Centers In Chesapeake, Virginia
Tuesday, 18 Sep 2018 

Dollar Tree Inc ::DOLLAR TREE TO CONSOLIDATE ITS DOLLAR TREE AND FAMILY DOLLAR STORE SUPPORT CENTERS IN CHESAPEAKE, VIRGINIA.DOLLAR TREE INC - COMPANY HAS OFFERED OPPORTUNITY FOR RELOCATION TO APPROXIMATELY 700 ASSOCIATES.DOLLAR TREE INC - COMPANY HAS COMMUNICATED PLANS TO ALL ASSOCIATES AND EXPECTS STORE SUPPORT CENTER CONSOLIDATION TO BE COMPLETED BY FALL 2019.DOLLAR TREE INC - COMMUNICATED PLANS TO ALL ASSOCIATES AND EXPECTS STORE SUPPORT CENTER CONSOLIDATION TO BE COMPLETED BY FALL 2019.DOLLAR TREE - EXPECTS TO INCUR TOTAL PRE-TAX EXPENSE OF ABOUT $40 MILLION TO $49 MILLION, AND ESTIMATES THAT $5 MILLION TO $8 MILLION WILL BE INCURRED DURING FISCAL 2018.DOLLAR TREE INC - DISTRIBUTION CENTER IN MATTHEWS WILL REMAIN OPEN TO SERVE FAMILY DOLLAR STORES.  Full Article

Dollar Tree Files With The U.S. SEC For Potential Debt Shelf, Size Undisclosed
Tuesday, 3 Apr 2018 

April 2 (Reuters) - Dollar Tree Inc ::DOLLAR TREE FILES WITH THE U.S. SEC FOR POTENTIAL DEBT SHELF, SIZE UNDISCLOSED.  Full Article

Dollar Tree Says Board Amended Bylaws To Increase Number Of Directors To 13
Friday, 16 Mar 2018 

March 16 (Reuters) - Dollar Tree Inc ::DOLLAR TREE SAYS BOARD AMENDED CO'S BYLAWS TO INCREASE NUMBER OF DIRECTORS TO 13 - SEC FILING.  Full Article

Dollar Tree Says Settled Lawsuit Relating To Co's Divestiture Of 330 Family Dollar Stores To Dollar Express
Friday, 5 Jan 2018 

Jan 4 (Reuters) - Dollar Tree Inc ::DOLLAR TREE SAYS SETTLED PREVIOUSLY REPORTED LAWSUIT RELATING TO CO'S NOV 2015 DIVESTITURE OF 330 FAMILY DOLLAR STORES TO DOLLAR EXPRESS LLC.DOLLAR TREE SAYS ‍UNDER TERMS OF SETTLEMENT, SYCAMORE PARTNERS AND DOLLAR EXPRESS PAID COMPANY $35.0 MILLION​ - SEC FILING.DOLLAR TREE- ‍IN CONNECTION WITH SETTLEMENT, PARTIES TO LAWSUIT AGREED TO MUTUAL RELEASES, DISMISSAL OF LITIGATION CLAIMS, COUNTERCLAIMS WITH PREJUDICE​.DOLLAR TREE - SETTLEMENT OF LITIGATION EXPECTED TO RESULT IN PARTIAL REVERSAL OF RECEIVABLES IMPAIRMENT OF $35.0 MILLION IN CO'S Q4 2017 INCOME STATEMENT.DOLLAR TREE - ‍DETERMINED OUTSTANDING $53.5 MILLION AMOUNT NOT RECOVERABLE FROM DOLLAR EXPRESS, RECORDED IMPAIRMENT CHARGES TO WRITE DOWN RECEIVABLES TO 0.  Full Article

Dollar Tree reports Q3 earnings per share $1.01
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Dollar Tree Inc :Dollar Tree Inc reports results for the third quarter fiscal 2017.Sees fy 2017 earnings per share $4.64 to $4.73.Sees Q4 2017 sales $6.32 billion to $6.43 billion.Sees fy 2017 sales $22.2 billion to $22.31 billion.Q3 sales $5.32 billion versus I/B/E/S view $5.28 billion.Sees Q4 2017 earnings per share $1.80 to $1.89.Q3 earnings per share $1.01.Q3 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.Dollar Tree Inc - qtrly ‍enterprise same-store sales increased 3.2 pct​.Dollar Tree Inc qtrly ‍same-store sales by segment: Dollar Tree +5.0 pct, family dollar +1.5 pct​.Dollar Tree Inc - ‍during quarter, company opened 169 stores, expanded or relocated 23 stores, and closed six stores​.Fy earnings per share view $4.69 -- Thomson Reuters I/B/E/S.Q4 earnings per share view $1.79, revenue view $6.37 billion -- Thomson Reuters I/B/E/S.Dollar Tree Inc - ‍ consolidated net sales for fy 2017 estimate based on a low single-digit increase in same-store sales, 3.7 pct square footage growth​.  Full Article

UPDATE 3-New products, remodeled stores push U.S. dollar chains to boost profit forecast

* Cos say will mitigate tariff impact (Adds comments from conference call, analyst comment, graphic)