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Dollar Tree Inc (DLTR.OQ)

DLTR.OQ on NASDAQ Stock Exchange Global Select Market

95.38USD
11:48pm IST
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Latest Key Developments (Source: Significant Developments)

Dollar Tree Says President & CEO Michael Witynski’S Annual Base Salary To Increase To $1.3 Million
Monday, 20 Jul 2020 

July 20 (Reuters) - Dollar Tree Inc ::DOLLAR TREE - IN CONNECTION WITH APPOINTMENT AS PRESIDENT & CEO MICHAEL WITYNSKI’S ANNUAL BASE SALARY TO INCREASE TO $1.3 MILLION - SEC FILING.DOLLAR TREE - MICHAEL WITYNSKI’S TARGET PAYOUT AMOUNT FOR ANNUAL INCENTIVE CASH BONUS TO INCREASE TO 150% OF BASE SALARY.DOLLAR TREE - WITYNSKI ALSO WILL RECEIVE SPECIAL EQUITY INCENTIVE AWARDS FOR 2020 FISCAL YEAR WITH AGGREGATE VALUE OF $2.6 MILLION.  Full Article

Dollar Tree Says Michael Witynski Promoted To President And Chief Executive Officer
Monday, 20 Jul 2020 

July 20 (Reuters) - Dollar Tree Inc ::DOLLAR TREE ANNOUNCES PLANNED LEADERSHIP SUCCESSION.DOLLAR TREE INC - MICHAEL A. WITYNSKI PROMOTED TO PRESIDENT AND CHIEF EXECUTIVE OFFICER.DOLLAR TREE INC - GARY PHILBIN ANNOUNCES RETIREMENT.DOLLAR TREE INC - PHILBIN WILL REMAIN WITH COMPANY AS AN EXECUTIVE AND MEMBER OF BOARD OF DIRECTORS THROUGH SEPTEMBER 23, 2020.DOLLAR TREE INC - MICHAEL WITYNSKI, ENTERPRISE PRESIDENT OF DOLLAR TREE, HAS BEEN PROMOTED TO PRESIDENT AND CEO.  Full Article

Starboard Value Dissolves Share Stake In Dollar Tree, Cuts In Perrigo
Friday, 15 Nov 2019 

Nov 14 (Reuters) - STARBOARD VALUE LP::STARBOARD VALUE LP DISSOLVES SHARE STAKE IN DOLLAR TREE.STARBOARD VALUE LP CUTS SHARE STAKE BY 59.2% IN PERRIGO COMPANY TO 4.1 MILLION SHARES.STARBOARD VALUE LP - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.  Full Article

FDA Sends Warning Letter Dated Nov. 6 To Greenbrier International Inc Dba Dollar Tree
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - U.S. Food and Drug Administration::U.S. FDA SENDS WARNING LETTER DATED NOV. 6 TO GREENBRIER INTERNATIONAL INC DBA DOLLAR TREE.FDA SAYS INSPECTED CORPORATE HEADQUARTERS AT GREENBRIER INTERNATIONAL INC AT 500 VOLVO PARKWAY, CHESAPEAKE, VIRGINIA, FROM JANUARY 14 TO 18, 2019.FDA - FIRMS INSPECTED BY FDA INCLUDED CONTRACT MANUFACTURERS USED TO MANUFACTURE DOLLAR TREE'S ASSURED BRAND DRUGS.FDA SAYS FDA INSPECTIONS REVEALED VIOLATIVE CONDITIONS AT MULTIPLE FOREIGN DRUG MANUFACTURERS THAT SUPPLIED DRUGS TO GREENBRIER DISTRIBUTION NETWORK.  Full Article

Dollar Tree's CEO Gary Philbin Gets $9.4Mln In 2018
Tuesday, 23 Apr 2019 

April 22 (Reuters) - Dollar Tree Inc ::DOLLAR TREE INC SAYS CEO GARY PHILBIN'S 2018 TOTAL COMPENSATION WAS $9.4 MILLION VERSUS $7.7 MILLION IN 2017 – SEC FILING.DOLLAR TREE INC SAYS RATIO OF CEO’S PAY TO PAY OF MEDIAN EMPLOYEE FOR 2018 IS 835 TO 1.DOLLAR TREE INC SAYS EXECUTIVE CHAIRMAN BOB SASSER'S 2018 TOTAL COMPENSATION WAS $11 MILLION VERSUS $12.7 MILLION IN 2017 – SEC FILING.DOLLAR TREE INC SAYS CFO KEVIN WAMPLER'S 2018 TOTAL COMPENSATION WAS $3.1 MILLION VERSUS $3.4 MILLION IN 2017 – SEC FILING.  Full Article

Dollar Tree Q4 GAAP Loss Per Share $9.66
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Dollar Tree Inc ::DOLLAR TREE, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR 2018.Q4 ADJUSTED EARNINGS PER SHARE $1.93 EXCLUDING ITEMS.SEES Q1 2019 SALES $5.74 BILLION TO $5.85 BILLION.Q4 SALES $6.21 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.19 BILLION.Q4 GAAP LOSS PER SHARE $9.66 INCLUDING ITEMS.Q4 EARNINGS PER SHARE ESTIMATE $1.92 -- REFINITIV IBES DATA.SAYS "SALES FOR QUARTER WERE STRONG".TAKES NON-CASH CHARGE AGAINST ACQUISITION GOODWILL.SEES Q1 2019 EARNINGS PER SHARE $1.05 TO $1.15.PLAN TO CLOSE AS MANY AS 390 FAMILY DOLLAR STORES THIS YEAR.SEES 2019 CONSOLIDATED NET SALES WILL RANGE FROM $23.45 BILLION TO $23.87 BILLION.SEES LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES IN 2019.SEES 2019 EARNINGS PER SHARE $4.85 TO $5.25.DOLLAR TREE - RESULTS OF IMPAIRMENT TEST SHOWED FAIR VALUE OF FAMILY DOLLAR LOWER THAN CARRYING VALUE RESULTING IN A $2.73 BILLION CHARGE IN QUARTER.$2.73 BILLION WAS A NON-CASH PRE-TAX AND AFTER-TAX GOODWILL IMPAIRMENT CHARGE IN QUARTER.Q1 EARNINGS PER SHARE VIEW $1.30, REVENUE VIEW $5.81 BILLION -- REFINITIV IBES DATA.ON A CONSTANT CURRENCY BASIS, ENTERPRISE SAME-STORE SALES INCREASED 2.4% IN QUARTER.SAME-STORE SALES FOR DOLLAR TREE BANNER INCREASED 3.2% ON A CONSTANT CURRENCY BASIS IN QUARTER.DOLLAR TREE - ACTIONS IN 2019 UNDER STORE OPTIMIZATION PROGRAM EXPECTED TO LIFT COMP STORE SALES BY UP TO 1.5% ONCE IMPLEMENTED BY END OF FISCAL 2019.  Full Article

Dollar Tree Has No Plans To Sell Family Dollar Business- Yahoo Finance
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - :DOLLAR TREE HAS NO PLANS TO SELL ITS FAMILY DOLLAR BUSINESS- YAHOO FINANCE, CITING SOURCES.  Full Article

Dollar Tree Announces Plans For New Distribution Center In Rosenberg, Texas
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Dollar Tree Inc ::DOLLAR TREE ANNOUNCES PLANS FOR NEW DISTRIBUTION CENTER IN ROSENBERG, TEXAS.DOLLAR TREE - PLANS TO INVEST ABOUT $130 MILLION IN NEW DISTRIBUTION CENTER PROJECT IN ROSENBERG, FORT BEND COUNTY, TEXAS.DOLLAR TREE - WILL CREATE OVER 300 JOBS FOR ROSENBERG, SURROUNDING COMMUNITIES.DOLLAR TREE - CONSTRUCTION PLANNED TO COMMENCE IN APRIL TO MAY 2019 PERIOD, FACILITY EXPECTED TO BE OPERATIONAL BY SUMMER 2020.  Full Article

Starboard Says Dollar Tree Should Explore All Strategic Alternatives For Family Dollar Business
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Starboard Value LP::STARBOARD DELIVERS LETTER TO DOLLAR TREE CEO AND BOARD OF DIRECTORS.STARBOARD - NOMINATED A SLATE OF SEVEN DIRECTOR CANDIDATES FOR ELECTION AT DOLLAR TREE INC'S 2019 ANNUAL MEETING.STARBOARD VALUE LP - CALLS ON DOLLAR TREE INC FOR AN EXPLORATION OF ALL STRATEGIC ALTERNATIVES FOR UNDERPERFORMING FAMILY DOLLAR BUSINESS.STARBOARD VALUE LP SAYS HAS AN OWNERSHIP INTEREST OF APPROXIMATELY 1.7% OF DOLLAR TREE'S OUTSTANDING SHARES.STARBOARD VALUE LP SAYS BELIEVE THAT DOLLAR TREE IS DEEPLY UNDERVALUED.STARBOARD VALUE LP SAYS "DOLLAR TREE SIGNIFICANTLY OVERPAID FOR FAMILY DOLLAR".STARBOARD VALUE LP - URGES DOLLAR TREE INC FOR EVALUATION OF A WIDE-SCALE MARKET TEST OF A MULTI-PRICE POINT STRATEGY AT DOLLAR TREE BANNERED STORES.STARBOARD VALUE LP - BELIEVE IF DOLLAR TREE EXECUTES KEY POINTS OF STARBOARD'S PROPOSED PLAN, IT WOULD BE WORTH "AS MUCH AS $150 PER SHARE OR MORE".STARBOARD VALUE LP - BELIEVE DOLLAR TREE SHOULD EXPLORE ALL STRATEGIC ALTERNATIVES FOR FAMILY DOLLAR, INCLUDING A SALE OF THE BUSINESS.STARBOARD VALUE LP - BELIEVE THAT FAMILY DOLLAR "IS A DRAG" ON DOLLAR TREE’S VALUATION MULTIPLE.STARBOARD VALUE LP - WE DO NOT BELIEVE THAT "FURTHER INTEGRATING THE SUPPLY CHAIN" IS THE RIGHT PATH FOR DOLLAR TREE.  Full Article

Dollar Tree Exec - Expected Impact On Tariffs To Fiscal 2018 Will Be Minimal - Conf Call
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Dollar Tree Inc ::EXEC - WHILE COMPS FOR Q3 ACROSS THE BANNER AS A WHOLE DID NOT MEET OUR TARGETS, OUR RENOVATED STORES CONTINUE TO PERFORM AHEAD OF OUR EXPECTATIONS - CONF CALL.EXEC - BECAUSE OF OUR TEAM'S EFFORTS, THE EXPECTED IMPACT ON TARIFFS TO FISCAL 2018 WILL BE MINIMAL - CONF CALL.EXEC ON SECTION 301 TARIFFS - OUR OPTIONS INCLUDE NEGOTIATING PRICE CONCESSIONS FROM VENDORS, CHANGING PRODUCT SIZES, SPECIFICATIONS & EVOLVING OUR PRODUCT MIX - CONF CALL.EXEC ON SECTION 301 TARIFFS - AT FAMILY DOLLAR, WE CAN RAISE RETAILS BUT ONLY AS A LAST RESORT - CONF CALL.EXEC - ASSUMING 10 PERCENT SECTION 301 TARIFF FOR FREIGHT WILL RISE TO 25 PERCENT NEXT YEAR, DOLLAR TREE HAS ALREADY MITIGATED POTENTIAL IMPACT OF 2019 TARIFFS BY 80 PERCENT - CONF CALL.EXEC - ASSUMING 10 PERCENT SECTION 301 TARIFF FOR FREIGHT WILL RISE TO 25 PERCENT NEXT YEAR, FAMILY DOLLAR HAS ALREADY MITIGATED POTENTIAL IMPACT OF 2019 TARIFFS BY 50 PERCENT - CONF CALL.EXEC - EXPECT TO HAVE 325 NEW DOLLAR TREE STORES & ABOUT 230 FAMILY DOLLAR STORES, BELOW CO'S ORIGINAL PLAN OF 350 DOLLAR TREES & 300-350 FAMILY DOLLARS - CONF CALL.EXEC - HAVE COMPLETED 488 FAMILY DOLLAR RENOVATIONS IN FISCAL 2018, EXCEEDING CO'S ORIGINAL TARGET OF 450 FOR THE YEAR - CONF CALL.EXEC - IN FISCAL '19, WE'LL BE EXPANDING SNACK ZONES TO ADDITIONAL DOLLAR TREE STORES - CONF CALL.  Full Article

UPDATE 1-Dollar Tree taps company insider Michael Witynski as CEO

July 20 Discount retailer Dollar Tree Inc said on Monday insider Michael Witynski has taken over as chief executive officer from Gary Philbin, who will retire after serving in the role for nearly three years.