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Dollar Tree Inc (DLTR.OQ)

DLTR.OQ on NASDAQ Stock Exchange Global Select Market

108.08USD
19 Jun 2019
Change (% chg)

$-1.39 (-1.27%)
Prev Close
$109.47
Open
$109.50
Day's High
$109.50
Day's Low
$107.64
Volume
44,658
Avg. Vol
784,818
52-wk High
$111.60
52-wk Low
$78.81

Latest Key Developments (Source: Significant Developments)

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

Omega Advisors Inc dissolves share stake in Dollar Tree, cuts share stake in Gigamon
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Omega Advisors Inc :Omega Advisors Inc dissolves share stake in Dollar Tree Inc - SEC filing.Omega Advisors Inc cuts share stake in Gigamon Inc by 34 percent to 366,897 shares.Omega Advisors Inc dissolves share stake in Bluebird Bio.Omega Advisors Inc dissolves share stake in Arris International.Omega Advisors Inc - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.Source text for quarter ended Sept 30, 2017 (http://bit.ly/2yZQl6V).Source text for quarter ended June 30, 2017: (http://bit.ly/2vxgIhn)delivered.  Full Article

Dollar Tree reports planned leadership succession
Monday, 18 Sep 2017 

Sept 18 (Reuters) - Dollar Tree Inc ::Dollar Tree - ‍bob Sasser elevated to role of executive chairman, Gary Philbin promoted to president, chief executive officer and appointed to board​.  Full Article

Dollar Tree says in Aug 2017, 43 current and former employees filed suit against company in State Court in California‍​ - SEC Filing
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - Dollar Tree Inc :Dollar Tree Inc says in August 2017, 43 current and former employees filed suit against company in State Court in California‍​ - SEC Filing.Dollar Tree - Suit by current,former employees alleging improper classification as exempt employees among other things, failure to receive overtime compensation.  Full Article

Dollar Tree quarterly same-store sales at namesake brand miss estimates

May 30 Dollar Tree Inc on Thursday reported quarterly same-store sales at its namesake stores that missed analysts' estimates, sending its shares down 4%.