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Dollar Tree is planning to close nearly 1,000 stores collectively between its namesake general discount stores and subsidiary chain, Family Dollar.Family Dollar will close 600 locations in the first half of 2024 and 370 stores over the next several years as store leases expire, the company said Wednesday. 3 After reporting a net loss of $1.71 billion Wednesday, Dollar Tree said that it would be closing 30 stores in the coming years as leases expire. Getty ImagesDollar Tree, which bought Family Dollar for ...

Shares of discount retail chain Dollar Tree (DLTR -14.81%) got hammered on Wednesday after the company reported a whopping $1.7 billion net loss in its most recent quarter. As of 9:45 a.m. ET, Dollar Tree stock was down 13%.It's time to update Dollar Tree's footprintIn the fourth quarter of 2023, Dollar Tree generated net sales of $8.6 billion, which were up 12% year over year and right on schedule. However, the company swung to its massive aforementioned loss because it recognizes that it has too many unde ...

Dollar Tree (DLTR) reported $8.64 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 12%. EPS of $2.55 for the same period compares to $2.04 a year ago.The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $8.67 billion. With the consensus EPS estimate being $2.67, the EPS surprise was -4.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Key TakeawaysDollar Tree posted fourth-quarter earnings Wednesday that fell short of analyst estimates.The discount retailer also announced plans to close 600 Family Dollar locations in the first half of the 2024 fiscal year, and 400 more Family Dollar and Dollar Tree locations in the "next several years."Shares fell in pre-market trading as investors reacted to the results. Dollar Tree (DLTR) shares plunged 8% in pre-market trading Wednesday as the discount retailer posted fourth-quarter results that misse ...

Dollar Tree (NASDAQ:DLTR) lowered its guidance and said it will close about 1,000 stores, mostly in its Family Dollar unit.The company said it lost $1.7 billion, $7.85 per share, on revenue of $8.6 billion in the fourth quarter, leading to a full-year loss of $4.55 per share. DLTR stock fell 7.5% after those earnings came out. It was due to open this morning at $129.50 per share, a market capitalization of just over $30 billion. That represents about a 13% loss in overnight trading.Family Dollar FailuresThe ...

Dollar Tree (DLTR) came out with quarterly earnings of $2.55 per share, missing the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.49%. A quarter ago, it was expected that this discount retailer would post earnings of $1.01 per share when it actually produced earnings of $0.97, delivering a surprise of -3.96%.Over the last four quarters, the co ...

This Supplemental Financial Presentation contains "forward-looking statements," as that term is used in the Private Securities Litigation Reform Act of 1995, concerning our business and outlook, including our expected sales, comparable store sales, selling square footage growth, depreciation, net interest expense, effective tax rate, diluted earnings per share, capital expenditures, and new store growth for the first quarter and fiscal year 2024; our expected gross margin for fiscal year 2024; various under ...

Dollar Tree Inc is down 8.0% in premarket on Wednesday after reporting disappointing financial results for the fourth quarter.This is a developing story. Figures missing below will be updated as received! The stock is being punished also because the discount retailer issued muted guidance for the future. $DLTR forecasts $6.70 to $7.30 of per-share earnings this year on up to $32 billion in net sales.Analysts, in comparison, were at and billion, respectively. Rick Dreiling – the chief executive of Dollar Tre ...

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter ended February 3, 2024. “We finished the year strong, with fourth quarter results reflecting positive traffic trends, market share gains, and adjusted margin improvement across both segments,” said Rick Dreiling, Chairman and Chief Executive Officer. “While we are still in the early stages of our transformation journey, I am proud of what our team accomplished in 2023 and see a long ...