Dollar Tree Posts Earnings Miss, May Sell or Spin Off Family Dollar

Key Takeaways Discount retailer Dollar Tree (DLTR) announced Wednesday it will explore selling or spinning off its Family Dollar brand, and released first-quarter earnings that missed expectations. The earnings report is the first since Dollar Tree announced plans in March to close roughly 1,000 stores, mostly Family Dollar locations, indicating that its efforts to turn around the unit was not working as well as it had hoped. Q1 Results, Q2 Guidance Miss Estimates Net sales rose 4.2% from the first quarter ...