Wednesday, March 6, 2019

Dollar Tree Beats Earnings Expectations, Will Close 390 Family Dollar Stores

The Street
Dollar Tree beat Wall Street's fourth-quarter earnings expectations but said Wednesday it will close as many as 390 Family Dollar Stores this year and re-brand 200 others to Dollar Tree Stores.

Same-store sales increased 2.4% during the fourth quarter, beating analysts' forecasts of 1.5%. Same-store sales at Family Dollar rose 1.4% , while the Dollar Tree brand increased 3.2% in the quarter.. . . more