Dollar Tree ( (DLTR) ) has provided an announcement.
On March 26, 2025, Dollar Tree, Inc. announced its decision to divest its Family Dollar business to Brigade and Macellum for approximately $1,007 million, with net proceeds expected to be around $804 million. This strategic move, concluded after a thorough review, is anticipated to allow Dollar Tree to concentrate on its long-term growth and profitability. The sale is expected to close in about 90 days, subject to customary conditions, including antitrust approval. The financial results for the fourth quarter of fiscal 2024 showed a slight increase in net sales by 0.7% to $5 billion, despite a decline in gross profit and operating income. The company also reported a diluted loss per share of $17.17, while adjusted diluted EPS from continuing operations was $2.11.
More about Dollar Tree
Dollar Tree, Inc. operates in the retail industry, focusing primarily on discount variety stores. It offers a wide range of products including household items, food, and seasonal goods, catering to budget-conscious consumers.
YTD Price Performance: -12.20%
Average Trading Volume: 3,120,770
Technical Sentiment Signal: Buy
Current Market Cap: $14.44B
See more data about DLTR stock on TipRanks’ Stock Analysis page.