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Dollar Tree Inc (DLTR.OQ)

DLTR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Starboard Says Dollar Tree Should Explore All Strategic Alternatives For Family Dollar Business
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Starboard Value LP::STARBOARD DELIVERS LETTER TO DOLLAR TREE CEO AND BOARD OF DIRECTORS.STARBOARD - NOMINATED A SLATE OF SEVEN DIRECTOR CANDIDATES FOR ELECTION AT DOLLAR TREE INC'S 2019 ANNUAL MEETING.STARBOARD VALUE LP - CALLS ON DOLLAR TREE INC FOR AN EXPLORATION OF ALL STRATEGIC ALTERNATIVES FOR UNDERPERFORMING FAMILY DOLLAR BUSINESS.STARBOARD VALUE LP SAYS HAS AN OWNERSHIP INTEREST OF APPROXIMATELY 1.7% OF DOLLAR TREE'S OUTSTANDING SHARES.STARBOARD VALUE LP SAYS BELIEVE THAT DOLLAR TREE IS DEEPLY UNDERVALUED.STARBOARD VALUE LP SAYS "DOLLAR TREE SIGNIFICANTLY OVERPAID FOR FAMILY DOLLAR".STARBOARD VALUE LP - URGES DOLLAR TREE INC FOR EVALUATION OF A WIDE-SCALE MARKET TEST OF A MULTI-PRICE POINT STRATEGY AT DOLLAR TREE BANNERED STORES.STARBOARD VALUE LP - BELIEVE IF DOLLAR TREE EXECUTES KEY POINTS OF STARBOARD'S PROPOSED PLAN, IT WOULD BE WORTH "AS MUCH AS $150 PER SHARE OR MORE".STARBOARD VALUE LP - BELIEVE DOLLAR TREE SHOULD EXPLORE ALL STRATEGIC ALTERNATIVES FOR FAMILY DOLLAR, INCLUDING A SALE OF THE BUSINESS.STARBOARD VALUE LP - BELIEVE THAT FAMILY DOLLAR "IS A DRAG" ON DOLLAR TREE’S VALUATION MULTIPLE.STARBOARD VALUE LP - WE DO NOT BELIEVE THAT "FURTHER INTEGRATING THE SUPPLY CHAIN" IS THE RIGHT PATH FOR DOLLAR TREE.  Full Article

Dollar Tree Exec - Expected Impact On Tariffs To Fiscal 2018 Will Be Minimal - Conf Call
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Dollar Tree Inc ::EXEC - WHILE COMPS FOR Q3 ACROSS THE BANNER AS A WHOLE DID NOT MEET OUR TARGETS, OUR RENOVATED STORES CONTINUE TO PERFORM AHEAD OF OUR EXPECTATIONS - CONF CALL.EXEC - BECAUSE OF OUR TEAM'S EFFORTS, THE EXPECTED IMPACT ON TARIFFS TO FISCAL 2018 WILL BE MINIMAL - CONF CALL.EXEC ON SECTION 301 TARIFFS - OUR OPTIONS INCLUDE NEGOTIATING PRICE CONCESSIONS FROM VENDORS, CHANGING PRODUCT SIZES, SPECIFICATIONS & EVOLVING OUR PRODUCT MIX - CONF CALL.EXEC ON SECTION 301 TARIFFS - AT FAMILY DOLLAR, WE CAN RAISE RETAILS BUT ONLY AS A LAST RESORT - CONF CALL.EXEC - ASSUMING 10 PERCENT SECTION 301 TARIFF FOR FREIGHT WILL RISE TO 25 PERCENT NEXT YEAR, DOLLAR TREE HAS ALREADY MITIGATED POTENTIAL IMPACT OF 2019 TARIFFS BY 80 PERCENT - CONF CALL.EXEC - ASSUMING 10 PERCENT SECTION 301 TARIFF FOR FREIGHT WILL RISE TO 25 PERCENT NEXT YEAR, FAMILY DOLLAR HAS ALREADY MITIGATED POTENTIAL IMPACT OF 2019 TARIFFS BY 50 PERCENT - CONF CALL.EXEC - EXPECT TO HAVE 325 NEW DOLLAR TREE STORES & ABOUT 230 FAMILY DOLLAR STORES, BELOW CO'S ORIGINAL PLAN OF 350 DOLLAR TREES & 300-350 FAMILY DOLLARS - CONF CALL.EXEC - HAVE COMPLETED 488 FAMILY DOLLAR RENOVATIONS IN FISCAL 2018, EXCEEDING CO'S ORIGINAL TARGET OF 450 FOR THE YEAR - CONF CALL.EXEC - IN FISCAL '19, WE'LL BE EXPANDING SNACK ZONES TO ADDITIONAL DOLLAR TREE STORES - CONF CALL.  Full Article

Dollar Tree Inc Reports Q3 Enterprise Same-Store Sales Increased 1 Pct
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Dollar Tree Inc ::DOLLAR TREE, INC. REPORTS RESULTS FOR THE THIRD QUARTER FISCAL 2018.SEES FY 2018 EARNINGS PER SHARE $4.86 TO $4.95.SEES FY 2018 SALES $22.72 BILLION TO $22.83 BILLION.SEES Q4 2018 SALES $6.1 BILLION TO $6.21 BILLION.Q3 SALES $5.54 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.55 BILLION.SEES Q4 2018 EARNINGS PER SHARE $1.86 TO $1.95.Q3 EARNINGS PER SHARE $1.18.Q3 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY ENTERPRISE SAME-STORE SALES INCREASED 1.0%.FY2019 EARNINGS PER SHARE VIEW $5.49, REVENUE VIEW $22.90 BILLION -- REFINITIV IBES DATA.QTRLY SAME-STORE SALES FOR DOLLAR TREE BANNER INCREASED 2.3% ON A CONSTANT CURRENCY BASIS.BEGUN PHASE OF CONSOLIDATING STORE SUPPORT CENTERS INTO CHESAPEAKE CAMPUS.EXPECTS TO REDUCE ITS VARIABLE RATE OUTSTANDING DEBT.CLOSED 195 FAMILY DOLLAR STORES IN QUARTER.UPDATES INTEGRATION AND CAPITAL ALLOCATION PLANS.HAS AN EXISTING $1.0 BILLION BOARD AUTHORIZATION TO REPURCHASE SHARES AND WILL CONTINUE TO EVALUATE SHARE REPURCHASES IN 2019.PLANS TO PROVIDE MORE INFORMATION RELATED TO ITS CAPITAL ALLOCATION STRATEGY IN EARLY 2019.COMPANY EXPECTS TO COMPLETE CONSOLIDATION BY FALL 2019..QTRLY SAME-STORE SALES FOR FAMILY DOLLAR BANNER DECREASED BY 0.4%.DOLLAR TREE - AS PART OF INTEGRATION OF FAMILY DOLLAR, IMPLEMENTED STEPS TO ESTABLISH SINGLE FOUNDATION TO IMPROVE EFFICIENCIES ACROSS ORGANIZATION.PLANS TO OPEN 350 NEW DOLLAR TREE AND 200 NEW FAMILY DOLLAR STORES IN FISCAL 2019.  Full Article

Dollar Tree Sees 2018 Capex $850 Mln To $865 Mln - Conf Call
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Dollar Tree Inc ::DOLLAR TREE ON TARIFFS - POTENTIAL IMPACT COULD BE MITIGATED BY A VARIETY OF FACTORS - CONF CALL.DOLLAR TREE SAYS CAN ATTEMPT TO NEGOTIATE PRICING CONCESSIONS, CHANGE PRODUCT SIZES, SPECIFICATIONS THAT INVOLVE PRODUCT MIX TO MITIGATE TARIFF IMPACT.DOLLAR TREE ON TARIFFS- WE'VE ALWAYS TAKEN A LOOK AT ALTERNATIVE SOURCES OF SUPPLY AND PRODUCT OUTSIDE OF CHINA.DOLLAR TREE ON TARIFFS- "AT FAMILY DOLLAR, WE CAN ALSO CHANGE OUR PRICE".DOLLAR TREE EXPECT HIGHER DOMESTIC FREIGHT AND DIESEL COSTS TO CONTINUE- CONF CALL.DOLLAR TREE EXPECT FISCAL 2018 CAPITAL EXPENDITURES TO RANGE FROM $850 MILLION TO $865 MILLION, A SLIGHT DECREASE FROM OUR PRIOR 2018 OUTLOOK- CONF CALL.  Full Article

Dollar Tree Inc. Q2 Earnings Per Share $1.15
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Dollar Tree Inc ::DOLLAR TREE, INC. REPORTS RESULTS FOR THE SECOND QUARTER FISCAL 2018.SEES FY 2018 EARNINGS PER SHARE $4.85 TO $5.05.SEES FY 2018 SALES $22.75 BILLION TO $22.97 BILLION.SEES Q3 2018 SALES $5.53 BILLION TO $5.64 BILLION.Q2 SALES $5.53 BILLION VERSUS I/B/E/S VIEW $5.53 BILLION.SEES Q3 2018 EARNINGS PER SHARE $1.11 TO $1.18.Q2 EARNINGS PER SHARE $1.15.Q2 EARNINGS PER SHARE VIEW $1.15 -- THOMSON REUTERS I/B/E/S.QTRLY ENTERPRISE SAME-STORE SALES INCREASED 1.8%.DOLLAR TREE - ESTIMATES CONSOLIDATED NET SALES FOR Q3 BASED ON LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES FOR COMBINED ENTERPRISE.QTRLY SAME-STORE SALES FOR DOLLAR TREE BANNER INCREASED 3.7% ON A CONSTANT CURRENCY BASIS.QTRLY SAME-STORE SALES FOR FAMILY DOLLAR BANNER WERE FLAT AT 0.0%.DOLLAR TREE - NET SALES FOR FY FISCAL 2018 ESTIMATE BASED ON LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES AND 3.4% SQUARE FOOTAGE GROWTH.Q3 EARNINGS PER SHARE VIEW $1.16, REVENUE VIEW $5.57 BILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $5.55, REVENUE VIEW $22.92 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Dollar Tree Inc Sees FY 2018 Earnings Per Share $4.80 TO $5.10
Thursday, 31 May 2018 

May 31 (Reuters) - Dollar Tree Inc ::DOLLAR TREE, INC. REPORTS RESULTS FOR THE FIRST QUARTER FISCAL 2018.SEES FY 2018 EARNINGS PER SHARE $4.80 TO $5.10.SEES FY 2018 SALES $22.73 BILLION TO $23.05 BILLION.SEES Q2 2018 SALES $5.47 BILLION TO $5.57 BILLION.Q1 SALES $5.55 BILLION VERSUS I/B/E/S VIEW $5.56 BILLION.SEES Q2 2018 EARNINGS PER SHARE $1.07 TO $1.16.QTRLY DILUTED EARNINGS PER SHARE OF $0.67.QTRLY DILUTED EARNINGS PER SHARE OF $0.67, INCLUDES $0.52 IN DEBT REFINANCING COSTS.QTRLY DILUTED EPS $1.19, EXCLUDING SOME ITEMS.QTRLY ENTERPRISE SAME-STORE SALES INCREASED 1.4 PERCENT.Q1 EARNINGS PER SHARE VIEW $1.23 -- THOMSON REUTERS I/B/E/S.DURING QUARTER, CO OPENED 130 STORES, EXPANDED OR RELOCATED 26 STORES, AND CLOSED 5 STORES.SEES LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES FOR COMBINED ENTERPRISE IN Q2."WHILE WEATHER IMPACTED DISCRETIONARY SIDE OF OUR BUSINESS IN Q1, WE HAVE SEEN AN ACCELERATION IN SALES WITH WARMER WEATHER IN MAY".SEES LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES IN FY 2018.Q2 EARNINGS PER SHARE VIEW $1.18, REVENUE VIEW $5.56 BILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $5.66, REVENUE VIEW $23.02 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Dollar Tree Says On April 19 Co Entered Into Credit Agreement With JPMorgan Chase Bank Providing For $2,032 Mln In Senior Credit Facilities
Friday, 20 Apr 2018 

April 20 (Reuters) - Dollar Tree Inc ::DOLLAR TREE SAYS ON APRIL 19 CO ENTERED INTO CREDIT AGREEMENT WITH JPMORGAN CHASE BANK PROVIDING FOR $2,032 MILLION IN SENIOR CREDIT FACILITIES - SEC FILING.DOLLAR TREE - THE $2,032 MILLION SENIOR CREDIT FACILITIES CONSIST OF A $1,250 MILLION REVOLVING CREDIT FACILITY & A $782 MILLION TERM LOAN FACILITY.DOLLAR TREE - THE $1,250 MILLION REVOLVING CREDIT FACILITY MATURES ON APRIL 19, 2023 & THE $782 MILLION TERM LOAN FACILITY MATURES ON APRIL 19, 2020.  Full Article

Dollar Tree Files Prospectus Supplement Related To A Potential Four-Part Notes Offering - SEC Filing
Thursday, 5 Apr 2018 

April 5 (Reuters) - Dollar Tree Inc ::SEC FILING.  Full Article

Dollar Tree Says Settled Lawsuit Relating To Co's Divestiture Of 330 Family Dollar Stores To Dollar Express
Thursday, 4 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

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Shutdown clouds outlook for consumer-driven U.S. economic growth

NEW YORK After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. | Video