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Dollar Tree Inc (DLTR.OQ)

DLTR.OQ on NASDAQ Stock Exchange Global Select Market

79.51USD
17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Dollar Tree CEO on conf call- Believe we will surpass expected synergies target of $300 mln
Tuesday, 22 Nov 2016 01:15pm EST 

Dollar Tree Inc : CEO on conf call- believe we will ultimately surpass expected synergies target of $300 million in run rate by end of first 3 years with family dollar . CEO - top-performing categories for dollar tree include snacks and beverages, household products, seasonal, toys and party supplies . CEO - sales in discretionary categories outpaced sales in consumables for Q3 . Dollar Tree CEO - "customers shopping our stores more often and we continue to attract new customers every day. And when customers are in the store, they are buying more" . Dollar Tree - Family Dollar banner had low single-digit negative same-store sales in Q3; August was slightly positive . Dollar Tree - completed national rollout of smart coupons in Q3, already have over 1 million customers signed up . CEO- "consumers looking for value no matter what the state of the economy" . Will continue to experience a higher-than-normal degree of cannibalization to Dollar Tree comps as part of re-bannering Further company coverage: [DLTR.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Dollar Tree posts Q3 earnings per share of $0.72
Tuesday, 22 Nov 2016 07:31am EST 

Dollar Tree Inc : Dollar Tree Inc reports results for the third quarter fiscal 2016 . Says Q3 operating performance was near top end of Q3 EPS guidance range of $0.76 to $0.82​ . Sees FY 2016 earnings per share $3.67 to $3.76 . Q3 earnings per share $0.72 . Sees Q4 2016 sales $5.59 billion to $5.69 billion . Sees FY 2016 sales $20.67 billion to $20.77 billion . Q3 sales $5.0 billion versus I/B/E/S view $5.07 billion . Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S . Sees Q4 2016 earnings per share $1.24 to $1.33 . Qtrly same-store sales increased 1.7 pct . Sees low single-digit increases in same-store sales for dollar tree and family dollar segments in Q4 . FY earnings per share view $3.79, revenue view $20.86 billion -- Thomson Reuters I/B/E/S . Q4 earnings per share view $1.29, revenue view $5.62 billion -- Thomson Reuters I/B/E/S .Qtrly operating performance of $0.81 per diluted share.  Full Article

Dollar Tree enters into amendment no. 3 to credit agreement
Wednesday, 31 Aug 2016 05:02pm EDT 

Dollar Tree Inc : On August 30, 2016, entered into amendment no. 3 to credit agreement . Third amendment reduced applicable interest rate margin with respect to company's term loan a facility - SEC filing .Total amount borrowed under amended credit agreement is unchanged from total amount borrowed under existing credit agreement.  Full Article

Dollar Tree CFO- "Consumer still seeing a lot of pressure on costs increase with rent and food and health care and taxes"
Thursday, 25 Aug 2016 10:06am EDT 

Dollar Tree Inc : On conf call- merchandise margin increased in q2 . On conf call- opened a total of 99 new Dollar Tree stores in Q2 . New and newly re-bannered stores increased cannibalization of comparable sales in Q2, expect this to be a headwind through remainder of year . Currently reviewing opportunities to refinance our current debt structure given market conditions in the capital markets . Ceo- "our SNAP or food stamp penetration is fairly small to begin with, especially in the Dollar Tree segment so it's less than 5%" . Certainly our customers at Family Dollar are still under pressure from snap cuts . "I can't tell you (competition) is an issue anymore for us than it usually is" . Cfo- " consumer still seeing a lot of pressure on costs increase with rent and food and health care and taxes" Further company coverage: [DLTR.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Dollar Tree Q2 EPS $0.72
Thursday, 25 Aug 2016 07:24am EDT 

Dollar Tree Inc : Dollar tree, Inc reports results for the second quarter fiscal 2016 . Sees FY 2016 earnings per share $3.67 to $3.82 . Sees q3 2016 sales $5.02 billion to $5.1 billion . Sees FY 2016 sales $20.69 billion to $20.87 billion . Q2 sales $5.0 billion versus I/B/E/S view $5.09 billion . Sees q3 2016 earnings per share $0.76 to $0.82 . Q2 earnings per share $0.72 . Q2 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . Sees low single-digit increase in same-store sales in q3 . Full-Year 2016 sales outlook is based on a low single-digit increase in same-store sales . Q3 earnings per share view $0.76, revenue view $5.13 billion -- Thomson Reuters I/B/E/S . FY earnings per share view $3.79, revenue view $20.97 billion -- Thomson Reuters I/B/E/S .Q2 same store sales rose 1.2 percent, on a constant-currency basis.  Full Article

Dollar Tree to eliminate 370 positions amid merger integration
Thursday, 4 Aug 2016 05:00pm EDT 

Dollar Tree Inc : Shared back-office functions created to leverage costs across both banners . "plan to keep our customer-facing organizations separate and focused on individual banners" . Dollar tree announces corporate restructuring related to merger integration . Company will eliminate 370 positions, including 100 vacant positions, at its family dollar store support center in Matthews, NC . Company expects to incur pre-tax expense of approximately $6 million during fiscal 2016 related to restructuring . Says expects to incur pre-tax expense of approximately $6 million during fiscal 2016 . Store operations and merchandising functions will remain largely unchanged .Believes it is well positioned to achieve $300 million in combined run rate annual synergies by end of 3rd year following July 2015 acquisition.  Full Article

Dollar Tree CEO on conf call- "In all retail cycles consumers are looking for value"
Thursday, 26 May 2016 10:01am EDT 

Dollar Tree Inc : On conf call- top-performing categories included household products, food, snacks and beverage and party supplies . On conf call- same-store sales growth was strongest in the Mid Atlantic followed closely by the midwest and the northeast . On conf call- primary contributor to year-over-year increase in inventory levels relates to west coast port disruptions a year ago . On conf call- believe current inventory levels appropriate to support scheduled new store openings and q2 sales initiatives . On conf call- inventory per selling square foot increased 7.2% at Q1 quarter end . On conf call- have budgeted lower diesel fuel and import freight costs than a year ago in outlook . Ceo on conf call- "in all retail cycles consumers are looking for value no matter what the state of the economy" . Exec on conf call- "when times are tough we'll sell more consumer goods when times improve we sell a little more discretionary" . Exec on conf call- in Q1 sold a little more discretionary product because of the impact of easter . Exec on conf call- our discretionary business has been a very bright spot for us, outpacing our consumables this quarter Further company coverage: [DLTR.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Dollar Tree posts Q1 earnings per share $0.98
Thursday, 26 May 2016 07:30am EDT 

Dollar Tree Inc : Dollar tree, inc. Reports results for the first quarter fiscal 2016 . Q1 earnings per share $0.98 . Q1 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Sees low single-digit increase in same-store sales for Q2 . Sees low single-digit increase in same-store sales for FY . Q1 same store sales rose 2.3 percent . Q2 earnings per share view $0.75, revenue view $5.09 billion -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.58 to $3.80 . Sees Q2 2016 sales $5.03 billion to $5.12 billion . Sees FY 2016 sales $20.79 billion to $21.08 billion . Q1 sales $5.09 billion versus I/B/E/S view $5.1 billion .Sees Q2 2016 earnings per share $0.66 to $0.72.  Full Article

Dollar Tree, Inc announces departure of CEO
Friday, 8 Jan 2016 07:30am EST 

Dollar Tree, Inc:Announces departure of howard r. levine, CEO of family Dollar.Says gary philbin continues to lead family Dollar as president & chief operating officer.  Full Article

Dollar Tree Inc recalls burn relief gel - Reuters
Thursday, 10 Dec 2015 02:04pm EST 

Dollar Tree Inc:Dollar Tree Recalls Burn Relief Gel Due To Failure To Meet Child Resistant Closure Requirement - RTRS.U.S. Consumer Product Safety Commission Says Dollar Tree Recalling About 325,000 Units Of Assured Burn Relief Gel - RTRS.  Full Article

BRIEF-Dollar Tree CEO on conf call- Believe we will surpass expected synergies target of $300 mln

* CEO on conf call- believe we will ultimately surpass expected synergies target of $300 million in run rate by end of first 3 years with family dollar