Dollar Tree said shrink and purchasing shifts to consumables across its assortment impacted its first-quarter performance as earnings came up short of analyst estimates despite a revenue beat. For the quarter, Dollar Tree posted net income of $299 million, or $1.35...
Two-thirds of Americans plan to spend either the same or more in 2023 as they did in 2022 on retail purchases despite continued inflation and the potential of a recession. But a significant proportion will be deal hunting, and they’ll be doing a lot of it in physical...
CEO and board member Mike Witynski is exiting Dollar Tree, and chairman Rick Dreiling will expand his role to assume the CEO title effective January 29. Dreiling and investment firm Mantle Ridge effectively took control of Dollar Tree last year and began replacing...
Consumers are looking to stretch budgets and Dollar Tree was a beneficiary in the third quarter as the company made changes to management, pricing and store standards to make it more competitive. Net income was $266.9 million, or $1.20 per diluted share, versus...
Dollar Tree has announced that Michael Creedon will join the organization as COO. Before his most recent appointment, Creedon was the Advanced Auto Parts executive vp, U.S. stores, one of several executive positions he held at the company, Dollar Tree stated. He also...
