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...
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...
After a board of directors shakeup, Dollar Tree has announced multiple executive leadership changes the company said would support its growth and accelerate implementation of its value creation initiatives. The changes include Kevin Wampler transitioning out of his...
Dollar Tree has entered into a Stewardship Framework Agreement with affiliates of investment firm Mantle Ridge LP that supports the appointment of former Dollar General chairman and CEO Richard Dreiling to the post of executive chairman. On March 19, the retailer’s...
