Welcome to our dedicated page for Dollar Tree news (Ticker: DLTR), a resource for investors and traders seeking the latest updates and insights on Dollar Tree stock.
Dollar Tree Inc (DLTR) operates one of North America's most distinctive discount retail networks through its Dollar Tree and Family Dollar banners. This page serves as the definitive source for verified corporate announcements, financial disclosures, and strategic developments from the value retail sector leader.
Investors and industry observers will find curated updates including quarterly earnings reports, leadership changes, store expansion plans, and product assortment innovations. The repository consolidates press releases about supply chain enhancements, pricing strategy adjustments, and market penetration efforts that shape DLTR's operational framework.
Content is organized to highlight material developments across three key areas: financial performance (earnings calls, SEC filings), operational strategy (merchandising updates, store formats), and corporate governance (executive appointments, sustainability initiatives). Each update is timestamped for tracking sequential developments in the company's growth trajectory.
For consistent monitoring of DLTR's market position within the competitive discount retail sector, bookmark this page or check back regularly. All information is sourced directly from the company's investor relations communications and verified financial disclosures to ensure reliability.
Dollar Tree (NASDAQ: DLTR) is set to hold a Nationwide Management Hiring Event on April 27, aiming to fill hundreds of full- and part-time leadership roles. Interested candidates can apply by texting 'DOLLAR' to 58046 or visiting www.DollarTree.com/careers. The event will run from 11:00 a.m. to 6:00 p.m. local time at participating stores. The company emphasizes career advancement, competitive pay, and educational benefits, including tuition assistance. This initiative supports its growth as a leading retailer.
Dollar Tree has amended its By-Laws and Corporate Governance Guidelines to enhance stockholder rights and engagement. Key changes include reducing the advance notice period for shareholder nominations to 120-90 days before annual meetings and allowing stockholders owning 15% or more to call special meetings. The governance policy now limits directors to four public company boards, ensuring they can adequately commit to their roles. These updates reflect Dollar Tree's commitment to empowering stockholders and aligning with best governance practices.
Dollar Tree announced the appointment of Richard W. Dreiling as Executive Chairman effective March 16, 2022, following a Stewardship Framework Agreement with Mantle Ridge LP. Dreiling, with over 40 years in retail, previously served as CEO at Dollar General. He has a five-year employment agreement that includes an option to purchase 2,252,587 shares at $157.17 each. Since the announcement, Dollar Tree's share price has risen approximately 45.4%, creating $11 billion in shareholder value. Dreiling's compensation is largely performance-based, aligning his interests with long-term shareholder value.
Dollar Tree has announced a restructured Board of Directors, with
The transition will take effect after the filing of the fiscal year's Form 10-K, expected later this month.
Dollar Tree reported Q4 2021 earnings with diluted EPS of $2.01, surpassing guidance. Consolidated net sales rose 4.6% to $7.08 billion. Same-store sales increased 2.5% overall, with Dollar Tree up 3.1% and Family Dollar up 1.7%. Gross profit declined to $2.14 billion with a gross margin of 30.2%. For FY 2021, net sales increased 3.1% to $26.31 billion, with EPS at $5.80. The company introduced FY 2022 EPS guidance of $7.60-$8.00. Successful conversion to a $1.25 price point completed ahead of schedule.
Family Dollar has announced a voluntary recall of products due to rodent activity at its Distribution Center in West Memphis, Arkansas. This recall affects products shipped to 404 stores since January 1, 2021, posing potential health risks from Salmonella. Although the company has received no illness reports linked to these products, affected items include drugs, medical devices, cosmetics, dietary supplements, and animal food. Customers can return affected products without a receipt and are advised to contact health professionals if they have concerns.
Dollar Tree, Inc. (NASDAQ: DLTR) announces the retirement of Bob Sasser as Executive Chairman before the 2022 Annual Meeting. During his 20-year tenure, Sasser transformed Dollar Tree from a regional retailer with less than $1 billion in sales to a Fortune 111 company with over $25 billion in annual sales. Under his leadership, the market cap grew from approximately $2.3 billion to $30.8 billion. The Board will honor him with the title of Chairman Emeritus for his significant contributions.
Dollar Tree (NASDAQ: DLTR) will host a conference call on March 2, 2022, at 9:00 a.m. Eastern Time to discuss its financial results for the fourth quarter ending January 29, 2022. Investors and analysts can join the call by dialing 800-289-0720 for U.S. and Canadian calls, or access it via the company's website. A replay will be available until March 8, 2022, by calling 888-203-1112 with the passcode #9879297.
Dollar Tree (DLTR) announced its response to Mantle Ridge's aggressive proposal to replace the entire Board of Directors with a slate of its nominees. The Company expressed disappointment over Mantle Ridge's refusal to engage constructively while highlighting its ongoing strategic initiatives and strong performance trajectory. Dollar Tree plans to introduce new price points and expand its store formats, which have already received positive customer feedback. The Board remains committed to shareholder engagement and believes Mantle Ridge's demands could be damaging.
Dollar Tree has priced a public offering of $1.2 billion in senior notes, consisting of $800 million of 2.650% Senior Notes due 2031 and $400 million of 3.375% Senior Notes due 2051. The proceeds will be used to redeem existing 3.700% Senior Notes due 2023 and for general corporate purposes, including potential stock repurchases. The offering is expected to close on December 1, 2021. This move is part of the company's ongoing strategy to manage its debt efficiently.