Press release
Dollar Tree, Inc. Reports Results for the Fourth Quarter Fiscal 2024
Review of Strategic Alternatives Concludes with Agreement to Sell Family Dollar Family Dollar Fourth Quarter and Full-Year Fiscal 2024 Results Are Reported
About this update from Dollar Tree, Inc.
[{"type":"text","content":"\n\nReview of Strategic Alternatives Concludes with Agreement to Sell Family Dollar\n\n\nFamily Dollar Fourth Quarter and Full-Year Fiscal 2024 Results Are Reported as Discontinued Operations\n\n\nDollar Tree Same-Store Net Sales +2.0% on +0.7% Traffic and +1.3% Ticket\n\n\nDiluted Loss per Share of $17.17 and Diluted Earnings per Share (EPS) from Continuing Operations of $1.86\n\n\nAdjusted Diluted EPS of $2.29, Including $2.11 from Continuing Operations and $0.18 from Discontinued Operations\n\n\nFull-Year Fiscal 2025 Outlook Ranges of $18.5 to $19.1 Billion for Net Sales and $5.00 to $5.50 for Adjusted EPS from Continuing Operations, Including $0.30 to $0.35 Negative Impact from Having Only Half-Year Benefit of Family Dollar TSA.\n\n\nFirst Quarter Fiscal 2025 Outlook Ranges of $4.5 to $4.6 Billion for Net Sales and $1.10 to $1.25 for Adjusted EPS from Continuing Operations, Including Full Shared-Service Expense Burden and No Benefit from Family Dollar TSA\n\n\n CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter ended February 1, 2025.\n\n“In the fourth quarter, our team was focused on successfully closing out the year, bringing the strategic review to a favorable conclusion, and setting Dollar Tree on a path to realize its full potential to create long-term value for our associates, customers, and shareholders,” said Mike Creedon, Chief Executive Officer. “We finished 2024 on a high note with strong execution at Dollar Tree as growing customer acceptance of our expanded assortment drove sales momentum. With the sale of Family Dollar set to close later this year, we will be able to fully dedicate ourselves to Dollar Tree’s long-term growth, profitability, and returns on capital.”\n\nSale of Family Dollar\n\nAfter a thorough review of strategic alternatives, on March 25, 2025, the Company entered into a definitive agreement to sell the Family Dollar business to Brigade and Macellum for a purchase consideration of $1,007.0 million, subject to a number of adjustments, including with respect to working capital and net indebtedness. The closing of the transaction is subject to satisfaction of customary closing conditions, including receipt of US antitrust approval. Net proceeds are estimated to total approximately $804 million. Additionally, we expect the ec...