Dollar Tree Q4 Earnings Surpass Estimates, Unloads Family Dollar For $1B

Dollar Tree Inc (NASDAQ:DLTR) shares are trading higher in premarket after the fourth-quarter FY24 earnings.

On Wednesday, the company reported fourth-quarter sales of $8.26 billion, beating the analyst consensus estimate of $8.24 billion.

Adjusted EPS of $2.29 also beat the consensus estimate of $2.19.

The revenue and adjusted EPS data includes the discontinued operations of Family Dollar. All the other data excludes Family Tree operations.

Dollar Tree reached an agreement today, under which Brigade Capital Management, LP (Brigade) and Macellum Capital Management, LLC (Macellum) will partner to acquire the company’s Family Dollar business segment for $1.007 billion.

Following an extensive evaluation of various options for the Family Dollar segment, the leadership team and Board of Directors at Dollar Tree concluded that selling ...