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Family Dollar Driving Dollar Tree Higher [The Motley Fool]
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Family Dollar Driving Dollar Tree Higher Rich Duprey ( TMFCop Aug 9, 09 at :0PM Will Family Dollar become the growth engine Dollar Tree NASDAQ:DLTR Not that the turnaround is coming without cost. While Dollar Tree sales beat analyst expectations in the second quarter, profits fell short due to markdowns at Family Dollar and the writedown of costs associated with store closings. Dollar Tree closed almost 00 Family Dollar stores during the period and rebannered over 00 Family Dollar stores to Dollar Tree. Dollar Tree reported revenue of $.7 billion, up .9% from the $. billion it posted in the year-ago quarter as comparable store sales rose .%. Family Dollar also posted a .% gain in comps, its best showing in four years, and ahead of the .9% gain in the first quarter and the flat result it had last year. It's the third straight quarter Image source: Getty Images. Making a U-turn It's a marked change for Family Dollar, which seemed poised to be axed. While Dollar Tree management hadn't be
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SEC Filings
SEC Filings
- 10/29/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- DLTR's page on the SEC website
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