Sale of Family Dollar
Dollar Tree announced the sale of its Family Dollar business to Brigade-Macellum for over $1 billion, including $800 million in cash proceeds to focus on Dollar Tree's growth and profitability.
Q4 Revenue Performance
Net sales from continuing operations increased 0.7% to $5 billion, and consolidated net sales reached $8.3 billion, at the high end of the outlook range.
Multi-Price Format Success
3.0 format stores saw a 220 basis point comp lift compared to other formats, with 290 basis point lift in discretionary sales, and a plan to expand to 5,200 3.0 stores by the end of 2025.
Strong Consumer Acceptance
Dollar Tree's expanded assortment and multi-price offerings continue to gain market share, with a balanced comp growth in Q4 driven by increased traffic and ticket.
Cash and Balance Sheet Position
Dollar Tree ended the year with $1.3 billion in cash and expects to receive $800 million from the Family Dollar sale, along with $350 million in tax benefits.