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Dollar Tree, Inc. (DLTR)

- NASDAQ
  • Thu, May 21, 7:48 AM
    • Dollar Tree (NASDAQ:DLTR) reports same-store sales increased 3.4% in Q1 on gains in both traffic and average ticket.
    • A disruption at West Coast ports impacted sales negatively during the quarter.
    • Gross profit rate -40 bps to 34.4% as higher freight costs kicked in.
    • SG&A expenses +50 bps to 23.7%.
    • Retail selling square footage +7.1% to 47.2M.
    • Q2 guidance: Dollar Tree expects Q2 sales of $2.17B-$2.23B vs. $2.23B consensus and EPS of $0.63-$0.68 vs. $0.70 consensus.
    • Full-year guidance: Revenue of $9.24B-$9.42B vs. $9.41B consensus and EPS of $3.32-$3.47 vs. $3.49 consensus.
    • Previously: Dollar Tree misses by $0.04, revenue in-line
    • DLTR -0.41% premarket to $75.95.
    | 1 Comment
  • Thu, May 21, 7:40 AM
    • Dollar Tree (NASDAQ:DLTR): Q1 EPS of $0.71 misses by $0.04.
    • Revenue of $2.2B (+10.0% Y/Y) in-line.
    • Press Release
    | Comment!
  • Wed, May 20, 5:30 PM
  • Wed, May 13, 12:24 PM
    • Amherst Pierpont has a positive take on today's U.S. Retail Sales report, noting the upward adjustment to March nearly offsets the April shortfall.
    • "This is nothing that could not be easily fixed with another modest upward revision a month from now," reads a note from the trading firm.
    • Capital Economist's Paul Ashworth is bearish on the report. The economist says the weak monthly tally calls into question if cold weather was truly behind the soft consumer spending seen in February and March.
    • The National Retail Federation points to the "anemic" growth seen in the year-over-year retail sales compares.
    • Retail giants Wal-Mart (WMT -0.9%), Target (TGT -0.8%), and Costco (COST -0.4%) are all lower on the day.
    • Dollar General (DG -1.2%) and Dollar Tree (DLTR -1.1%) are also out of favor.
    • Previously: Retail sales continue to slow
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK.
    | 2 Comments
  • Fri, Apr. 10, 11:55 AM
    • Sales per shopper increased 5.8% Y/Y in March at retail chains, according to data from RetailNext.
    • Average transaction value was up 3.5%, while the number of conversions improved by 0.9%
    • Total sales were off 3.2% on a 8.2% drop in traffic amid a problematic month for weather. The tallies don't include e-commerce.
    • Higher-end store chains such as Lululemon (LULU -0.5%), Tiffany (TIF +0.3%), and Williams-Sonoma (WSM +0.5%) can benefit from the trend toward highly-focused shoppers - while traffic-dependent chains such as Family Dollar (FDO +0.1%), Dollar General (DG +0.6%), and Dollar Tree (DLTR +0.4%) rely on the impulse buys churned up by increased traffic.
    | 4 Comments
  • Tue, Apr. 7, 5:49 PM
    • Dollar Tree (NASDAQ:DLTR) says that the FTC has "substantially completed" its review of the company's $8.5B acquisition of Family Dollar (NYSE:FDO) and has identified about 340 stores to be divested, from a pool of about 500 locations reviewed.
    • All or nearly all of the divestments should be Family Dollar stores, which the combined entity would sell to one or more of "multiple" interested buyers who would operate them as dollar stores. It was the low number of divestitures that prompted FDO shareholders to take a lower offer from Dollar Tree vs. the bid from Dollar General (NYSE:DG).
    • In its 8-K, Dollar Tree says it hopes to close the merger in May.
    • Family Dollar is part of earnings season's kickoff tomorrow, reporting before the bell. Analysts expect EPS of $0.73 on $2.8B in revenues.
    • After hours: DLTR -0.7%.
    • Previously: Dollar Tree says FTC reviewing more stores (Feb. 03 2015)
    • Previously: Deal done: Dollar Tree lands Family Dollar (Jan. 22 2015)
    | Comment!
  • Wed, Apr. 1, 8:38 AM
    • Discounters could face some increased pricing competition from Wal-Mart (NYSE:WMT) after the retail giant ratcheted up pressure on suppliers to reduce prices.
    • The news from Bentonville might also create some headaches for large consumer products sellers such as Procter & Gamble (NYSE:PG) and Kimberly-Clark (NYSE:KMB) which have struggled with pushing back against Wal-Mart's formidable leverage.
    • On margin watch: Dollar Tree (NASDAQ:DLTR), Family Dollar (NYSE:FDO), Dollar General (NYSE:DG), Fred's (NASDAQ:FRED), Big Lots (NYSE:BIG), Five Below (NASDAQ:FIVE).
    • Previously: Wal-Mart steps up pressure on suppliers to slash prices
    | 2 Comments
  • Thu, Mar. 12, 9:47 AM
    • Shares of Dollar Tree (DLTR +1.6%), Target (TGT +1.1%), Wal-Mart (WMT +1.1%), Fred's (FRED +1.1%), and Five Below (FIVE +1.6%) are picking up steam after Dollar General's (DG +2.7%) quarterly reports shows some broad strength across categories.
    • Despite the headline miss on U.S. retail sales earlier, the S&P Retail (NYSEARCA:XRT) is up 1.12% to outpace the S&P 500.
    • Analysts think lower-income consumer spending is gaining momentum based on the most recent reads from discounters such as Dollar General.
    • Previously: New buybacks and store growth on tap for Dollar General
    | Comment!
  • Wed, Feb. 25, 7:58 AM
    • Dollar Tree (NASDAQ:DLTR) reports same-store sales rose 5.6% in Q4.
    • Gross profit rate +20 bps to 37.1% due in part to higher initial mark-ups and leverage on occupancy and distribution costs.
    • SG&A expense rate remained flat at 21.3%.
    • Store count +375 Y/Y to 5,367.
    • FQ1 Guidance: Net sales: $2.15B to $2.20B; Same-store sales: low to mid single-digit growth; Square footage growth: +6.9%; Diluted EPS: $0.69 to $0.74.
    • FY2015 Guidance: Net sales: $9.21B to $9.45B; Same-store sales: low to mid single-digit growth; Square footage growth: +7.2%; Diluted EPS: $3.30 to $3.50.
    • DLTR -0.61% premarket.
    | Comment!
  • Wed, Feb. 25, 7:34 AM
    • Dollar Tree (NASDAQ:DLTR): Q4 EPS of $1.16 beats by $0.01.
    • Revenue of $2.48B (+11.2% Y/Y) beats by $10M.
    • Press Release
    | Comment!
  • Tue, Feb. 24, 5:30 PM
  • Thu, Feb. 5, 9:08 AM
    • Kraft Foods (NASDAQ:KRFT) has found a vibrant channel for its Velveeta brand in dollar stores.
    • The company was very close to pulling the plug on the product last year amid soft grocery store sales.
    • General Mills (NYSE:GIS) and Campbell Soup (NYSE:CPB) are also exploring selling more brands in dollar stores due to the potential for higher profit margins in certain categories.
    • The development could aid the dollar store group (DLTR, DG, FDO) which has lost some quick-stop grocery market share to convenience stores.
    | 11 Comments
  • Tue, Feb. 3, 5:44 PM
    • Dollar Tree (NASDAQ:DLTR) says it has learned the FTC is reviewing more than 500 stores as it scrutinizes its plan to acquire Family Dollar (NYSE:FDO), after previously believing that the FTC would require the divestiture of no more than ~300 stores, according to an SEC filing.
    • Despite the caution, DLTR still expects the total number of divestitures to be about 300, and hopes to reach an agreement with the FTC by the end of the month.
    • FDO shareholders approved a deal last month to be sold to DLTR, choosing regulatory certainty over a riskier but higher offer from Dollar General (NYSE:DG).
    | Comment!
  • Tue, Feb. 3, 12:17 PM
    • Retail space continues to open up as more companies look to trim their store counts or reposition themselves in front of mergers or bankruptcies.
    • In some cases, the transition is based on repositioning assets to online fulfillment centers.
    • A quick scan indicates Sears Holdings (NASDAQ:SHLD), J.C. Penney (NYSE:JCP), RadioShack (NYSE:RSH), Dollar Tree (NASDAQ:DLTR), Wet Seal (NASDAQ:WTSL), Macy's (NYSE:M), Haverty Furniture (NYSE:HVT), Bon-Ton Stores (NASDAQ:BONT), Aeropostale (NYSE:ARO), Rent-A-Center (NASDAQ:RCII), and Wolverine Worldwide (NYSE:WWW) are unloading properties.
    • Analysts have warned the flooded market could lead to some disappointing transaction prices or lease rates for the companies involved.
    • What to watch: A merger between Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP) or a major retooling from Best Buy (NYSE:BBY) this year could add to the tally.
    | 19 Comments
  • Tue, Jan. 27, 6:50 AM
    • Trian Fund Management cuts its stake in Family Dollar (NYSE:FDO) to 2.07% from 7.3% after selling close to 6M shares.
    • Last week, Family Dollar shareholders approved the $8.5B sale of the company to Dollar Tree (NASDAQ:DLTR).
    • SEC Form 13D
    | Comment!
  • Thu, Jan. 22, 9:38 AM
    • Shareholders with Family Dollar (NYSE:FDO) have approved the merger offer from Dollar Tree (DLTR +1.8%) as expected.
    • 74% of shareholders approved the merger of the discounters.
    • FDO trades at $76.20 vs. the buyout price of $74.50.
    • Shares of Dollar General (NYSE:DG) are taking the news well, up 2.4% in early trading.
    | 3 Comments
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Company Description
Dollar Tree Stores Inc is a operator of discount variety stores offering merchandise at the fixed price of $1.00. At January 31, 2015, the Company operated 5,367 discount variety retail stores.