Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment.
FILE - A Dollar Tree store logo is shown on Wednesday, May 11, 2022, in Jackson, Miss. Discount retailer Dollar Tree says its looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment. Dollar Tree said Wednesday that alternatives also include a spin off or other disposition of the business. Dollar Tree acquired Family Dollar nearly a decade ago for more than $8 billion after a bidding war with rival Dollar General.
Dollar Tree said that it doesn't have a set deadline or timetable for completing its review of strategic alternatives. The transfer of designation rights for 170 locations in Texas, Arizona, Nevada and California, along with some of the furniture, equipment and fixtures inside, was approved by the U.S. Bankruptcy Court for the District of Delaware.
For the second quarter, Dollar Tree anticipates earnings in a range of $1 to $1.10 per share with revenue of $7.3 billion to $7.6 billion. Analysts polled by FactSet predict earnings of $1.19 per share on revenue of $7.59 billion.
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