Reported 4 months ago
Discount retailer Dollar Tree is exploring strategic options for its Family Dollar segment, including a possible sale. Dollar Tree acquired Family Dollar for over $8 billion nearly a decade ago but faced challenges integrating it into its business and recently announced the closure of around 1,000 stores, most being Family Dollar locations. Despite not having a specific deadline, Dollar Tree is reviewing alternatives which might include a spinoff or other disposition. The company also revealed its first-quarter financial results, with earnings meeting analyst expectations, and anticipates earnings ranging from $1 to $1.10 per share for the second quarter.
Source: YAHOO