Reported 4 months ago
Shares of Dollar Tree (DLTR) are down as the company reveals plans to investigate a potential sale or spin-off of Family Dollar due to weaker demand, along with the closure of 150 Family Dollar locations by the end of 2024. The move is part of a comprehensive portfolio review for Family Dollar, including around 970 transformational store closures. Analysts note decent margin performance in Q1 but express concerns about EPS forecast cuts due to tornado damage, posing questions about similar reports from other companies.
Source: YAHOO