Dollar Tree (DLTR) posts weak Q4 earnings, plans to close 970 stores; shares dip
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Dollar Tree, Inc. Reports Results for the Fourth Quarter Fiscal 2023
March 13, 2024 6:30 AM EDTSame-Store Net Sales: Dollar Tree +6.3%; Family Dollar -1.2%; Enterprise +3.0% Comparable Transaction Count: Dollar Tree +7.1%; Family Dollar +0.7% Diluted Loss per Share of $7.85 Results Include a $594.4 Million Charge for Portfolio Optimization Review, a $1.07 Billion Goodwill Impairment Charge, and a $950 Million Trade Name Intangible Asset Impairment Charge. Adjusted Earnings per Share (EPS) of $2.55, Including $0.17 of Costs Primarily Related to General Liability Claims. Quarter and Annual Results Reflect Extra Week as Fiscal 2023 was a 53-Week Year. Portfolio Optimization Review Identifies Approximately 600 Family Dollar Stores for Closure in... More
