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Dollar Tree Inc. has announced the sale of its struggling Family Dollar business for $1 billion to investment firms Brigade Capital Management and Macellum Capital Management. Dollar Tree Inc.'s stock climbed 3.4% early Wednesday to lead S&P 500 premarket gainers, however, at 9:08 am pre-market, it was up by only 0.55%.
Dollar Tree Inc (NASDAQ: DLTR) is inching up this morning after confirming the sale of “Family Dollar” that has long been a burden on its overall financials. The discount retailer reported a wider-than-expected loss for its fiscal Q4 today, but investors are focusing more on the Family Dollar news.
Jim Cramer discusses Dollar Tree's plan to sell Family Dollar business to private equity firms for $1 billion.
Jenny Horne doesn't mince words when it comes to Dollar Tree's (DLTR) earnings, calling the report "terrible." The company will also sell Family Dollar for just over $1 billion.
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A decade after acquiring Family Dollar for more than $8 billion, Dollar Tree is selling the chain. A pair of private equity groups will acquire Family Dollar for $1 billion, according to a Wednesday (March 26) press release.
Dollar Tree, Inc. (NASDAQ:DLTR) announced it will sell its struggling Family Dollar chain to private equity firms Brigade Capital Management and Macellum Capital Management for $1 billion, a fraction of the $9 billion it paid for the discount retailer in 2015. The deal, expected to close next quarter pending regulatory approval, marks the end of Dollar Tree's attempt to integrate Family Dollar, which has struggled with messy stores, high prices, and stiff competition from Dollar General (DG.N) and Walmart (WMT.N).
Dollar Tree (DLTR) came out with quarterly earnings of $2.11 per share, missing the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.55 per share a year ago.
Karen Short, Head of Consumer Research at Melius, discusses Dollar Tree's sale of Family Dollar, its impact on earnings, and consumer trends. She highlights tariff risks and potential stock upside.
Shares of Dollar Tree (DLTR) surged nearly 7% in premarket trading Wednesday after the discount retailer reached a deal to sell its Family Dollar brand to a pair of private-equity firms for $1 billion.