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Aaron McDade
Wed, Mar 26, 2025, 3:54 AM 1 min read
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David Paul Morris / Bloomberg via Getty Images
Shares of Dollar Tree (DLTR) surged astir 7% successful premarket trading Wednesday aft the discount retailer reached a woody to merchantability its Family Dollar marque to a brace of private-equity firms for $1 billion.
Dollar Tree said it volition merchantability Family Dollar to Brigade Capital Management and Macellum Capital Management, with the woody "anticipated to adjacent aboriginal successful the 2nd quarter," it said. In its quarterly net study besides released Wednesday morning, Dollar Tree estimated the woody would make conscionable implicit $800 cardinal successful nett proceeds.
Dollar Tree acquired Family Dollar successful 2014 for conscionable implicit $9 billion. Last March, Dollar Tree announced plans to adjacent astir 1,000 underperforming stores, and successful June said it was launching a reappraisal of whether it should merchantability oregon rotation disconnected the Family Dollar brand.
Excluding Family Dollar's results, the discount retailer reported adjusted net per stock (EPS) of $2.11 connected gross of $5.0 billion, portion same-store income roseate by 2%.
For 2025, Dollar Tree expects income of $18.5 cardinal to $19.1 billion, with same-store income maturation of 3% to 5% and adjusted EPS of $5.00 to $5.50.
Dollar Tree shares entered the time down astir 47% implicit the past 12 months.
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