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May 23, 2015 12:24 AM ET

Multiline Retail

Company Overview of Dollar Tree, Inc.

Company Overview

Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which includes candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that include toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Tree Canad...

500 Volvo Parkway

Chesapeake, VA 23320

United States

Founded in 1986

18,100 Employees

Phone:

757-321-5000

Key Executives for Dollar Tree, Inc.

Chief Executive Officer and Director
Age: 62
Total Annual Compensation: $1.5M
President and Chief Operating Officer
Age: 57
Total Annual Compensation: $830.8K
Chief Financial Officer and Principal Accounting Officer
Age: 51
Total Annual Compensation: $570.2K
Chief Merchandising Officer
Age: 63
Total Annual Compensation: $656.2K
Chief Administrative Officer
Age: 47
Total Annual Compensation: $483.1K
Compensation as of Fiscal Year 2014.

Dollar Tree, Inc. Key Developments

Dollar Tree, Inc. Plans to Open 400 New Stores in 2015

Dollar Tree, Inc. announced that it is on track with plan for fiscal 2015, which includes 400 new stores and 75 relocations and expansion for a total of 475 projects across the U.S. and Canada.

Dollar Tree, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for Full Year of 2015

Dollar Tree, Inc. reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the period, the company reported net sales increased 8.8% to $2.176 billion from $2.003 billion in the prior year’s first quarter. Consolidated same-store sales increased 3.4% on a constant currency basis, compared to a 2.0% increase in the prior-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 3.1%. Operating income was $232.8 million, compared to $231.9 million for the last year. Income before income taxes was $113.2 million, compared to $223.8 million for the last year. Net income, compared to the prior year's first quarter, including acquisition-related costs, was $69.5 million or $0.34 per diluted share, against $138.3 million or $0.67 per diluted share a year ago. Excluding acquisition-related costs, net income increased approximately $8.0 million to $146.3 million and diluted earnings per share increased 6% to $0.71. Net cash provided by operating activities was $129.8 million, compared to $198.2 million for the last year. Capital expenditures were $66.9 million, compared to $71.9 million for the last year. Adjusted operating income was $243.2 million and adjusted income before income taxes was $237.6 million. The company estimates consolidated net sales for the second quarter of 2015 to range from $2.17 billion to $2.23 billion, based on a low to low-mid single-digit increase in same-store sales and 8.0% square footage growth. Diluted earnings per share, excluding acquisition-related costs, are expected to range from $0.63 to $0.68. The sales range implies a low to low mid-single digit comparable store sales increase and 8% square footage growth. Additionally, the company has not included any acquisition-related costs in its second quarter outlook as it cannot currently forecast the timing of when these costs will be incurred. The company’s guidance also assumes a tax rate of 38.3% for the second quarter Consolidated net sales for full-year 2015 are now expected to range from $9.24 billion to $9.42 billion compared to the company’s previous expected range of $9.21 billion to $9.45 billion. This estimate is based on a low to low-mid single-digit increase in same-store sales, and 7.3% square footage growth. Adjusted for its first quarter results, outlook for the remainder of the year remains unchanged from the company’s original 2015 guidance. The company now anticipates net income per diluted share for full-year 2015, excluding acquisition-related costs, will range from $3.32 to $3.47. This compares to its previous guidance, excluding acquisition-related costs, of $3.30 to $3.50. For 2015, the company expects depreciation and amortization to range from $215 million to $225 million. The company's guidance for 2015 takes into account the actual performance in the first quarter, and except for small refinements to the share count and the tax rate, is unchanged from that which it has issued on February 26. The company’s guidance also assumes a tax rate of 38.1% for the full year.

Dollar Tree, Inc. expected to report Q1 2016 results on May 21, 2015. This event was calculated by Capital IQ (Created on May 15, 2015).

Dollar Tree, Inc. expected to report Q1 2016 results on May 21, 2015. This event was calculated by Capital IQ (Created on May 15, 2015).

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