Jeffrey A. Davis
Jeffrey A. Davis will continue in his current role as Chief Financial Officer through the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025 and until Mr. Glendinning assumes the role.
Highest-materiality recent filing
Dollar Tree Q1 net sales +7.2%, comp +3.5%, adj EPS $1.74 (+38%), raises FY guidance
Net sales $5.0B (+7.2%), comparable store sales +3.5%, operating income margin +120 bps.
Dollar Tree Q4 EPS $2.56, up 37.8%; guides FY2026 adj. EPS $6.50-$6.90
Q4 net sales $5.5B (+9.0% YoY), comp sales +5.0%; diluted EPS $2.56 (+37.8%).
Dollar Tree Q3 EPS $1.20, same-store sales +4.2%; raises FY2025 adjusted EPS guidance to $5.60-5.80
Q3 net sales $4.7B (+9.4% YoY); Dollar Tree same-store sales +4.2%.
Dollar Tree increases commercial paper program max from $1.5B to $2.5B through March 2026
Commercial paper program size increased from $1.5B to $2.5B outstanding at any time.
Dollar Tree targets 12-15% EPS CAGR for FY2026-2028; reaffirms FY2025 outlook
Reaffirms Q3 and FY2025 outlook; Q3-to-date comparable store sales +3.8%, repurchased 2.8M shares for $271M.
Dollar Tree Q2: same-store sales +6.5%, adj. EPS $0.77; FY sales forecast raised to $19.3-19.5B
Q2 net sales $4.6B (+12.3% YoY); Dollar Tree same-store sales +6.5% on +3.0% traffic and +3.4% ticket.
Dollar Tree Board authorizes $2.5B share repurchase program
Board approved new $2.5B share repurchase authorization, replacing prior program with $0.45B remaining.
Dollar Tree completes sale of Family Dollar for $1.0075B cash; net proceeds ~$800M
Base purchase price of $1,007.5M cash from Brigade Capital Management and Macellum Capital Management.
Dollar Tree completes sale of Family Dollar to 1959 Holdings for ~$1.008B cash, net proceeds ~$800M
Base purchase price $1,007.5M cash; net proceeds estimated at ~$800M ($665M at closing + $135M from working capital monetization).
Dollar Tree Q1 EPS $1.47, same-store sales +5.4%, Family Dollar sale on track
Net sales $4.6B (+11.3% YoY); operating income $384M (+0.6%); diluted EPS $1.47 (+19.5%).
Dollar Tree agrees to sell Family Dollar for $1.0075B in cash to Brigade Capital-backed buyer
Purchase price: $1.0075B cash, subject to working capital and other adjustments.
Dollar Tree enters $1.5B revolver and $1B 364-day facility, terminates prior credit agreement
New 5-year $1,500M revolving credit facility with $350M LC sublimit, maturing March 21, 2030.
Dollar Tree sells Family Dollar for $1.007B; Q4 adjusted EPS $2.11 from continuing ops
Sale of Family Dollar to Brigade/Macellum for $1,007M; net proceeds ~$804M; expected close in Q2 2025.
Dollar Tree appoints Stewart Glendinning as CFO effective March 30, 2025
Stewart Glendinning, 59, appointed CFO; succeeds Jeff Davis who steps down after 10-K filing.
Dollar Tree appoints Michael Creedon as CEO; base salary $1.3M, target incentive 150%, LTI $9M
Base salary increased to $1.3M; target annual incentive at 150% of base salary.
Family Dollar CMO Lawrence Gatta to step down at fiscal year-end 2024
Lawrence Gatta, Jr. stepping down as Chief Merchandising Officer—Family Dollar around end of FY 2024.
Dollar Tree appoints Michael Creedon as permanent CEO, effective immediately
Michael Creedon appointed permanent CEO effective immediately; had been interim CEO since November 3, 2024.
Dollar Tree Q3 EPS $1.08; sales up 3.5%; CFO Jeff Davis to step down
Q3 net sales $7.56B (+3.5%); same-store sales: Dollar Tree +1.8%, Family Dollar +1.9%.
Dollar Tree promotes Schumacher to EVP CPO; names Konrad and Nordin to store leadership roles
Steve Schumacher promoted to EVP and Chief People Officer, effective immediately.
Dollar Tree CEO Rick Dreiling steps down; COO Creedon named interim; reaffirms Q3 outlook
CEO Rick Dreiling resigned effective Nov 3 due to health issues; Interim CEO Michael Creedon appointed.
Dollar Tree Q2 adjusted EPS $0.67 below midpoint; FY2024 guide cut to $5.20-$5.60
Q2 consolidated net sales $7.37B, up 0.7%; same-store sales: Dollar Tree +1.3%, Family Dollar -0.1%.
Dollar Tree Q1 EPS $1.38; reviews strategic alternatives for Family Dollar
Q1 net sales $7.63B (+4.2% YoY); enterprise same-store sales +1.0% (Dollar Tree +1.7%, Family Dollar +0.1%).
Dollar Tree's Marietta, OK DC hit by tornado; no injuries, insurance expected to cover damages
No injuries among 456 associates at Marietta distribution center; company providing recovery support.
GAAP diluted loss per share of $7.85 includes $594M portfolio optimization charge, $1.07B goodwill impairment, and $950M trade name impairment.
Family Dollar pleads guilty to misdemeanor, pays $41.7M to resolve DOJ rodent investigation
Family Dollar pleads guilty to one count misdemeanor for adulterating FDA-regulated products at West Memphis, AR distribution center.
Dollar Tree Q3 net sales $7.31B (+5.4%), EPS $0.97 (-19%); guides FY net sales $30.5-$30.7B
Diluted EPS $0.97 vs $1.20 prior year (-19.2%); includes $0.05 recall costs.
Jeffrey A. Davis will continue in his current role as Chief Financial Officer through the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025 and until Mr. Glendinning assumes the role.
On March 4, 2025, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Stewart Glendinning, age 59, as Chief Financial Officer of the Company, effective March 30, 2025.
On February 27, 2025, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr., William W. Douglas III and Timothy A. Johnson as directors of the Company, effective immediately.
On February 27, 2025, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr., William W. Douglas III and Timothy A. Johnson as directors of the Company, effective immediately.
On February 27, 2025, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr., William W. Douglas III and Timothy A. Johnson as directors of the Company, effective immediately.
the appointment of Michael C. Creedon, Jr. as Chief Executive Officer of the Company.
Dollar Tree, Inc. (the “Company”) and Lawrence Gatta, Jr. have agreed that Mr. Gatta will step down from his role as Chief Merchandising Officer—Family Dollar on or about the end of the Company’s fiscal year 2024.
Effective on November 3, 2024, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr. as interim Chief Executive Officer of the Company.
As interim Chief Executive Officer, Mr. Creedon succeeds Richard W. Dreiling, whose separation from the Company and resignation as a director was effective November 3, 2024.
Mr. Maheshwari replaces Kathleen E. Mallas, who resigned as the Company’s principal accounting officer in May 2023.
On September 5, 2023, Dollar Tree, Inc. (the “Company”) appointed Aditya Maheshwari, age 49, as Senior Vice President and Chief Accounting Officer of the Company.
On August 15, 2023, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Diane Randolph as a director of the Company, effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event other