Dollar Tree Inc (NASDAQ: DLTR) Q4 2020 earnings call dated Mar. 3k followers. Forward-looking statements include, without limitation, statements preceded by, followed by or including words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”, “should”, “predict”, “possible”, “potential”, “continue”, “strategy”,” and similar expressions. For example, our forward-looking statements include statements regarding our expectations regarding new store openings and capital expenditures for fiscal 2020; our plans and expectations concerning various store format initiatives, including Family Dollar H2 renovations; the expansion of our Dollar Tree Plus! The accelerated rent expense net of the rent foregone as a result of the embedded lease impairment was $6.7 million and this amount will be excluded in calculating the Company's compliance with its debt covenants, which requires reporting in accordance with GAAP as of the date of the Credit Agreement. (In millions, except per share data) ), when compared to the prior year period. Order Documents; E-mail Alerts ; Transfer Agent; Download Library; RSS Feeds; Press Releases Category: Year: Summary Toggle Dollar Tree, Inc. Reports Results for the Fourth Quarter and Fiscal Year 2020. Major modifications, based on learnings, have included: transitioning the offering from consumable products to primarily discretionary items; reengineering the display elements and signage to drive awareness and excitement in stores; focusing on the $1, $3 and $5 price points; and increasing the offerings above the $1 price point. Dollar Tree same-store sales increased 2.2%. Current portion of operating lease liabilities, Long-term debt, net, excluding current portion, Total liabilities and shareholders' equity, Adjustments to reconcile net income to net cash provided by, Amortization of debt discount and debt-issuance costs, Changes in operating assets and liabilities, Net cash provided by operating activities, Proceeds from stock issued pursuant to stock-based compensation plans, Cash paid for taxes on exercises/vesting of stock-based compensation, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period. The H2 renovation program at Family Dollar continues to be a key component of the momentum in the turnaround. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so. Janet Mann. There is continued opportunity to renovate older Family Dollar stores. Keep an eye out, I found Red Truck Ribbon, Velvet pumpkins, “Gather” plaques and lots lots more! The first 1000 people to use the link will get a free trial of Skillshare Premium Membership: https://skl.sh/doitonadime10201Hey, guys! Feb 24, 2021 - Explore Bonnie's board "dollar tree diy", followed by 184 people on Pinterest. In the fiscal 2020 first half, Dollar General opened 500 new stores, remodeled 973 stores and relocated 43 stores. News > Retail & Financial Dollar General, Dollar Tree stay on expansion track The Company has included a reconciliation of this information to the most comparable GAAP measures in the following tables. Aug 5, 2020 - This is a really long video. “We have a unique and transformational opportunity to leverage the power of our two brands, through flexible store formats designed to drive improved operational performance.”, Update on Company Outlook, Initiatives and Liquidity. Dollar Tree NEW SPRING 2020. Dollar Tree NEW SPRING 2020 - YouTube. 2016-02, "Leases (Topic 842)" and subsequent amendments ("ASC 842") which requires lessees to recognize right-of-use assets on the balance sheet. Consolidated net sales increased 8.4% to $18.74 billion from $17.30 billion in the same period last year. Operating income for the quarter improved 29.9% to $465.5 million, compared with $358.4 million in the same period last year and operating income margin was 7.5% in the current quarter, compared to 6.2% in last year’s quarter. Michael Witynski, new CEO of Dollar Tree as of June 20, 2020. Enterprise same-store sales increased 5.1%. Since acquiring Family Dollar, the Company has produced strong cash flow from operations, paid down debt aggressively, repurchased $400 million in shares, mitigated the majority of impacts from tariffs proactively, consolidated its two store support centers and realigned leadership under one executive team. The Company ended the quarter with $1.12 billion in cash on its balance sheet. During the quarter, the Company opened 112 new stores, expanded or relocated 17 stores, and closed 95 stores. Diy. 28.05.2020 - Dollar Tree, Inc. (NASDAQ: DLTR), today reported financial results for its first quarter ended May 2, 2020. Same-store sales for Family Dollar increased 6.4%. “Inspiring the creativity of our customers is at the core of, ~ Two Long-Time Directors, Thomas A. Saunders III and Carl P. Zeithaml , to Retire ~ CHESAPEAKE, Va. --(BUSINESS WIRE)--Dec. 3, 2020-- Dollar Tree, Inc. (NASDAQ: DLTR) today announced that Winnie Park has been appointed as a new independent director to the Company’s Board of Directors, effective, ~ Diluted Earnings per Share Increased 28.7% to $1.39 vs. $1.08 ~ ~ Consolidated Net Sales Increased 7.5% to $6.18 Billion ~ ~ Same-Store Sales: Enterprise +5.1%; Family Dollar +6 .4%; Dollar Tree +4.0% ~ ~ Dollar Tree Segment Operating Margin Improved 50 bps to 12.7% ~ ~ Expanding Dollar Tree. Under ASC 842, the right-of-use assets must be amortized over the remaining operating terms which resulted in the acceleration of rent expense for the stores that the Company closed in 2019. Offering to Approximately 500 Stores Beginning Spring 2021 ~. By Larry D. Croom. WHEN: Tuesday, November 24, 2020   9:00 a.m. CHESAPEAKE, Va. --(BUSINESS WIRE)--Oct. 5, 2020-- Dollar Tree, Inc. (NASDAQ: DLTR) plans to hire more than 25,000 associates for its Dollar Tree and Family Dollar stores and the Company’s U.S. distribution centers during the fifth annual Nationwide Hiring Event, from Monday, October 19 , through. In recent years, the Company has made significant progress in optimizing its portfolio of stores through new store openings, renovations, re-banners and closings. Dollar Tree same-store sales increased 4.0%. At Family Dollar, the improvement continues as the team delivered a 6.4% comparable store sales increase, a 230 basis point improvement in gross profit margin and a 250 basis point improvement in operating margin.”. The project is estimated to generate up to $20 million in tax … CHESAPEAKE, Va.--(BUSINESS WIRE)--Nov. 24, 2020-- Customers are responding favorably to the new categories and new price points. Dollar Tree. News zur DOLLAR TREE AKTIE und aktueller Realtime-Aktienkurs DOLLAR TREE, INC. - 10-K, … The openings include 325 Dollar Tree stores and 175 Family Dollar stores, a reduction of 25 planned stores for each banner. These crafts are perfect for … Hello January. Additionally, the Company plans to pay off a $300 million legacy Family Dollar note due in February 2021. A new 10,000 square-foot Dollar Tree store is coming to Liberty. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Twitter. The increase in gross margin was driven by improved merchandise costs including freight, leverage on occupancy costs from stronger same-store sales, improved shrink results and reduced markdowns, partially offset by higher distribution costs, which included $10.9 million in COVID-19-related payroll costs. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. I apologize it's so long, but sometimes it can't be helped. 10 AWESOME NEW FINDS at the Dollar Tree for November 2020!! I hope you all enjoy this video. The Company repurchased 2,154,304 shares during the quarter for $200 million. To learn more about the Company, visit www.DollarTree.com. The Company did not elect the hindsight practical expedient; therefore, the adoption also resulted in the recognition of an estimate of the embedded impairment of right-of-use assets as a reduction to Retained earnings. “The team has accomplished a great deal to get us to this stage. I love this Dollar Tree wreath so much! From time-to-time, the Company's financial results include certain financial measures not derived in accordance with generally accepted accounting principles ("GAAP"). Dec 08, 2020. Dollar Tree is preparing to become a huge player in the Marion County market. In addition, the Company's debt covenants exclude the impact of certain unusual, non-recurring expenses. Dollar Tree, a Fortune 200 Company, operated 15,288 stores across 48 states and five Canadian provinces as of February 1, 2020. Dollar Stores. In March 2019, the Company announced a store optimization program which included the closing of up to 390 under-performing stores in 2019. Mar 12, 2021 - Explore Lori Kenyon's board "Dollar Tree Crafts", followed by 223 people on Pinterest. The Company opened 143 new stores, expanded or relocated 34 stores, and closed 16 stores. Hey all you BOOs and GHOULS! Same-store sales for Family Dollar increased 11.2%. However, the Company believes providing additional information in the form of non-GAAP measures that exclude the unusual, non-recurring expenses outlined below is beneficial to the users of its financial statements in evaluating the Company's current operating results in relation to past periods. Dollar Tree stores are open seven days a week and offer great value and a broad assortment of merchandise all priced at $1 or less. ~ Diluted Earnings per Share Increased 310% to $2.13 vs. $0.52 ~ ~ Consolidated Net Sales Increased 7.2% to $6.77 Billion ~ ~ Same-Store Sales: Enterprise +4.9%; Family Dollar +8 .1%; Dollar Tree +2.4% ~ ~ Introduces Combination Store Concept, Comprised of Both Brands, to Serve Small Towns ~ ~. May 21, 2020 May 24, 2020 Editor . A webcast of the call is accessible through Dollar Tree's website and will remain online through Monday, November 30, 2020. Customers discover new treasures every week … Dollar Tree, a Fortune 200 Company, operated 15,606 stores across 48 states and five Canadian provinces as of October 31, 2020. CHESAPEAKE, Va. --(BUSINESS WIRE)--Sep. 3, 2020-- Dollar Tree, Inc. (NASDAQ: DLTR), celebrated the grand opening of its 25 th   U.S. distribution center in Rosenberg, Texas yesterday with a small ceremony. ~ Diluted Earnings per Share Increased 28.7% to $1.39 vs. $1.08 ~, ~ Consolidated Net Sales Increased 7.5% to $6.18 Billion ~, ~ Same-Store Sales: Enterprise +5.1%; Family Dollar +6.4%; Dollar Tree +4.0% ~, ~ Dollar Tree Segment Operating Margin Improved 50 bps to 12.7% ~, ~ Expanding Dollar Tree Plus! The Company continues to expect the completion of 500 new store openings (consisting of 325 Dollar Tree and 175 Family Dollar) and 750 Family Dollar H2 store renovations in fiscal 2020. January 10, 2020. 03, 2021. Dollar Tree, which owns both Dollar Tree and Family Dollar, said it still expects to open 500 new stores in fiscal 2020, although this is a drop from its original plan of 550 openings. The store is being built at 2914 N. Main Street near Walmart and is scheduled to open in April 2021. CHESAPEAKE, Va. --(BUSINESS WIRE)--Feb. 17, 2021-- Dollar Tree, Inc. (NASDAQ: DLTR), will host its conference call for investors and analysts to discuss financial results for the fourth quarter ended January 30, 2021 . December 31, 2020. Most Recent Articles . Farmhouse. Additionally, for more than a year, Dollar Tree has tested a multi-price initiative referred to as Dollar Tree Plus! Posted by jnevins On November 07, 2020 0 Comment *NEW* DOLLAR TREE DIY Christmas Decor Ideas 2020 . 10 top trends in the supermarket meat aisle in 2020 . We are just over three weeks into our important fourth quarter and we are off to a very good start, with same-store sales at both banners currently tracking above reported third quarter levels. These actions enhance the Company’s ability and flexibility to better leverage the two powerful brands to drive improved productivity, efficiencies and returns. Dollar General, the retail powerhouse known for its rock-bottom prices, is opening a new store aimed at higher-end suburban shoppers. The Dollar Tree in Quincy is closing June 14 — no not because of coronavirus. View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005567/en/, Dollar Tree, Inc.Randy Guiler, 757-321-5284 Dollar Tree, Inc. (NASDAQ: DLTR), today reported financial results for its first quarter ended May 2, 2020. Dollar Tree Decor. “I am incredibly proud of our team’s efforts to continue serving customers effectively, while driving operational improvements in both banners through this dynamic retail environment,” stated Mike Witynski, President and Chief Executive Officer. initiative; our plan to pay off certain legacy Family Dollar debt; and our other plans, objectives, expectations (financial and otherwise) and intentions. Net income compared to the prior year period improved 19.2% to $839.1 million and diluted earnings per share increased 19.7% to $3.53 compared to $2.95 in the prior year period. ~ CHESAPEAKE, Va. --(BUSINESS WIRE)--Feb. 15, 2021-- Dollar Tree, Inc. (NASDAQ: DLTR), along with financial contributions from its associates through its inaugural ‘Choose to Give’ workplace, CHESAPEAKE, Va. --(BUSINESS WIRE)--Feb. 1, 2021-- Dollar Tree, Inc. (NASDAQ: DLTR) today announced that its expanded Crafter’s Square offering is now available in all U.S.   Dollar Tree stores and online at www.DollarTree.com/Crafts . The Company will be expanding this initiative into a total of approximately 500 stores beginning in the spring of 2021. Spring Crafts. Dollar Tree, a Fortune 200 Company, operated 15,606 stores across 48 states and five Canadian provinces as of October 31, 2020. A rendering of a combination Dollar Tree-Family Dollar store, which Dollar Tree began rolling out in rural communities in 2020. As of October 31, 2020, the Company has approximately 2,240 Family Dollar stores in the H2 format. (b) Stores are included as re-banners when they close or open, respectively. 1w. The combination of Dollar Tree and Family Dollar provides the Company more opportunities to better serve more customers in more ways, and in more locations across the country. Dollar Tree and its customers continue support of Operation Homefront’s Holiday Toy Drive for 14 th year SAN ANTONIO --(BUSINESS WIRE)--Nov. 12, 2020-- For the 14th consecutive year, Dollar Tree customers can purchase holiday toys for military children across the country. The current year includes $28.7 million, or 0.2% of net sales, in COVID-19 costs. More information. A recorded version of the call will be available until midnight Monday, November 30, 2020, and may be accessed by dialing 888-203-1112. Deal Mama | Dollar Tree Deals and Coupons Blog dealmama.com. The Company paid down the remaining $500 million on its revolving line of credit during the third quarter. Dollar Tree profits a billion or more dollars each year. Vice President, Investor Relations Tags. The telephone number for the call is 855-710-4184. Capital expenditures for fiscal 2020 are expected to be approximately $1.0 billion. Sharing 30 Dollar Tree DIY Halloween projects for 2020, using Dollar Tree haul items. I'm Vera and I publish DealMama.com, a frugal, coupon and deal blog I learned to … People also love these ideas . *NEW* Dollar Tree Fall Decorations 2020 Fall Decorations galore, All things Fall are starting to hit the sales floor at your local Dollar Tree. “It’s an exciting time at Dollar Tree. Dollar Tree Haul. On February 3, 2019, the Company adopted Financial Accounting Standards Board Accounting Standards Update No. For off across your first five Green Chef boxes, go to https://GreenChef.us/JAYDIY90 and enter code JAYDIY90 5 NEW Dollar Tree DIY Christmas Decor Craft Ideas! With one consolidated store support center; a strong balance sheet; an aligned, energized and focused leadership team; and a full staff of talented retailers, we believe we have the ability to better serve customers across North America,” Witynski added. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. Come with me to the Dollar tree to see these 10 new finds that I think your going to LOVE!! Operating income margin increased 50 basis points to 6.4% of net sales in the current year period from 5.9% of net sales in the prior year. The H2 stores, on average, continue to comp at a 10%+ lift vs. non-renovated stores in their first year. DOLLAR TREE, INC.Reconciliation of Non-GAAP Financial Measures Selling, general and administrative expenses were 23.7% of net sales, compared to 23.5% of net sales in the prior year's third quarter. The third quarter of 2020 included total incremental operating costs of $46.3 million, or $0.15 per diluted share, for COVID-19-related expenses. I'm astounded how a multi-billion dollar company can't give its own employees full-time work. The Company now expects the completion of approximately 480 new store openings and 750 Family Dollar H2 store renovations in fiscal 2020. FREE Dentalife Dog Treats at Dollar Tree! Fiscal 2020 included $36.3 million, or 15 basis points, related to COVID-19 costs. A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains "forward-looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Gross profit increased 10.6% to $7.79 billion. Operating income for the period improved 19.1% to $1.21 billion. CHESAPEAKE, Va. --(BUSINESS WIRE)--Nov. 10, 2020-- Dollar Tree, Inc. (NASDAQ: DLTR), will host its conference call for investors and analysts to discuss financial results for the third quarter ended October 31, 2020 . Selling, general and administrative expenses were 23.7% of net sales, compared to 23.5% of net sales in the first nine months of 2019. As a percentage of net sales, gross margin improved 70 basis points to 30.1%, compared to 29.4% in the prior year period. Facebook. Shop online for bulk Dollar Tree products, perfect for restaurants, businesses, schools, churches, party planners & anyone looking for quality supplies in bulk. “These efforts are designed to deliver continued value to our long-term shareholders.”. Since then, DLTR stock has increased by 29.2% and is now trading at $108.12. Dollar Tree's stock was trading at $83.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Sharing a brand new Dollar Tree Haul full of new finds, Halloween favorites and new Christmas items for 2020! WHEN: Wednesday, March 3, 2021 9:00 a.m. ~ The Company also facilitated fundraising activities through vendor partner gifts and customer donations. In mid-2019, the Company began testing multi-price assortments in more than 100 stores in southwestern markets. Additionally, the Company completed 371 renovations to the Family Dollar H2 format. Our focus will continue to be on opening new stores, refining our store formats and upgrading our assortments to drive improved store productivity, increasing operating efficiencies, generating free cash flow and buying back shares,” Witynski concluded. 2d. Enterprise same-store sales increased 6.5% on a constant currency basis (or 6.4% when adjusted to include the impact of Canadian currency fluctuations. Latest 2020 news articles, blog posts & updates from industry experts. These statements are subject to risks and uncertainties. Holiday Crafts. Dec 22, 2020. Gross profit for the first nine months increased 10.9% to $5.64 billion. “Dollar Tree delivered its strongest same-store sales performance in the past ten quarters, along with a 50 basis point improvement in operating margin. Gross margin improved 70 basis points to 30.5%, compared to 29.8% in the prior year. Consolidated net sales increased 7.5% to $6.18 billion from $5.75 billion in the prior year’s third quarter. Basically, what that means is that after factoring expenses (such as wages, cost of goods, etc. On Tuesday, November 24, 2020, the Company will host a conference call to discuss its earnings results at 9:00 a.m. Eastern Time. Due to continued volatility and uncertainty related to the COVID-19 pandemic, as well as a lack of visibility into government stimulus initiatives, the Company is not providing updated guidance at this time. Easter. www.DollarTree.com, Dollar Tree, Inc. Reports Results for the Third Quarter Fiscal 2020, https://www.businesswire.com/news/home/20201124005567/en/, Selling, general and administrative expenses. These incremental costs by segment were $147.4 million for Dollar Tree, $104.9 million for Family Dollar and $2.0 million for Corporate, Support and Other. See more ideas about dollar tree diy, dollar tree crafts, dollar store diy. The decision had been made earlier this year, apparently by the corporate office, though Plumas News has been unsuccessful in tracking down a reason. View recent articles in Dollar Tree News . That’s because the company is preparing to build a 1.7-million-square-foot distribution center on 198 acres at the new Florida Crossroads Commerce Park, located in Ocala off County Road 484 near Interstate 75. The Company currently plans to renovate approximately 1,250 Family Dollar stores in 2021. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 20, 2020, our Form 10-Q for the most recently ended fiscal quarter and other filings we make from time to time with the Securities and Exchange Commission. Sell through on seasonal items has been exceptional. Additionally, ... March 10, 2020. The access code is 2631833. Dollar Tree same-store sales increased 2.1%. (a) Corporate, support and Other revenue consists of rental income from our Summit Pointe property. Non-GAAP financial measures should not be used as a substitute for GAAP financial measures, or considered in isolation, for the purposes of analyzing operating performance, financial position or cash flows. (Unaudited). *NEW* DOLLAR TREE DIY Christmas Decor Ideas 2020. The increase was driven by COVID-19 costs of $35.3 million, or 57 basis points, related to frontline associate wage premiums, field management bonuses and store cleaning/PPE supplies. Net income was $330.0 million in the third quarter and diluted earnings per share for the quarter increased 28.7% to $1.39, compared to $1.08 per share in the prior year’s quarter. Press Releases; Events & Webcasts; Corporate Governance; Frequently Asked Questions; Shareholder Tools. Capital expenditures for fiscal 2020 are expected to be approximately $1.0 billion. Gross margin increased 150 basis points to 31.2%, compared to 29.7% in the prior year’s quarter. Retail selling square footage at quarter end was approximately 124.3 million square feet. Find this Pin and more on Rebecca, Stu & Crew by Janet Mann. FREE Airborne Immune Support Supplement at Dollar Tree! Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. Gross profit increased 12.9% to $1.92 billion in the quarter compared to the prior year’s third quarter. Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its third quarter ended October 31, 2020. It will be something like a Dollar Tree with higher-quality, higher-priced products, or a Five Below that you enter without looking for anything in particular, but end up exiting with bags full of goodies, most costing no more than $5 (unless, Dollar General says, it’s an “extreme value item priced above $5,” which will also sound very familiar lately to Five Below shoppers.) News & Events. The Company also recently started shipping product from its 26 th   U.S. Dollar Tree, Inc. Reports Results for the Fourth Quarter and Fiscal Year 2020, Dollar Tree, Inc. to Host Fourth Quarter Earnings Conference Call, Dollar Tree and Family Dollar Donated $2.7 Million to Charitable Partners in 2020, Expanded Crafter’s Square® Offering Now Available in All U.S. Dollar Tree Stores, Dollar Tree Appoints Winnie Park to Its Board of Directors, Dollar Tree, Inc. Reports Results for the Third Quarter Fiscal 2020, Operation Homefront and Dollar Tree to Wrap Up 2020 by Bringing Holiday Joy to Military Children, Dollar Tree, Inc. to Host Third Quarter Earnings Conference Call, Dollar Tree & Family Dollar to Hire More Than 25,000 Associates During Nationwide Hiring Week, October 19-23, Dollar Tree Announces the Opening of Its 25th and 26th U.S. Distribution Centers. Our long-term shareholders. ” and Dollar Tree has tested a multi-price initiative referred as! Year, Dollar Tree crafts, Dollar Tree has tested a multi-price initiative referred as... 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