Last $54.22 USD
Change Today -0.73 / -1.33%
Volume 793.2K
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As of 5:20 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

dollar tree inc (DLTR) Key Developments

Dollar Tree, Inc. Announces Executive Changes

Dollar Tree, Inc. announced that, effective July 14, 2014, Randy Guiler has joined Dollar Tree as Vice President, Investor Relations. Mr. Guiler will succeed Timothy Reid, who is retiring. Mr. Guiler is joining Dollar Tree, Inc. after nearly fifteen years with Tractor Supply Company, including leading Tractor Supply's investor relations efforts for the past ten years.

Dollar Tree Stores Inc. Faces Fine from The Federal Occupational Safety and Health Administration

Dollar Tree Stores Inc. faces a $177,800 fine from the federal Occupational Safety and Health Administration after investigators who repeatedly visited a Roslindale Store found what the agency called the dangers of blocked exits and hazardous conditions in the store's stockroom.

Dollar Tree, Inc. Plans to Open 375 New Stores in 2014

Dollar Tree, Inc. announced that it plans to open 375 new stores this year and 75 relocations, so 450 projects across the U.S. and Canada. The company recently broke ground on a 250,000-square foot expansion of distribution center in Joliet, Illinois. This project will bring the total size of the facility to 1,450,000 square feet, an increase of 21%. The project is scheduled for completion by year end.

Dollar Tree, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 3, 2014; Provides Earnings Guidance for the Second Quarter and Full Year 2014

Dollar Tree, Inc. reported unaudited consolidated earnings results for the first quarter ended May 3, 2014. For the period, the company reported net sales of $2,000.3 million, compared to $1,865.8 million a year ago. Consolidated comparable store sales increased 2.0% on a constant currency basis. Adjusted for the impact of Canadian currency fluctuations, the comparable-store sales increase was 1.9%. Operating income was $231.9 million, compared to $216.6 million for the last year. Income before income taxes was $223.8 million, compared to $215.6 million for the last year. Net income was $138.3 million, compared to $133.5 million for the last year. Net earnings per diluted share were $0.67 compared to $0.59 a year ago. Net cash provided by operating activities was $198.2 million, compared to $129.3 million for the last year. Capital expenditures were $71.9 million, compared to $103.2 million for the last year. First quarter sales grew as the result of increases in both traffic and average ticket with discretionary business growing slightly faster than consumables. The company estimates sales for the second quarter of 2014 to be in the range of $1.97 billion to $2.02 billion, based on low-single digit positive comparable store sales. Diluted earnings per share are estimated to be in the range of $0.58 to $0.64. The company’s guidance also assumes a tax rate of 38.4% for the second quarter. Full year 2014 sales are now estimated to be in the range of $8.37 billion to $8.54 billion. This estimate is based on a range of low-single digit positive comparable store sales. Fiscal year 2014 diluted earnings per share are expected to be $2.94 to $3.12. These estimates assume no impact from potential additional share repurchase activity in 2014. For the full year 2014, the company is planning consolidated capital expenditures to be in the range of $350 million to $360 million. The company expects depreciation expense to be in the range of $200 million to $210 million for the year. The company’s guidance also assumes a tax rate of 38.3% for the full year.

Dollar Tree, Inc., Annual General Meeting, Jun 19, 2014

Dollar Tree, Inc., Annual General Meeting, Jun 19, 2014., at 10:00 US Eastern Standard Time. Location: The Founders Inn, 5641 Indian River Road. Agenda: To elect eleven director nominees to the company's board of directors each to serve as a director for a one-year term; to approve, by a non-binding advisory vote, the compensation of the company's named executive officers; to ratify the selection of KPMG LLP as the company's independent registered public accounting firm for the fiscal year 2014; to vote on a shareholder proposal to implement a majority vote standard in uncontested director elections; and to act upon any other business that may properly come before the meeting.

 

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Price/Sales 1.4x
Price/Book 8.6x
Price/Cash Flow 18.9x
TEV/Sales 1.3x
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