Dollar Tree news

07 December 2019
Both Dollar General and Dollar Tree have reported strong Q3 results, with Dollar General exceeding expectations. Dollar General to open 1,000 new stores in 2020 Dollar General has announced plans to open 1,000 new stores in 2020 and complete 1,500 store remodels. This will be an increase from 2019, where it is expected to open 975 new stores and complete 1,000 remodels by the end of the yea...
30 August 2019
We look at the second quarter results from Dollar General and Dollar Tree, which highlight the importance of private label development in this sector. Dollar General exceeds expectations Dollar General performed particularly well in Q2, with net sales up 8.4% to $7bn and same-store sales up 4%. Both basket size and traffic increased and full year guidance has been raised to 8% forecasted gr...
03 June 2019
We review the first quarter results from Dollar General and Dollar Tree, including the role of food categories in driving growth at both businesses. Dollar General winning the dollar store battle Dollar General continued to outperform Dollar Tree in Q1. Dollar General’s net sales increased 8.3% to $6.6bn with same-store sales up 3.8%. Net income increased 5.5% to $385m. At Dollar Tree, net ...
14 March 2019
We look at how Dollar General and Dollar Tree finished the year and their strategic plans for the next 12 months. Strong end to the year at Dollar General Dollar General delivered a strong end to the year, with net sales up 8.5% to $6.6bn in the fourth quarter. Same-store sales increased 4.0%. For the full year, net sales increased 9.2% to $25.6bn, with net income up 3.3% to $1.6bn. The str...
05 December 2018
We review the latest results from Dollar Tree and Dollar General, the two leading dollar store chains in the US, and their growth initiatives. Family Dollar stores holding back Dollar Tree’s performance Dollar Tree’s third quarter net sales increase by 4.2% to $5.5bn, with same-store sales up 1.0%. The Dollar Tree banner stores continue to perform ahead of the acquired Family Dollar stores,...
05 June 2018
Dollar General and Dollar Tree have both reported Q1 sales which fell short of expectations. However food sales at both retailers continue to grow. Dollar General introducing healthier options Dollar General achieved Q1 sales growth of 9%, to $6.1bn, with 2.1% growth for same store sales. Despite slightly lower footfall to the store, average spend increased which drove this growth. The reta...
16 March 2018
Both Dollar General and Dollar Tree have reported strong 2017 sales, with Dollar General's same store sales up 2.7% and Dollar Tree's up 1.9% (3.4% for the Dollar Tree banner and 0.4% for Family Dollar). What is driving sales? Dollar General's sales grew to $23.5bn following a strong year, with 1,315 new stores being opened and a further 764 relocated or remodelled. Same store sales grew by...
11 December 2017
Dollar General's Q3 sales exceeded forecasted performance. Strong results in a competitive environment Total sales for the retailer increased 11% in the quarter to US$5.9bn. Same store sales were up 4.3%, with increases in both average transaction amount and customer traffic. Comparable sales were helped by the Hurricanes, although they impacted profit negatively. Strong performance in groc...
01 September 2017
Dollar General and Dollar Tree have both reported strong sales for the quarter. Dollar General sales up 2.6% Same store sales grew by 2.6%, ahead of the 1.6% forecasted for Q2. Both average spend and number of shoppers increased in the quarter. Net sales grew by 8% to $5.83bn. Full year same store sales are now forecast at around 2%, the high end of its original forecast, with overall sales...
31 May 2017
With the integration of the Family Dollar business going well, we look at how Dollar Tree is positioning itself for future growth. Positive results for Q1 Sales were up 4% to $5.29bn and same store sales up 0.5% for the first quarter of 2017. The results within the two banners were mixed, with same store sales for the Dollar Tree banner up 2.5% and for the Family Dollar banner, down 1.2%. T...