Dollar Tree Says Family Dollar Set To Launch New Mobile App In October

Dollar Tree Sees Q3 Below Market, Cuts FY24 View After Weak Q2 Earnings; Stock Down

Shares of Dollar Tree, Inc. were losing nearly 13 percent in the pre-market activity on the Nasdaq after the discount retail chain on Wednesday issued third-quarter outlook and trimmed fiscal 2024 forecast, both below market estimates. The outlook reflects its second-quarter results with weak earnings, also below the Street view, despite slight growth in net sales.

RTTNews | vor 74 Tagen

Dollar Tree Reportedly Mulls Sale Of Family Dollar; Stock Up

Discount retail chain Dollar Tree, Inc. is exploring the sale of its unit Family Dollar Stores LLC, the Wall Street Journal reported citing people familiar with the matter. Following the news, Dollar Tree shares were gaining around 3 percent in pre-market activity on the Nasdaq. The company is working with financial advisers to conduct a strategic review of its Family Dollar business to explore...

RTTNews | vor 165 Tagen

Hormel Foods Recalls Select Planters Peanuts, Mixed Nuts

Hormel Foods Sales, LLC, affiliated to food processing major Hormel Foods Corp., is recalling a limited number of two Planters nut products citing potential to be contaminated with Listeria monocytogenes, according to the U.S. Food and Drug Administration.

RTTNews | vor 195 Tagen

P&G Recalls 8.2 Mln Defective Laundry Detergent Packets

Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...

RTTNews | vor 223 Tagen

Dollar Tree To Close Nearly 1000 Family Dollar Stores

Discount retail chain Dollar Tree, Inc. said it is planning to close around 970 underperforming stores of its unit Family Dollar Stores LLC as part of its comprehensive store portfolio optimization review. The planned store closures also include around 30 Dollar Tree stores. According to Rick Dreiling, Chairman and Chief Executive Officer, the decisive steps will strengthen the Family Dollar brand

RTTNews | vor 248 Tagen

Dollar Tree Slips To Hefty Loss In Q4 On Charges

Dollar Tree reported Wednesday a hefty net loss for the fourth quarter compared to a profit last year, hurt by huge charges, despite gross margin improvement and revenue growth. Adjusted earnings per share and net sales also missed analysts' expectations. The company also provided weak earnings guidance for the first quarter.

RTTNews | vor 248 Tagen

FDA Warns Against Cinnamon Products For Elevated Lead Levels

The U.S. Food and Drug Administration, amid the ongoing reports of lead poisoning in young children, announced several additional steps to address concerns about elevated lead levels in various cinnamon products. The agency also recommended recall of certain ground cinnamon products sold by a number of brands at six different retail chains that were found to contain elevated levels of lead.

RTTNews | vor 254 Tagen

Family Dollar Fined $42 Mln For Storing Food, Drugs In Rodent-Infested Warehouse

Family Dollar Stores LLC, affiliated to Dollar Tree Inc., has agreed to pay $41.675 million after pleading guilty to holding consumer products including food and drugs in rodent-infested warehouse, according to the U.S. Department of Justice. It is the largest-ever monetary criminal penalty in a food safety case, the DOJ noted.

RTTNews | vor 263 Tagen

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