DLTR Forex News
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.
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42 days ago
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...
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133 days ago
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.
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163 days ago
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...
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191 days ago
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
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216 days ago
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.
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217 days ago
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.
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223 days ago
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.
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232 days ago
Dollar Tree Trims FY23 Earnings, Revenue Outlook - Update
While reporting financial results for the third quarter on Wednesday, Dollar Tree, Inc. (DLTR) provided guidance for the fourth quarter and trimmed its earnings and revenue guidance for the full-year 2023.
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322 days ago
Dollar Tree Says Family Dollar Set To Launch New Mobile App In October
Dollar Tree, Inc. (DLTR) announced Friday that its shoppers will soon be able to do more with the new Family Dollar mobile app that hits app store shelves in October, with a completely new mobile shopping and saving experience.
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397 days ago
