Content about Dollar coin

September 10, 2014

Dollar General Corp. is upping the ante in its $9.1 billion bid to purchase Family Dollar Inc. by making a hostile takeover offer to Family Dollar stockholders of $80 per share.

Goodlettsville, Tenn. – Dollar General Corp. is upping the ante in its $9.1 billion bid to purchase Family Dollar Inc. by making a hostile takeover offer to Family Dollar stockholders of $80 per share. This offer beats the $74.50 per share, $8.5 billion offer Family Dollar has accepted from Dollar Tree Inc, and is a 32% premium over the closing price of $60.66 for Family Dollar stock on Sept. 9.
 

September 9, 2014

Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.

Chesapeake, Va. -- Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.

September 2, 2014

The battle for Family Dollar moved into higher gear on Tuesday with Dollar General raising its bid for Family Dollar to $9.1 billion, or $80 per share, up from $78.50 per share in its previous offer.

Goodlettsville, Tenn. -- The battle for Family Dollar moved into higher gear on Tuesday with Dollar General raising its bid for Family Dollar to $9.1 billion, or $80 per share, up from $78.50 per share in its previous offer. Dollar General also warned that it would attempt a hostile bid if Family Dollar refused to enter into talks regarding the new offer.

August 28, 2014

Dollar General Corp. reported earnings of $251.3 million for the second quarter, in line with expectations, even as its sales decelerated.

Goodlettsville, Tenn. -- Dollar General Corp. on Thursday reported earnings of $251.3 million for the second quarter, in line with expectations, even as its sales decelerated. The company also said it still wants to buy Family Dollar Stores, even though the rival discounter rejected Dollar General’s bid of its $8.95 billion offer last week.

August 21, 2014

Citing antitrust concerns, Family Dollar Stores on Thursday firmly rejected a takeover offer by larger competitor Dollar General, and said it favors a smaller deal with potential buyer Dollar Tree.

New York -- Citing antitrust concerns, Family Dollar Stores on Thursday firmly rejected a takeover offer by larger competitor Dollar General, and said it favors a smaller deal with potential buyer Dollar Tree. Following an $8.5 billion offer last week by Dollar Tree, Dollar General offered a $9 billion, all-cash deal.

August 21, 2014

Dollar Tree Inc. reported that net income in the second quarter dipped 2.6% to $121.5 million, from $124.7 million a year earlier, amid higher freight costs and investments in higher-value products.

New York -- Dollar Tree Inc. reported that net income in the second quarter dipped 2.6% to $121.5 million, from $124.7 million a year earlier, amid higher freight costs and investments in higher-value products.

Revenue rose 9.5% to $2.03 billion, and same-store sales increased 4.5%, beating Wall Street estimates of a 2.5% rise. It was the chain’s26th consecutive quarter of positive comparable store sales growth.

August 19, 2014

As analysts begin to speculate about the acquisition scenarios for Family Dollar – whether by Dollar Tree or Dollar General – one thing is clear: some store closures will occur.

New York -- As analysts begin to speculate about the acquisition scenarios for Family Dollar – whether by Dollar Tree or Dollar General – one thing is clear: some store closures will occur.

According to a report by Wall Street Journal Online, a Dollar General takeover would close more stores than if Dollar Tree wins the bid. Dollar General said it is prepared to divest up to 700 of the combined company’s approximate 19,600 stores to satisfy antitrust regulators.
 

August 18, 2014

The battle between the extreme discounters is heating up: Dollar General Corp. said Monday it has made an all-cash bid of $9.7 billion for Family Dollar, topping a deal Dollar Tree made last month.

Goodlettsville, Tenn. -- The battle between the extreme discounters is heating up: Dollar General Corp. said Monday it has made an all-cash bid of $9.7 billion for Family Dollar, topping a deal Dollar Tree made last month. Dollar General is bidding $78.50 per Family Dollar share, which includes a $2.26 per share premium over Family Dollar’s closing price on Friday. The offer is $4 higher per share than the $8.5 billion deal with Dollar Tree.

July 28, 2014

In a merger that will shake up the dollar store retail vertical, Dollar Tree is acquiring Family Dollar for $8.5 billion in cash and stock.

Chesapeake, Va. - In a merger that will shake up the dollar store retail vertical, Dollar Tree is acquiring Family Dollar for $8.5 billion in cash and stock. The resulting company will operate more than 13,000 locations in the U.S. and Canada, with an annual sales volume of $18 billion.

May 22, 2014

Dollar Tree Inc. slightly exceeded Wall Street estimates with net income of $138.3 million in the first quarter of fiscal 2014, up 4% from $133.5 million in the first quarter of fiscal 2013.

Chesapeake, Va. – Dollar Tree Inc. slightly exceeded Wall Street estimates with net income of $138.3 million in the first quarter of fiscal 2014, up 4% from $133.5 million in the first quarter of fiscal 2013. Net sales rose 7% to $2 billion from $1.87 billion, and same-store sales increased 2%.

March 13, 2014

Dollar General on Thursday reported a 1.5% rise in fourth-quarter profits, below analysts’ estimates, as the retailer felt the impact of harsh winter weather, along with increased competition and low consumer confidence.

Goodlettsville, Tenn. -- Dollar General on Thursday reported a 1.5% rise in fourth-quarter profits, below analysts’ estimates, as the retailer felt the impact of harsh winter weather, along with increased competition and low consumer confidence. The company also said it plans to open approximately 700 new stores in 2014.

The retailer earned $322.2 million in the quarter ended Jan. 31, compared with $317.4 million a year earlier.

February 26, 2014

Net income fell at Dollar Tree Inc. during the fourth quarter and fiscal year 2013, while net sales fell during the quarter and rose during the year.

January 9, 2014

Family Dollar Stores on Thursday announced that president and COO Michael Bloom has left the company to pursue other interests.

MATTHEWS, N.C. — Family Dollar Stores on Thursday announced that president and COO Michael Bloom has left the company to pursue other interests. The company will conduct a search for a new president and COO. The news comes amid disappointing first quarter results for the company, which lowered its earnings expectations for the second quarter and full year. Family Dollar also announced it has promoted Jason Reiser to the position of executive VP - chief merchandising officer.

September 4, 2013

Dollar General reported record net income and sales for the second quarter of this year.

Goodlettsville, Tenn. – Dollar General reported record net income and sales for the second quarter of this year. In addition, same-store sales growth beat analyst estimates by almost a full percentage point.

Net income increased by 15% to $245 million in the second quarter of fiscal 2013, compared to net income of $214 million in the second quarter of the prior fiscal year. Net sales increased 11.3% to $4.39 billion, compared to $3.95 billion in the second quarter of the previous year. Analysts had expected net sales of $4.36 billion.

August 22, 2013

Dollar Tree Inc. reported that its fiscal second-quarter earnings rose 4.6% to $124.7 million on higher customer traffic and average ticket prices.

Chesapeake, Va. -- Dollar Tree Inc. reported that its fiscal second-quarter earnings rose 4.6% to $124.7 million on higher customer traffic and average ticket prices. The company raised the lower end of its sales and earnings forecasts for fiscal 2013
   

June 4, 2013

Dollar General reported record net income and sales during for the first quarter, but still reduced the top end of its profit forecast due to moderating same-store sales.

Goodlettsville, Tenn. -- Dollar General reported record net income and sales during for the first quarter, but still reduced the top end of its profit forecast due to moderating same-store sales.

The discounter reported net income of $220 million, up 3% from $213 million in the first quarter of 2012. Net sales totaled $4.23 billion, up 8.5% from $3.9 billion.

May 23, 2013

Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year.

Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

April 10, 2013

Family Dollar Stores reported that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Sales increased 17.7% to $2.89 billion from $2.46 billion, and same-store sales rose 2.9%.

March 13, 2013

CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

Cleveland -- CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

The project breaks ground in March with completion scheduled for August 2013. Construction financing was provided by PNC Bank. HCI is serving as general contractor.  

 

February 27, 2013

Dollar Tree Inc. reported a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

Chesapeake, Va. -- Dollar Tree Inc. reported Wednesday a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

Sales climbed 15.4% to $2.25 billion, boosted by an extra week in the quarter. Wall Street expected $2.23 billion in sales. Same-store sales increased 2.4%.

January 3, 2013

Family Dollar Stores Inc. reported a profit of $80.3 million for the quarter ended Nov. 24, compared with $80.4 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday a profit of $80.3 million for the quarter ended Nov. 24, compared with $80.4 million in the year-ago period.

The company said that higher sales on everyday items like cigarettes and soft drinks put pressure on margins.
    
Net sales increased 12.7% to $2.42 billion in the period, and same-store sales grew 6.6%.

January 2, 2013

Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

CHESAPEAKE, Va. -- Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

The facility in Marietta opened in 2003 and is currently 603,000 sq. ft. This facility supplies products to stores across eleven states, including all of Oklahoma, Kansas, Colorado, New Mexico and Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South Dakota, Wyoming and Montana.

October 3, 2012

Family Dollar Stores reported that net income for the quarter ended Aug. 25 inched up to $80.9 million from $79.8 million in the same period last year.

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended Aug. 25 inched up to $80.9 million, from $79.8 million in the same period last year. Results were impacted by an $11.5 million litigation charge stemming from the preliminary settlement of a lawsuit in New York.

Sales for the quarter rose 10.8% to $2.36 billion, a record for the company, and same-store sales increased 5.4%.

September 12, 2012

Family Dollar Stores said it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.

Matthews, N.C. -- Family Dollar Stores said Wednesday it plans to settle a class-action matter with more than 1,700 New York store managers who filed suit on claims of unpaid overtime wages.

The preliminary settlement provides for a maximum payment of $14 million by Family Dollar. Settlement terms are pending court approval, and the discounter plans to record a fourth quarter charge to cover the costs.

 

August 16, 2012

Dollar Tree Inc. reported that profit for the quarter ended July 28 soared 26% to $119.2 million, compared with $94.9 million in the year-ago period.

Chesapeake, Va. -- Dollar Tree Inc. reported Thursday that profit for the quarter ended July 28 soared 26% to $119.2 million, compared with $94.9 million in the year-ago period.

Sales rose 10.5% to $1.7 billion, just missing Wall Street’s expected $1.71 billion. Same-store sales grew 4.5%.

However, the company’s outlook fell short of Wall Street expectations, saying that it expects revenue between $1.71 billion and $1.75 billion in the third quarter while Wall Street expects $1.77 billion.