Content about Dollar coin

April 10, 2013
Family Dollar Q2 profit edges up; opening 500 stores this year

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 to build first free-standing Dollar Tree in 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.

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 posts larger-than-expected Q4 profit

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 posts lower profit in Q1; 500 stores planned

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 to expand distribution center

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 profit edges up in Q4; to open 500 stores in 2013

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 to settle with New York store managers for $14 million

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 Q2 profit surges 26%

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.
 

June 28, 2012
Family Dollar Q3 profit up 12%; on track for 450-500 stores in 2012

Family Dollar Stores Inc. reported that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.

Sales increased 9.6% to $2.36 billion, just missing Wall Street’s forecasts of $2.37 billion in sales. Same-store sales climbed 5%.
   

June 4, 2012
Dollar General Q1 profit jumps 36%; on track for 625 new stores and 550 remodels

Dollar General Corp. reported a 36% jump in quarterly profit and raised its expectations for the year as its momentum continued.

New York -- Dollar General Corp. on Monday reported a 36% jump in quarterly profit and raised its expectations for the year as its momentum continued.

Dollar General earned $213.4 million in the fiscal first quarter ended on May 4, up from $157.0 million a year earlier. Sales rose 13% to $3.9 billion. Same-store sales increased 6.7%.

March 22, 2012
Dollar General sets Q4 sales and profit records; 625 stores on tap for 2012

Dollar General Corp. reported that profit for the quarter ended Feb. 3 surged 33% to a record $299 million, from $226 million in the prior year.

Goodlettsville, Tenn. -- Dollar General Corp. reported Thursday that profit for the quarter ended Feb. 3 surged 33% to a record $299 million, from $226 million in the prior year.

Sales increased 20.1% to $4.19 billion, compared with $3.49 billion in the year-ago period. Same-store sales rose 6.5%.
   
For the full year, profit rose 26% to $819 million, from $649 million in 2010. Sales surged 13.6% to $14.8 billion, from $13 billion last year. Same-store sales rose 6%.
   

February 22, 2012
Dollar Tree profit rises

Dollar Tree Inc. reported a higher-than-expected profit for the fourth quarter ended on Jan. 28.

Chesapeake, Va. -- Dollar Tree Inc. reported a higher-than-expected profit for the fourth quarter ended on Jan. 28. But the chain forecast quarterly earnings and sales below Wall Street estimates amid rising gasoline prices and increased competition from larger rivals.

For the quarter, net income rose to $187.9 million, from $162.5 million a year earlier.

Sales rose about 12.8% to $1.95 billion. Same-store sales were up 7.3%.

January 4, 2012
Dollar General to open 625 stores in 2012; will enter California with 50 locations

Dollar General plans to open 625 stores and add more than 6,000 new jobs in 2012.

Goodlettsville, Tenn. -- Dollar General plans to open 625 stores and add more than 6,000 new jobs in 2012. The locations will be spread among Dollar General’s 38-state operating area, and include the new markets of California, where it will open 50 stores and a distribution center, and Massachusetts. The discounter will also open a distribution center in the Golden State this year.

December 5, 2011
Dollar General’s net jumps 34%; plans 625 stores and 550 remodels in fiscal 2012

Dollar General Corp. reported that its fiscal third-quarter net rose 34% to $171.2 million on higher sales.

Goodlettsville, Tenn. -- Dollar General Corp. reported that its fiscal third-quarter net rose 34% to $171.2 million on higher sales. The results beat Wall Street expectations and the discounter boosted its full-year earnings guidance

Revenue for the quarter ended Oct. 28, 2011, increased 12% to $3.6 billion from $3.22 billion, topping Wall Street's estimate. Same-store sales rose 6.3% as customer traffic improved and the average transaction amount rose.

November 17, 2011
Dollar Tree net income rises 12% in Q3

Dollar Tree reported that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Chesapeake, Va. -- Dollar Tree reported Thursday that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Revenue rose 11.9% to $1.6 billion, surpassing Wall Street’s expected $1.58 billion. Performance has been consistent with the strength of the category, as the discounter has recorded double-digit year-over-year percentage revenue increases over the past five quarters.

Same-store sales rose 4.8% in the third quarter.

August 30, 2011
Dollar General Q2 profit edges up, to expand into three states, and launch e-commerce

Dollar General Corp. reported Tuesday that its second-quarter net income rose 3.5% to $146 million from $141.2 million in the year-ago period.

Goodlettsville, Tenn. -- Dollar General Corp. reported Tuesday that its second-quarter net income rose 3.5% to $146 million from $141.2 million in the year-ago period. Sales increased 11% to $3.58 billion; same-store sales rose 5.9%. Its results beat expectations. 

The company also raised its full-year outlook.

July 21, 2011
Family Dollar names loss prevention exec

Family Dollar Stores said Thursday that it has named Christopher Nielsen to the position of VP -- loss prevention.

Matthews, N.C. -- Family Dollar Stores said Thursday that it has named Christopher Nielsen to the position of VP -- loss prevention.

Nielsen will report to Bryan Venberg, senior VP – human resources.

He began his career at Family Dollar in 1998 as regional loss-prevention director, and was promoted to regional VP in 2001.
 

July 5, 2011
Dollar Tree opens at Villa Monaco

Centro Properties Group US announced Tuesday that Dollar Tree has opened a new store in Denver.

Denver -- Centro Properties Group US announced Tuesday that Dollar Tree has opened a new store in Denver.

The 8,460-sq.-ft. Dollar Tree store opened at Villa Monaco, which is owned by New York City-based Centro Properties Group.

June 29, 2011
Family Dollar Q3 profit up, misses Street

Family Dollar Stores' third-quarter net income increased 6.5% as broader markdowns drew more store traffic. Its results, however, fell short of analysts' expectations.

Matthews, N.C. -- Family Dollar Stores' third-quarter net income increased 6.5% as broader markdowns drew more store traffic. Its results, however, fell short of analysts' expectations.

For the quarter ended May 28, Family Dollar had net income of $111.1 million, compared with $104.4 million a year earlier.

Revenue was up 8% to $2.15 billion. Same-store sales rose 4.7%.

Family Dollar said sales were strongest in consumables and home products.

June 1, 2011
Dollar General Q1 profit climbs 15%, on track to open 625 stores

Dollar General Corp. reported Wednesday that profit for the quarter ended April 29 surged 15% to $157 million, compared with $136 million in the year-ago period.

Goodlettsville, Tenn. -- Dollar General Corp. reported Wednesday that profit for the quarter ended April 29 surged 15% to $157 million, compared with $136 million in the year-ago period.

Revenue rose 11% to $3.45 billion from $3.11 billion, beating Wall Street expectations of $3.42 billion. Same-store sales climbed 5.4%.

The discounter plans to open about 625 new stores and to remodel or relocate 550 stores in 2011. Capital expenditures are expected to be in the range of $550 million to $600 million, according to Dollar General.

May 26, 2011
Dollar General to make California debut

Dollar General Corp. announced that it plans to open its first stores in California in 2012 following successful expansions in such other western states as Arizona and Colorado in recent years.

Goodlettsville, Tenn. — Dollar General Corp. announced that it plans to open its first stores in California in 2012 following successful expansions in such other western states as Arizona and Colorado in recent years.

“Our California stores will mark a significant milestone for Dollar General, giving us a coast-to-coast presence for the first time,” said Rick Dreiling, chairman and CEO.

April 14, 2011
Bottom Dollar enters Philadelphia

Bottom Dollar, a division of Delhaize American, has entered the Philadelphia market, opening a 17,000 sq.-ft. store.

Salisbury, N.C. -- Bottom Dollar, a division of Delhaize American, has entered the Philadelphia market, opening a 17,000 sq.-ft. store.

“While we have opened 18 stores in the greater metropolitan area, this is our first store in the heart of Philadelphia, and we are truly ecstatic,” said Meg Ham, president, Bottom Dollar Food, said in a statement.
 

March 22, 2011
Dollar General’s Q4 profit more than doubles; Opening 625 stores in 2011

Dollar General Corp. reported Tuesday that its fourth quarter profit more than doubled over last year, boosted by increasing sales and traffic.

New York City -- Dollar General Corp. reported Tuesday that its fourth quarter profit more than doubled over last year, boosted by increasing sales and traffic. The discounter generated a higher-than-expected profit of $222.5 million for the quarter ended Jan. 28, up from $87.2 million in the year-ago period. The company also gave a full-year forecast that topped analysts’ estimates.

Sales increased 9.4% to $3.49 billion, and same-store sales rose 3.8%.

March 14, 2011
Family Dollar sales rise 8.3%

Family Dollar today showed why dollar stores are such a hot commodity right now by reporting a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26.

Matthews, N.C. -- Family Dollar reported today a comparable-store sales increase of 5.1% for the second quarter ended Feb. 26. Net sales for the quarter increased 8.3% to $2.26 billion, from $2.09 billion last year. According to the retialer, warmer weather earlier in the year as well as strong performance in its consumable and seasonal categories helped drive sales.

February 23, 2011
Dollar Tree profit surges 20%

Dollar Tree's fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.

Chesapeake, Va. -- Dollar Tree's fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.

Net sales for the quarter, which ended Jan. 30, increased 10.7% to $1.73 billion . Same-store sales were up 3.9%.

The company's top-performing categories in the quarter included food, party supplies, health and beauty care, and housewares and home products.