These Analysts Increase Their Forecasts On Dollar Tree Following Q4 Earnings

Dollar Tree Inc (NASDAQ:DLTR) posted better-than-expected fourth-quarter FY24 earnings on Wednesday.

On Wednesday, the company reported fourth-quarter sales of $8.26 billion, beating the analyst consensus estimate of $8.24 billion. Adjusted EPS of $2.29 also beat the consensus estimate of $2.19.

Dollar Tree reached an agreement today, under which Brigade Capital Management, LP (Brigade) and Macellum Capital Management, LLC (Macellum) will partner to acquire the company's Family Dollar business segment for $1.007 billion.

"In the fourth quarter, our team was focused on successfully closing out the year, bringing the strategic review to a favorable conclusion, and setting Dollar Tree on a path to realize its full potential to create long-term value ...