Dollar Tree, Inc. – Company Information

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Dollar Tree, Inc. is one of America’s largest retailers primarily competing in the dollar store and low-end retail markets, based in Chesapeake, Virginia.

It is publicly traded on the NASDAQ Stock Market under the stock ticker symbol ‘DLTR’.

The company has thousands of single-price-point discount stores that only sell products for $1 or less, operating under the names of Dollar Tree, Dollar Tree Deal$, Dollar Tree Canada, Dollar Giant and Dollar Bills.

Dollar Tree, Inc. also owns multi-price-point variety retail stores (with products priced below and above $1) under the brand name Deal$.

The company has almost 5,000 stores in 48 contiguous U.S. states and five Canadian provinces.

The company traces its history back to 1986 with the creation of chain stores called “Only $1.00”, which were started by Doug Perry, Macon Brock, and Ray Compton. The name “Only $1.00” was changed to “Dollar Tree Stores” in 1993.

In 1995 the company completed its initial public offering on the NASDAQ exchange at $15 a share, with market capitalization of approximately $225 million.

Dollar Tree says that its recent sales growth is the result of new store openings, an active store expansion and remodel program, and selective mergers and acquisitions.

Overview

Dollar Tree logo

  • CEO: Bob Sasser
  • CFO: Kevin S. Wampler
  • Chairman: Macon F. Brock, Jr.
  • Type: Public
  • Industry: Retail
  • Publicly listed on the NASDAQ Stock Market Data
  • NASDAQ stock ticker symbol: DLTR
  • S&P 500 Component
  • Revenue: $7.840 billion USD (2014)
  • Net income: $596.7 million USD (2014)
  • Diluted earnings per share: $2.72 USD (2014)
  • Founded: 1986
  • Founder(s): Doug Perry, Macon Brock, and Ray Compton
  • Employees: 87,400 (2014)
  • Corporate headquarters: 500 Volvo Parkway, Chesapeake, VA 23320, USA
  • Corporate contact number: (757) 321-5000
  • Website: http://www.dollartree.com/

Operating data (in $ millions) 2014 2013
Net sales $7,840.3 $7,394.5
Cost of sales $5,050.5 $4,741.8
Gross profit $2,789.8 $2,652.7
Selling, general and administrative expenses $1,819.5 $1,732.6
Operating income $970.3 $920.1
Income before income taxes $954.3 $978.9
Provision for income taxes $357.6 $359.6
Net income $596.7 $619.3
Total comprehensive income $581.3 $618.4
Balance sheet data (in $ millions)
Total assets $2,771.9 $2,752.0
Total liabilities $1,601.2 $1,084.7
Total shareholders’ equity $1,170.7 $1,667.3
Cash flow data (in $ millions)
Net cash provided by operating activities $793.4 $677.7
Net cash used in investing activities $(324.3) $(261.3)
Net cash used in financing activities $(597.8) $(303.4)
Cash and cash equivalents at end of period $267.7 $399.9
Common share data (in $)
Basic earnings (loss) per common share $2.74 $2.70
Diluted earnings (loss) per common share $2.72 $2.68

Source: “Dollar Tree, Inc. – 2013 Annual Report”


Dollar Tree news

July 28, 2014: A deal has been reached to acquire Family Dollar for $8.5 billion in a cash and stock transaction. Dollar Tree will pay Family Dollar shareholders $74.50 for each share ($56.60 cash plus $14.90 equivalent in Dollar Tree shares). While both companies may appear similar because they both use the word “dollar”, they are not. However, they believe the new combined entity will be able to gain more share in the lower-income customer market.


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