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Dollar Tree Evaluates Family Dollar's Fate After Mixed Q1 Results; Stock Slides

Dollar Tree Inc (NASDAQ:DLTR) shares are ticking lower after the company reported its first-quarter FY24 earnings and announced a review of strategic alternatives for its Family Dollar business segment. The company reported first-quarter FY24 sales growth of 4.22% at $7.63 billion, which was in-line with the analyst consensus estimate. Same-store sales increased 1.7% for the Dollar Tree segment, 0.1% for Family Dollar, and 1% for Enterprise. Gross profit for the quarter increased 5.3% Y/Y to $2.35 billion, and the gross margin expanded 30 basis points to 30.8%. Operating income for the quarter rose 0.2% to $420.6 million, and the margin contracted 20 basis points ...