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~ Same-Store Sales: Enterprise +4.9%; Family Dollar +8.1%; Dollar Tree +2.4% ~
~ Introduces Combination Store Concept, Comprised of Both Brands, to Serve Small Towns ~
~ Board of Directors Increases Share Repurchase Authorization by $2.0 Billion ~
Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter and fiscal year ended January 30, 2021. Also, on March 2, 2021, Dollar Tree’s Board of Directors increased the Company’s share repurchase authorization by $2.0 billion. Under the authorization, purchases may be made in the open market or through privately negotiated transactions subject to market and other conditions. The authorization has no expiration date.
“I am very pleased with the team’s operating performance for the fourth quarter, highlighted by a solid same-store sales increase, improved gross margin and expense leverage,” stated Michael Witynski, President and Chief Executive Officer. “Furthermore, Dollar Tree has completed
Dollar Tree Now Stocks a Lot More of This
The discount chain is increasing the floor space it devotes to a pandemic-friendly hobby.
The Crafter’s Square section of your local Dollar Tree store has become even more appealing.
All Dollar Tree stores in the U.S. plus the chain’s website are offering an expanded array of art and crafting supplies, the chain announced Monday.
Each store has between 4 and 12 additional feet of items such as:
Wood crafts and picture frames
Art paper
Hot glue guns and adhesives
Scissors
And of course, each item is just $1.
Dollar Tree says the Arts & Crafts Supplies section of its website also has been expanded. Crafters can find supplies at the website, as well as DIY blogs and video tutorials.