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People walk by a Family Dollar store in Brooklyn on March 26, 2025 in New York City. The discount retail chain Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion ...
Dollar Tree is calling it quits with Family Dollar and plans to close nearly 1,000 locations. Here’s what’s going down in the discount aisle.
Dollar Tree is selling Family Dollar to a pair of private equity firms in a deal worth approximately $1 billion after unsuccessfully trying to incorporate it into its business for a decade.
The company expects an earnings hit of roughly $0.30 to $0.35 per share from the deal. But the Street largely seemed relieved that Dollar Tree was close to shedding Family Dollar.
Dollar Tree reported net sales of $5 billion – excluding sales from Family Dollar stores – a 2% increase in same-store sales during the three-month period ending Feb. 1, 2025.
Discount retailer Dollar Tree said Wednesday it will sell Family Dollar to private equity. The company closed about 700 FD locations in 2024.
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