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   From: remailer@domain.invalid   
      
   Dollar Tree, Inc., which owns Dollar Tree and Family Dollar, will close   
   about 1,000 stores as the discount retailer looks to improve   
   profitability.   
      
   Family Dollar will close about 600 stores in the first half of fiscal   
   2024 and shut down an additional 370 stores as their leases expire over   
   the next several years. Dollar Tree will close 30 stores as leases   
   expire, the company announced Wednesday.   
      
   “As we look forward in 2024, we are accelerating our multi-price rollout   
   at Dollar Tree and taking decisive action to improve profitability and   
   unlock value at Family Dollar,” said Rick Dreiling, chairman and CEO of   
   Dollar Tree, Inc.   
      
   The company said it anticipates a benefit of 15 cents a share to 2024   
   earnings from the store closures.   
      
   Did you claim your TABOR refund?   
   The announcement comes amid a surprise fourth-quarter loss as the chain   
   took a related $1.07 billion goodwill impairment charge. Shares tumbled   
   15% before the opening bell Wednesday.   
      
   For the three months ending on Feb. 3, Dollar Tree lost $1.71 billion,   
   or $7.85 per share. A year earlier, the company earned $452.2 million,   
   or $2.04 per share.   
      
   The company said it faced fourth-quarter adjusted earnings of $2.55 per   
   share, including an impact of about 17 cents a share from general   
   liability insurance claims. That’s still short of the per-share earnings   
   of $2.67 expected on Wall Street, according to a survey by Zacks   
   Investment Research.   
      
   Is your cash counterfeit? Here’s how to tell   
   For fiscal 2024, Dollar Tree anticipates earnings between $6.70 and   
   $7.30 per share. Revenue is expected to range from $31 billion to $32   
   billion.   
      
   Dollar Tree expects first-quarter earnings of $1.33 to $1.48 per share   
   on revenue in a range of $7.6 billion to $7.9 billion.   
      
   As of last month, Dollar Tree opened more than 16,770 stores across 48   
   states and Canada.   
      
   Dollar Tree acquired Family Dollar in 2015 for $8 billion after a   
   bidding war with rival Dollar General, but it has had difficulty   
   absorbing the chain.   
      
   https://ktla.com/news/nationworld/dollar-tree-family-dollar-to-close-   
   1000-stores/   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)