CHESAPEAKE, VA - Dollar Tree recently reported financial results for its third quarter ended November 2, 2024.

“Our Dollar Tree and Family Dollar merchandising efforts produced tangible results, and our third quarter sales came in at the high end of our expected range,” said Mike Creedon, Interim Chief Executive Officer. “As an organization, our top priorities remain accelerating the growth of the Dollar Tree segment, completing the Family Dollar strategic review process, and unlocking value for Dollar Tree shareholders.”

Dollar Tree and Jeff Davis have agreed that he will step down from his role as the company’s Chief Financial Officer, a press release stated.

The company has launched an external search, and to ensure a smooth transition, Mr. Davis has agreed to remain with the company through the filing of its fiscal 2024 Form 10-K.

“We thank Jeff for his service and appreciate the contributions he made to the business during his time with Dollar Tree and Family Dollar. We remain committed to our business strategy and are focused on driving lasting value for our customers and shareholders,” Creedon added.

Additional business highlights shared in the report include:

• Opened 249 new Dollar Tree and six new Family Dollar stores
• Approximately 2,300 Dollar Tree stores have been converted to in-line multi-price format
• Generated $785.6 million of net cash provided by operating activities
• Generated $359.2 million of free cash flow

For a closer look at the discount retailer’s quarterly performance, click here. And keep reading ANUK for more retail insights!