India, March 26 -- Shares of Dollar Tree, Inc. were gaining around 4 percent in the pre-market activity on the Nasdaq, after the discount retail chain on Wednesday reported fourth-quarter adjusted earnings above market estimates with higher same-store net sales. The company also issued first quarter and fiscal 2025 outlook.
Separately, Dollar Tree, after a thorough review of strategic alternatives, announced a definitive agreement to sell its Family Dollar business to Brigade Capital Management, LP and Macellum Capital Management, LLC for a purchase consideration of $1.01 billion.
Mike Creedon, Chief Executive Officer, Dollar Tree, said, "This is a major milestone in our multi-year transformation journey to help us fully achieve our poten...