Dollar Tree Ditches Family Dollar, Chewy Beats Estimates
On this episode of Stock Movers: - Dollar Tree (DLTR) shares rose after the retailer agreed to sell its troubled Family Dollar unit for about $1 billion. The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree’s bid to establish itself as a discount giant, with a price tag that’s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree’s store count will roughly halve following the transaction. - Chewy’s (CHWY) profit and sales beat estimates buoyed by strong customer growth. Additionally, the company issued…
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