Overview
- Dollar Tree reported stronger‑than‑expected first‑quarter results in its May 28 earnings report, posting $1.74 adjusted EPS on $5.0 billion in revenue and raising full‑year profit guidance.
- The retailer told investors it expects to close roughly 75 stores in fiscal 2026 while opening about 400 new locations, a plan that would leave its total footprint larger by year‑end.
- During the quarter that ended May 2, Dollar Tree opened 113 stores and converted or added about 630 locations to a multi‑price format, bringing the chainwide total of multi‑price stores to around 5,900.
- The company’s footprint stood at 9,382 stores across the U.S. and Canada as of May 2, and the planned net openings would add several hundred stores to that base.
- The closures are modest in scale—less than 1% of the chain—and follow recent years of similar small annual closures as Dollar Tree targets higher‑income metro neighborhoods to raise average transaction size, a shift that could change local shopping options and staffing needs in affected communities.