Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Dollar Tree    DLTR

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Dollar Tree, Inc. : Announces $300 Million Accelerated Share Repurchase

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/22/2011 | 01:45pm CEST

Dollar Tree, Inc. (NASDAQ: DLTR), the nation's leading operator of discount variety stores selling everything for $1 or less, today announced that after market close on November 21, 2011, it entered into an agreement with Wells Fargo Bank, National Association, to repurchase $300 million of its common shares under a variable maturity accelerated share repurchase program. Dollar Tree will acquire these common shares under the $1.5 billion share repurchase program announced on October 7, 2011.

The specific number of shares to be repurchased will generally be based on the volume-weighted average share price of the Company's common shares during the calculation period of the accelerated share repurchase program, subject to collar provisions that establish the minimum and maximum number of shares to be repurchased under the program. All common shares repurchased under the accelerated share repurchase program will be retired.

"Our share repurchase program continues to represent an important part of our capital allocation strategy and an efficient and flexible way of returning value to shareholders," said President and CEO Bob Sasser. "As evidenced by the recently-announced results for the third quarter of 2011, Dollar Tree's sales, operating margin and earnings continue to grow. We are confident in the Company's ability to generate substantial free cash flow for the foreseeable future."

Dollar Tree operated 4,335 stores in 48 states and 5 Canadian Provinces as of October 29, 2011.

A WARNING ABOUT FORWARD LOOKING STATEMENTS: This press release contains "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward looking statements address future events, developments or results and typically use words such as believe, will, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward looking statements include statements regarding our intentions to repurchase stock, the method and timing as well as the number of shares repurchased, related expenditures, the benefits of such transactions, and our ability to generate free cash flow. A further list and description of these risks, uncertainties and other matters can be found in the Company's annual report and other reports filed from time to time with the Securities and Exchange Commission. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 17, 2011 and our Quarterly Report on Form 10-Q filed November 17, 2011. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply. Dollar Tree cautions that the foregoing list of important factors may not be complete, and we are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

Dollar Tree, Inc.
Timothy J. Reid, 757-321-5384
www.DollarTree.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOLLAR TREE
06/24 DOLLAR GENERAL : names new merchandising leader
06/23 DOLLAR GENERAL : names new merchandising leader
06/23 DOLLAR TREE : Fire at Dollar Tree in Norfolk caused by arson, officials say
06/22 DOLLAR TREE : says it's protecting consumers from toxic chemicals. Group wants p..
06/21 DOLLAR TREE : Kokomo man arrested in connection to stabbing death
06/19 DOLLAR TREE : Man who killed customer in Dollar Store sentenced to 32 years
06/16 DOLLAR TREE INC : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Yea..
06/16 DOLLAR TREE : Earnings Highlights and Review: Dollar Tree's Net Sales Grew 4%; A..
06/15 DOLLAR TREE : ‘Dollar Store Grandpa Bandit' arrested
06/15 DOLLAR TREE : Woman charged with child neglect
More news
Sector news : Discount Stores without Groceries
06/23 Exclusive - Wal-Mart not considering a bid for Whole Foods
06/21DJT.J. Maxx Is Defying The Retail Slump -- WSJ -2-
06/21DJT.J. Maxx Is Defying The Retail Slump -- WSJ
06/20DJHow T.J. Maxx is Bucking the Crisis in Retailing -2-
06/20DJHow T.J. Maxx is Bucking the Crisis in Retailing
More sector news : Discount Stores without Groceries
News from SeekingAlpha
06/20 DAILY INSIDER RATINGS ROUND UP 6/19/ : Coty, dltr, glpi, bomn
06/19 Goldman's picks for a low volatility world
06/16 Using Real Estate Investment Trusts To Capitalize On The 'Death Of Retail'
06/07 Why Wal-Mart's Stock Will Break $90
06/07 Dolla Tree countersues Dollar Express
Advertisement
Financials ($)
Sales 2018 22 123 M
EBIT 2018 1 972 M
Net income 2018 1 013 M
Debt 2018 4 622 M
Yield 2018 -
P/E ratio 2018 16,05
P/E ratio 2019 13,68
EV / Sales 2018 0,94x
EV / Sales 2019 0,87x
Capitalization 16 211 M
More Financials
Chart DOLLAR TREE
Duration : Period :
Dollar Tree Technical Analysis Chart | DLTR | US2567461080 | 4-Traders
Full-screen chart
Technical analysis trends DOLLAR TREE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 90,1 $
Spread / Average Target 32%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert L. Sasser Chief Executive Officer & Director
Michael A. Witynski President & Chief Operating Officer
Macon F. Brock Non-Executive Chairman
Kevin S. Wampler Chief Financial Officer
Joshua R. Jewett Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR TREE-11.26%15 763
COSTCO WHOLESALE CORPO..0.06%68 916
TJX COMPANIES INC-6.91%44 560
WAL-MART DE MEXICO S A..12.20%40 337
TARGET CORPORATION-28.73%28 005
DOLLAR GENERAL CORP.-4.94%19 127
More Results