Dollar Tree Says Its Small-Town Combination Stores Are Popular and Successful | 03.03.21 | finanzen.at

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03.03.2021 20:24:00

Dollar Tree Says Its Small-Town Combination Stores Are Popular and Successful

While reporting its fourth-quarter and full-year 2020 results in a press release this morning -- beating analyst estimates by just $0.01 on earnings per share (EPS) and missing slightly on revenue, according to Zacks Equity Research -- discount variety store operator Dollar Tree (NASDAQ: DLTR) also reported briefly on its relatively new "combination store" concept. Launched in 50 different small towns across the United States, the combination stores have been highly popular and profitable, according to the press release. Company president and CEO Michael Witynski, highlighting the successes of Dollar Tree's various brands, remarked the retailer is "thrilled to introduce a new Combination Store format that performed extremely well in nearly 50 small towns and rural communities during fiscal 2020." The combination store is a fusion of the company's two chief brands, Family Dollar and Dollar Tree, and is designed for locations with a population of approximately 3,000 to 4,000.Image source: Getty Images.Continue reading
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