Summary
Dollar Tree, Inc. (DLTR) announced on September 28, 2012, the sale of its ownership interest in Ollie's Holdings, Inc., a company it originally acquired a stake in back in 2003. This divestiture is expected to provide a positive boost to the company's third-quarter financial results. Investors can anticipate an increase in net income per diluted share, estimated to be between $0.16 and $0.17, as a direct result of this transaction. This strategic move suggests a focus on streamlining operations and potentially reinvesting capital into core business areas.
Key Highlights
- 1Dollar Tree, Inc. has divested its ownership in Ollie's Holdings, Inc.
- 2The sale of Ollie's Holdings, Inc. was completed on September 28, 2012.
- 3The company originally acquired its stake in Ollie's in 2003.
- 4The sale is projected to positively impact third-quarter earnings.
- 5An increase of approximately $0.16 to $0.17 per diluted share is expected in net income.
- 6This filing is made under Regulation FD Disclosure.
Frequently Asked Questions
Dollar Tree, Inc. announced the sale of its ownership interest in Ollie's Holdings, Inc. on September 28, 2012.
The sale is expected to have a favorable impact on Dollar Tree's third-quarter earnings, increasing net income by approximately $0.16 to $0.17 per diluted share.
Dollar Tree originally acquired its ownership interest in Ollie's Holdings, Inc. in 2003.
No, the information contained in Item 7.01 (Regulation FD Disclosure) is being furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section.