Dollar Tree returned to profitability in a strong fourth quarter as its ongoing shift to a multi-price assortment continues to resonate with consumers.
The discounter opened 402 new stores in fiscal 2025 and converted or added about 2,400 stores to its multi-price format. It ended the year with approximately 5,300 multi-price stores.
On the earnings call, Dollar Tree CEO Mike Creedon told analysts that the company continues to see “really strong” customer acceptance for multi-price, particularly in the $3-$5 range, where the assortment expansion is driving incremental demand.
“While the distinction between our different store formats is becoming less pronounced as multi-price elements are integrated across all stores, our inline multi-price stores continue to deliver meaningfully higher sales productivity than legacy formats, reinforcing the structural productivity benefits of the model as we scale,” Creedon said.
Dollar Tree plans to open approximately 400 new stores in its current fiscal year. Capital expenditures are put at $1.1bn to $1.2bn.
