Today, Dollar Tree announced that it will sell Family Dollar for $8 billion less than its original purchase price. Dollar Tree acquired Family Dollar in 2015 for approximately $9 billion.
As part of the company’s fourth quarter and 2024 fiscal earnings release, Dollar Tree announced the sale of Family Dollar “after a thorough review of strategic alternatives.”
“On March 25, 2025, the company entered into a definitive agreement to sell the Family Dollar business to Brigade and Macellum for a purchase consideration of $1,007.0 million,” the statement read. The deal is expected to close within 90 days, with the Family Dollar business continuing to be headquartered in Chesapeake, Virginia.
Mike Creedon, Interim CEO of Dollar Tree, told investors: “We finished 2024 on a high note with strong execution at Dollar Tree as growing customer acceptance of our expanded assortment drove sales momentum. With the sale of Family Dollar set to close later this year, we will be able to fully dedicate ourselves to Dollar Tree’s long-term growth, profitability, and returns on capital.”
The company predicts its full-year 2025 sales to reach between $18.5 and $19.1 billion.
Dollar Tree shares jumped 6% in premarket trading following the announcement.
By CEO NA Editorial Staff
