Dollar Tree to Close 75 Stores in 2026 Fiscal Year
Dollar Tree Inc. announced plans to close approximately 75 stores during its fiscal year 2026, even as the company anticipates expanding its overall store footprint.
Discount retailer Dollar Tree Inc. is set to close around 75 locations in its fiscal year 2026. The announcement comes as the company reported healthy first-quarter financial results and anticipates net growth in its store count.
The closures represent less than 1% of Dollar Tree's total store base, which spans over 9,000 locations across the U.S. and Canada. Despite the planned closures, the company expects to open approximately 400 new stores during fiscal 2026, projecting a net increase of roughly 325 stores by year's end.
Financially, the company reported total net sales of $5 billion for the first quarter, a 7.2% increase over the prior year. Adjusted diluted earnings per share also saw significant growth. Investors reacted positively to the earnings report, with the company's stock price seeing an increase.
Store closures are a recurring aspect of Dollar Tree's strategy, with the company having closed a comparable number of locations in recent fiscal years, typically in the range of 67 to 72 stores annually.