Dollar Tree plans to close roughly 75 stores during fiscal 2026 while opening around 400 new locations, leaving its total store count on track to grow for the year. The Chesapeake, Virginia-based company has not announced which specific stores are on the closure list, but the net effect would add several hundred stores to its footprint. Dollar Tree ended the first quarter with 9,382 stores in the United States and Canada, having added 113 new locations over those three months. The chain has also been converting stores to a multi-price format, stocking merchandise at $3 to $5 rather than its historic roughly $1 threshold, with roughly 630 stores shifting to or opening under the multi-price banner in the first quarter, pushing the chainwide tally of such locations to around 5,900. CEO Mike Creedon pointed to the company's 40th anniversary as a moment to highlight its direction, saying the company is encouraged by progress and remains focused on thoughtful investments. The store expansion is part of a broader push into more affluent areas, with a Bloomberg News analysis finding that 49% of new store openings over the last six years landed in higher-income metro neighborhoods. Dollar Tree's first-quarter results showed adjusted earnings per share of $1.74, a 38% improvement year over year, and revenue of $5.0 billion, reflecting 7.2% growth, while the company raised its full-year profit guidance to adjusted EPS between $6.70 and $7.10 and held net sales guidance at $20.5 billion to $20.7 billion.
Dollar Tree IncDollar Tree raised full-year profit guidance and reported strong Q1 earnings, with adjusted EPS up 38% and revenue growth of 7.2%.