Dollar Tree (DLTR) shares rose Wednesday morning after the d🅰iscount retailer reported better-tha🍎n-expected third-quarter results.

Dollar Tree recorded $7.57 billion in revenue and $233.3 million in 澳洲幸运5官方开奖结果体彩网:net income, up from $7.31 billion and $212.0 million a year ago. Analysts polled by Visible Alpha had projected $7.45 billion and $225.5 million, respectively.

The company narrowed its full-year revenue outlook, projecting a range between $30.7 billion and $30.9 billion, with the bottom end lifted from $30.6 billion previously. Full-year adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) is seen between $5.31 and $5.51, narrowed from the 澳洲幸运5官方开奖结果体彩网:previous range of $5.20 to $5.60.

๊ Family Dollarꦉ Review Progressing, CFO Set To Depart

Dollar Tree said that its 澳洲幸运5官方开奖结果体彩网:"strategic review" of options for the Family Dollar brand ann🤪ounced in June "remains on track," with no set timeline to be completed. Roughly a decade after Dollar Tree acquired the brand, a sale or spinoff remains a possibility.

Of the nearly 澳洲幸运5官方开奖结果体彩网ܫ:1,000 "underperforming" Family Dollar locations that the company said it planned to shut down earlier this year, Dollar Tree has c▨losed about 670 through Q3, and expects to close another 25 in the fourth quarter.

In addition to CEO Rick Dreiling's 澳洲幸运5官方开奖结果体彩网:departure from the company last month due to health issues, Dollar Tree said Wednesday that CFO Jeff Davis will step down from his post. An external search has begun, and the company said Davis has agreed to stay on through the filing of Dollar Tree's 澳洲幸运5官方开奖结果体彩网:annual 10-K at the end of fiscal 2024.

Dollar Tree shares, which had lost nearly half their value this year through Tuesday's close, rose 3.5% in premarket trading.