Dive Brief:
- Dollar Tree expects to close on its merger with Family Dollar in the coming months, planned for April 27.
- The company said it expects to hear back from regulators early next month as to which about 300 stores it would divest to seal the merger deal.
- This merger update came during the company's announcement of its fourth quarter 2014 earnings.
Dive Insight:
Dollar Tree's earnings for the fourth quarter included a 10.8% increase in sales over last year's fourth quarter, rising from $2.23 billion to $2.48 billion. The company's net income, including acquisition-related costs, was $206.6 million, and diluted earnings per share were $1.00, as compared to estimates from Thomson Reuters of $1.15 in earnings per share and $2.47 billion in revenue.