Dollar Tree $DLTR 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 said.
The discount retailer ended its first quarter with 9,382 total locations and plans to grow that count despite the closures
Justin Sullivan/Getty Images
Dollar Tree $DLTR 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 said.
Dollar Tree has not announced which specific stores are on the closure list. With 400 openings planned against 75 closures, the net effect would add several hundred stores to its footprint.
Dollar Tree ended the first quarter — which closed out on May 2 — with 9,382 stores in the United States and Canada, having added 113 new locations over those three months, the company said. 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. The first quarter saw roughly 630 stores shift to or open under the multi-price banner, 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. "As we celebrate our 40th anniversary in 2026, we are encouraged by the progress we are seeing across the business and remain focused on making thoughtful investments in our stores, assortment and customer experience — building Dollar Tree to last for decades to come," he said in a statement.
The store expansion is part of a broader push into more affluent areas. A Bloomberg News analysis published in February found that 49% of the chain's new store openings over the last six years landed in higher-income metro neighborhoods, compared with 41% during the six years before that.
Dollar Tree's first-quarter results, released May 28, showed the chain beat analyst expectations and raised its full-year profit guidance. Adjusted earnings per share came in at $1.74, a 38% improvement year over year, and revenue of $5.0 billion reflected 7.2% growth compared with the prior-year period. A 4.5% rise in average transaction size pushed comparable store net sales up 3.5% for the period, even as shopper traffic slipped 1.0%.
For the full fiscal year 2026, the company now expects adjusted EPS between $6.70 and $7.10, the company said. Full-year net sales guidance was held at $20.5 billion to $20.7 billion.
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