Dollar Tree breaks ground on new distribution center in Oklahoma

MARIETTA, Okla. - Dollar Tree, Inc. (NASDAQ:DLTR), the $19.5 billion retail giant with annual revenues exceeding $18.5 billion, broke ground Wednesday on a new one million square foot distribution center in Marietta, Oklahoma, replacing a facility destroyed by a tornado in April 2024. According to InvestingPro data, the company maintains a FAIR financial health score, with particularly strong cash flow metrics.

The ceremony was attended by Oklahoma Governor Kevin Stitt, U.S. Senator James Lankford, and Marietta Mayor Destry Rushing, according to a company press release.

The new distribution center is expected to be fully operational by spring 2027 and will serve approximately 700 Dollar Tree stores across the West and Southwest regions of the United States. The facility is projected to create 400 jobs in the area.

"Our rebuilt Distribution Center demonstrates our commitment to the region, which is inspired by the community’s strength and resiliency," said Mike Creedon, Chief Executive Officer of Dollar Tree.

As part of the groundbreaking event, Dollar Tree announced $50,000 in community grants to local organizations including the Regional Food Bank of Oklahoma, Big Five Community Action, Community Youth Services of Southern Oklahoma, Marietta Special Olympics, the Marietta Police Department, and the Love County Fire Department.

Roxanne Weng, Chief Supply Chain Officer at Dollar Tree, described the project as "a critical investment for our supply chain and ensuring long-term growth and opportunity in the region."

Dollar Tree operates more than 9,000 stores and 18 distribution centers across 48 contiguous states and five Canadian provinces, employing approximately 150,000 associates. For detailed analysis and additional insights about Dollar Tree’s performance and prospects, including 12 more exclusive ProTips, visit InvestingPro, where you’ll find comprehensive research reports and expert financial analysis.

In other recent news, Dollar Tree reported a notable second-quarter earnings performance, with a 6.5% increase in comparable sales, surpassing both its guidance and consensus estimates. Despite this strong performance, Guggenheim lowered its price target for Dollar Tree to $125 from $130, citing concerns over softer comparable sales and below-consensus third-quarter earnings guidance. Meanwhile, Bernstein reiterated a Market Perform rating with a $109 price target, acknowledging the company’s strong leverage and margin performance in the second quarter. Piper Sandler also adjusted its price target to $108 from $112, maintaining a Neutral rating on Dollar Tree shares. In a separate development, Brent Beebe has been announced as the next Chief Merchandising Officer, effective April 2026, succeeding Rick McNeely. Beebe, who joined Dollar Tree in 2020, will work closely with McNeely over the coming months to ensure a smooth leadership transition. These developments reflect ongoing strategic and operational adjustments within Dollar Tree.

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