Rick Dreiling will expand his executive chair role to assume the CEO role at Dollar Tree.
Dollar Tree Executive Chair Rick Dreiling’s move into the CEO role should reap benefits for the discount retailer, according to Jefferies analyst Corey Tarlowe.
“We... Dollar Tree Executive Chair Rick Dreiling’s move into the CEO role should reap benefits for the discount retailer, according to Jefferies analyst Corey Tarlowe. “We view this move as a positive for [Dollar Tree],” wrote Tarlowe in a note released Tuesday, noting that Dreiling has a track record of retail turnarounds, including at Dollar General Corp. DG .“From 2008 to 2015, Mr. Dreiling served as the CEO and Chairman of Dollar General,” Tarlowe wrote. “Prior to the [Dollar General] turnaround, he led Duane Reade in various roles including CEO, President, and Chairman.
In November, Dollar Tree reported fiscal third-quarter earnings that beat expectations but said full-year profit would be at the low end of its guidance, citing strong consumable sales pressure margins.
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