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Retailer opens 249 new stores, books a 1.5% increase in traffic and says its Family Dollar review is on track.

In the announcement, Dollar Tree said, "Dollar Tree, Inc. and Jeff Davis have agreed that he will step down from his role as the Company’s Chief Financial Officer. The company has launched an external search and to ensure a smooth transition, Mr. Davis has agreed to remain with the company through the filing of its fiscal 2024 Form 10-K."

Dollar Tree’s stock price was up over 2.51% at midday on Wednesday. Creedon announced during the call that CFO Jeff Davis was stepping down. Dollar Tree has not revealed Davis’ replacement.

While financial performance improved during Q3, the retailer now faces the additional challenge of searching for a new CEO and CFO.

Dollar Tree's third-quarter profit and sales beat market expectations on Wednesday as more customers shopped at its discount stores for products including apparel and electronics. Shares of the company,

Key Takeaways Dollar Tree shares rose Wednesday morning after the company's third-quarter results beat estimates.The discount retailer is progressing in its strategic review of options for the Family Dollar brand.

Dollar Tree's third-quarter profit and sales beat market expectations on Wednesday as more customers shopped at its discount stores for inexpensive essentials including groceries. Shares of the company,

Dollar Tree (NASDAQ:DLTR) on Wednesday beat top and bottom-line estimates for the third quarter, updated its forecast, and announced that finance chief Jeff Davis will depart the dollar store chain. Shares of the company rose nearly 7% before retreating to 4% levels ahead of the market opening bell.