Dollar Tree CFO to step down next year

Retail Dive

Dollar Tree’s Chief Financial Officer Jeff Davis plans to leave the company when it files its fiscal year 2024 10-K, likely in March, the retailer said Wednesday. The company has initiated an external search for a successor. Dollar Tree is also looking for a new chief executive after former CEO Rick Dreiling resigned last month, citing health issues.

While Dollar Tree’s business is generally trending as expected, uncertainty with leadership transitions and growth strategy and “tough consumer spending trends and an uptick in promotion and competition across retail should keep trends in check,” analysts with Telsey Advisory Group, led by Joe Feldman, said in a Wednesday note.

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