Dollar Tree’s latest earnings report revealed that sales were up almost 3.6% to $7.57 billion for the quarter ended November 2. “That topped analyst projections for $7.45 billion, … [And] same-store sales rose 1.8%,” reported the Wall Street Journal.

The “bigger-than-expected gain prompted Dollar Tree to add $100 million to the low-end of its full-year sales target. It now expects $30.7 billion to $30.9 billion this fiscal year, ahead of current analyst estimates,” wrote the WSJ.

Amid the positive numbers, Dollar Tree CEO Rick Dreiling stepped down last month, and Dollar Tree is also exploring selling off Family Dollar, its “more grocery-focused brand,” reported CNBC.

There is no set timeline for completing the review of Family Dollar, which could include a potential sale, spin-off or other disposition of the business. There is no assurance that this process will result in any transaction, Dollar Tree said.

Discretionary merchandise items were some of the worst sellers at Family Dollar in the most recent quarter as shoppers bought fewer home decor, seasonal and beauty products, Dollar Tree CEO Mike Creedon said.

The Journal reported that as of November 2, the company said it has shut down about 670 Family Dollar stores identified under its portfolio optimization review. The company expects to close 25 more stores in fiscal year 2024 out of its original projection of 970 store closures.