Shares of Dollar Tree Inc. rose 0.5% in morning trading Tuesday, after the discount retailer said four of its 12 corporate officers have left the company and that Chief Financial Officer Kevin Wampler will also leave, while reaffirming its fiscal 2022 financial outlook. The company said CFO Wampler will transition out of his role once a successor is appointed, and will remain with the company as an advisor until April 2023. Chief Executive Mike Witnyski said the officer departures were part of company’s plan to bring “new perspectives and experiences” to help accelerate implementation of value creation initiatives. The four officers have that left the company were Chief Legal Officer William Old, Chief Operating Officer Thomas O’Boyle, Chief Strategy Officer David Jacobs and Chief Information Officer Andy Paisley. Separately, the company said it affirmed the fiscal 2022 outlook it provided in May 2022, when it said it expected earnings per shares of $7.80 to $8.20. Dollar Tree’s stock has rallied 12.4% year to date, while the S&P 500 has dropped 17.7%.
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