Including one-time items like the receivable impairment charge associated with Dollar Express, the company's earnings slumped 13.3% to $0.85 per share. Notably, Dollar Tree had divested stores to Dollar Express, as part of its efforts to gain FTC's approval on its merger with Family Dollar. However, Dollar Express is currently on liquidation track, thus failing to repay Dollar Tree its receivables from the former. Consequently, Dollar Tree evaluated its divestiture-related receivables in the first quarter, which will be written down eventually, with its impairment charges being recorded in the income statement.