-0.37 (-0.33%) $154.96 Add to Watchlist Over the last twelve months, three insiders have purchased nearly $99.83 million worth of stock, with only $347,868.01 in sales during the same period. This brings total insider ownership to 6.8%. Analysts remain bullish on the stock, with a moderate buy rating and a consensus price target indicating close to 30% upside. Talos Energy's Buy Rating: What Investors Should Know Talos Energy While insider buying is a positive signal, considering it alongside other factors, ...

"This year, an early Easter, combined with the extra week in our fourth quarter last year, left us with a much shorter selling season," Dreiling said. "Also, unusually cold and wet weather throughout much of the country negatively impacted the way many families celebrate this traditionally spring-oriented outdoor-centric holiday." Dollar Tree operates 16,397 stores across 48 states and five Canadian provinces under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada. Many higher-income consumers ...

Dollar Tree, Inc. (DLTR) has reported mixed first-quarter fiscal 2024 results, with earnings in line with the Zacks Consensus Estimate and sales lagging the same marginally. The top line rose year over year, while the bottom line declined. The company's results have benefited from gains across both segments, higher traffic and robust market share growth. However, product cost inflation, an unfavorable sales mix and elevated shrink continued to hurt. Alongside the results, the company has noted that it has b ...

Earlier this year, it had outlined plans to shutter 970 Family Dollar stores. The company operates 8,359 Family Dollar stores, as of Feb. 3. Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. The retailer, like its peer Dollar General, has been grappling with weak discretionary demand as shoppers focus more on less-profitable consum ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-25464 DOLLAR TREE, INC. (Exact name of registrant as specified in its charter) Virginia 26-2018846 (State or other ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 4.2% to $7.6 billion, with enterprise comparable sales (comp) at 1% due to a 2.1% increase in traffic offset by a 1.1% decline in average ticket [33][66][89] - Adjusted diluted EPS for the first quarter was $1.43, reflecting favorable freight costs and careful expense management [66][75] - Adjusted operating income decreased by 3% to $436 million, with adjusted operating margin down by 45 basis points [89] Business Line Data and Key Metrics Changes - Dollar Tree's net sales increased by 5.9% to $4.2 billion, with comps up 1.7% driven by a 2.8% increase in customer traffic, but average ticket decreased by 1.1% [58][90] - Family Dollar's net sales increased by 2% to $3.5 billion, with comps up 0.1% as customer traffic increased by 0.9% but average ticket decreased by 0.8% [71][76] - Dollar Tree's consumables comp was 7.4%, while discretionary comp declined by 3.2%, marking the first discretionary comp decline since Q1 2020 [58][64] Market Data and Key Metrics Changes - Dollar Tree gained consumable market share with dollar growth exceeding the market by 660 basis points and unit growth exceeding by 520 basis points [56] - Family Dollar's consumable comp was up 1.4%, while discretionary comp was down 4.7%, indicating a gradual improvement in discretionary trends [85] Company Strategy and Development Direction - The company is conducting a formal review of strategic alternatives for the Family Dollar business to enhance performance and valuation potential [50][53] - Dollar Tree is expanding its multi-price offering, with plans to roll out over 300 new items at price points above $1.25 in approximately 3,000 stores by year-end [57][70] - The company aims to accelerate Dollar Tree's growth while transforming Family Dollar, with a focus on improving operational and capital structures for both banners [54][61] Management's Comments on Operating Environment and Future Outlook - Management noted that Easter's impact was significant, with a 150 basis point drag on Dollar Tree's first quarter comp due to adverse weather and a shorter selling season [32][64] - The outlook for the second quarter includes expected net sales in the range of $7.3 billion to $7.6 billion, with comps for Dollar Tree projected at 2% to 4% [79][80] - Management expressed confidence in the multi-price strategy, indicating that stores with multi-price offerings are outperforming those without [122][137] Other Important Information - The company reported a $70 million loss related to inventory destroyed at the Marietta distribution center, which is expected to be offset by insurance recoveries [77][91] - The company returned $310 million to shareholders through share repurchases, with approximately $1 billion remaining under the repurchase authorization [78] Q&A Session All Questions and Answers Question: What underpins the confidence around the 2% to 4% comp guidance for the second quarter? - Management highlighted strong performance in consumables and the positive impact of multi-price items, which are driving larger baskets and increased store traffic [122] Question: If Family Dollar is not sold, what is the plan B? - Management stated it is too early to determine alternatives but emphasized that the supply chain and merchandising functions are largely separate, minimizing dis-synergies [103][104] Question: Can you elaborate on the acceleration strategy at Dollar Tree? - Management confirmed that the multi-price strategy is attracting higher-income consumers and driving sales growth, with plans for continued expansion [156]

For the quarter ended April 2024, Dollar Tree (DLTR) reported revenue of $7.63 billion, up 4.1% over the same period last year. EPS came in at $1.43, compared to $1.47 in the year-ago quarter. The reported revenue represents a surprise of -0.10% over the Zacks Consensus Estimate of $7.63 billion. With the consensus EPS estimate being $1.43, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Key Takeaways Discount retailer Dollar Tree (DLTR) announced Wednesday it will explore selling or spinning off its Family Dollar brand, and released first-quarter earnings that missed expectations. The earnings report is the first since Dollar Tree announced plans in March to close roughly 1,000 stores, mostly Family Dollar locations, indicating that its efforts to turn around the unit was not working as well as it had hoped. Q1 Results, Q2 Guidance Miss Estimates Net sales rose 4.2% from the first quarter ...

Dollar Tree (DLTR) came out with quarterly earnings of $1.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this discount retailer would post earnings of $2.67 per share when it actually produced earnings of $2.55, delivering a surprise of -4.49%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Dollar Tree, which bel ...

Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp the struggling business. The discounter closed more than 500 locations during its fiscal first quarter, it said Wednesday. "We are already beginning to see progress in this targeted strategy in the streamlined Family Dollar banner," the company said in a press release. "The unique needs of each banne ...