Sales Performance - Consolidated net sales increased 4.2% to $7.63 billion, with enterprise same-store net sales up 1.0%[9] - Dollar Tree same-store net sales increased 1.7%, driven by a 2.8% increase in traffic[9] - Family Dollar same-store net sales increased 0.1%, driven by a 0.9% increase in traffic[9] - Total net sales increased to $7,626.4 million, up 4.2% from $7,319.5 million in the previous year[34] - Sales per square foot increased to $231, up from $219, with Dollar Tree at $235 and Family Dollar at $227[41] Profitability and Margins - Gross profit increased 5.3% to $2.35 billion, with gross margin expanding 30 basis points to 30.8%[10] - Operating income increased 0.2% to $420.6 million, with operating margin declining 20 basis points to 5.5%[12] - Dollar Tree segment gross profit margin improved to 35.4%, up from 35.3% year-over-year[34] - Family Dollar segment operating income increased significantly to $36.9 million, up from $8.8 million, with a margin improvement to 1.1% from 0.3%[34] - Adjusted operating income (Non-GAAP) for the 13 weeks ended May 4, 2024, was $435.6 million, representing 5.7% of total revenue, compared to $449.7 million (6.1%) for the same period in 2023[51] - Family Dollar segment's adjusted operating income (Non-GAAP) increased to $51.2 million (1.5%) for the 13 weeks ended May 4, 2024, up from $38.8 million (1.2%) in the same period in 2023[52] Earnings and Shareholder Returns - Adjusted diluted EPS was $1.43, down 2.7% from the prior year[13] - The company repurchased 2.5 million shares for $313 million[14] - Adjusted diluted earnings per share (Non-GAAP) for the 13 weeks ended May 4, 2024, was $1.43, down from $1.47 in the same period in 2023[55] - Adjusted net income (Non-GAAP) for the 13 weeks ended May 4, 2024, was $311.5 million, compared to $325.1 million for the same period in 2023[54] Store Operations and Portfolio Optimization - The company closed approximately 550 stores as part of portfolio optimization and expects to close an additional 150 stores by the end of fiscal 2024[20] - The company closed 529 stores in the first quarter, including 513 Family Dollar stores, as part of a store portfolio optimization review[40][45] - Selling square footage grew by 0.9% to 134.2 million, with Dollar Tree expanding by 4.8% while Family Dollar contracted by 3.5%[40] - The company incurred $17.5 million in store closure costs during the quarter, primarily related to the Family Dollar segment[47] - Store closure costs for the 13 weeks ended May 4, 2024, were $17.5 million, compared to $0 in the same period in 2023[51][54] Financial Outlook - Fiscal 2024 net sales outlook range is $31.0 billion to $32.0 billion, with adjusted diluted EPS expected to range from $6.50 to $7.00[4] Cash Flow and Capital Expenditures - Net cash provided by operating activities decreased to $695.7 million from $752.0 million in the prior year[38] - Capital expenditures increased to $472.2 million, up from $350.4 million, reflecting continued investment in the business[38] - Free cash flow (Non-GAAP) for the 13 weeks ended May 4, 2024, was $223.5 million, a decrease from $401.6 million in the same period in 2023[57] - Capital expenditures for the 13 weeks ended May 4, 2024, were $472.2 million, up from $350.4 million in the same period in 2023[57] - Net cash provided by operating activities (GAAP) for the 13 weeks ended May 4, 2024, was $695.7 million, down from $752.0 million in the same period in 2023[57] Costs and Expenses - Adjusted selling, general and administrative expenses for Family Dollar decreased to 23.8% of sales, down from 23.7%[49] - Legal reserve adjustments for the 13 weeks ended May 4, 2024, were a deduction of $2.5 million, compared to an addition of $30.0 million in the same period in 2023[51][54] - Adjusted effective tax rate (Non-GAAP) for the 13 weeks ended May 4, 2024, was 24.2%, compared to 23.3% in the same period in 2023[55] Losses and Insurance Recoveries - The company incurred $117.0 million in losses due to tornado damage to its Marietta distribution center, with expected insurance recoveries to fully offset the losses[17]

Dollar Tree, Inc. (DLTR) has been benefiting from growth across segments, higher traffic trends and robust market share gains. The company has been making significant progress in optimizing its store portfolio through new store openings, renovations, re-banners and closings. In the latest development, management has announced that it has acquired designation rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada and Texas. The aforesaid deal was completed through two transactions i ...

Group 1 - Dollar Tree is implementing layoffs for corporate employees as part of its ongoing portfolio optimization strategy [1][2] - The layoffs will occur at the company's headquarters in Chesapeake, Virginia, and affected employees will receive severance pay and other support [2] - The company plans to close approximately 1,000 Family Dollar stores due to poor performance [2] Group 2 - Last year, Dollar Tree also announced corporate layoffs, reducing its headcount by 90 employees [3] - The company's stock is currently up 1% but has decreased by 20% year-to-date, with trading volume significantly lower than average [3]

Dollar Tree (DLTR) closed at $115.37 in the latest trading session, marking a +0.67% move from the prior day. This change lagged the S&P 500's 0.7% gain on the day. Elsewhere, the Dow saw an upswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.1%. Shares of the discount retailer have depreciated by 5.83% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.98% and the S&P 500's gain of 4.03%. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 ( ...

Dollar Tree, Inc. (DLTR) is likely to register top-line growth when it reports first-quarter fiscal 2024 results. The Zacks Consensus Estimate for revenues is pegged at $7.6 billion, indicating an improvement of 4.3% from the prior-year quarter's reported figure. The bottom line of the operator of discount variety retail stores is expected to have declined year over year. The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at $1.45 per share, suggesting a decline of 1.4% from the year-a ...

Last week, strong first quarter results from Walmart (WMT) helped boost sentiment for discount retailers and investors may be eyeing Dollar Tree (DLTR) and Dollar General's (DG) stock ahead of their Q1 reports on Thursday, May 23, and Thursday, May 30 respectively. With that being said, let's see if now is a good time to buy stock in either of these iconic discount retailers. Q1 Overview & Expectations Based on Zacks estimates, Dollar Tree's Q1 sales are expected to rise 4% to $7.64 billion. However, Dollar ...

Dollar Tree (DLTR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may ...

A month has gone by since the last earnings report for Dollar Tree (DLTR) . Shares have added about 4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Dollar Tree due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Dollar Tree’s Q4 Earnings Miss, Family Dollar Comps S ...

Dollar Tree Inc. (DLTR) has been benefiting from a range of initiatives like multi-price point strategy, restructuring and expansion initiatives, and efforts to optimize its store portfolio through new store openings, renovations, re-banners and closings. These actions have resulted in consistent sales growth across various segments, rising traffic trends and substantial gains in market share. This aided its comparable store sales (comps) performance in fourth-quarter fiscal 2023.In fourth-quarter fiscal 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 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 Table of Contents DOLLAR TREE, INC. (Exact name of registrant as specified in its charter) Virginia 26-2018846 (State or other ju ...