Shares of discount retail chain Dollar Tree (DLTR -14.81%) got hammered on Wednesday after the company reported a whopping $1.7 billion net loss in its most recent quarter. As of 9:45 a.m. ET, Dollar Tree stock was down 13%.It's time to update Dollar Tree's footprintIn the fourth quarter of 2023, Dollar Tree generated net sales of $8.6 billion, which were up 12% year over year and right on schedule. However, the company swung to its massive aforementioned loss because it recognizes that it has too many unde ...

Dollar Tree (DLTR) reported $8.64 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 12%. EPS of $2.55 for the same period compares to $2.04 a year ago.The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $8.67 billion. With the consensus EPS estimate being $2.67, the EPS surprise was -4.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Key TakeawaysDollar Tree posted fourth-quarter earnings Wednesday that fell short of analyst estimates.The discount retailer also announced plans to close 600 Family Dollar locations in the first half of the 2024 fiscal year, and 400 more Family Dollar and Dollar Tree locations in the "next several years."Shares fell in pre-market trading as investors reacted to the results. Dollar Tree (DLTR) shares plunged 8% in pre-market trading Wednesday as the discount retailer posted fourth-quarter results that misse ...

Dollar Tree (NASDAQ:DLTR) lowered its guidance and said it will close about 1,000 stores, mostly in its Family Dollar unit.The company said it lost $1.7 billion, $7.85 per share, on revenue of $8.6 billion in the fourth quarter, leading to a full-year loss of $4.55 per share. DLTR stock fell 7.5% after those earnings came out. It was due to open this morning at $129.50 per share, a market capitalization of just over $30 billion. That represents about a 13% loss in overnight trading.Family Dollar FailuresThe ...

Dollar Tree (DLTR) came out with quarterly earnings of $2.55 per share, missing the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.49%. A quarter ago, it was expected that this discount retailer would post earnings of $1.01 per share when it actually produced earnings of $0.97, delivering a surprise of -3.96%.Over the last four quarters, the co ...

Financial Outlook for Fiscal Year 2024 - The company expects enterprise sales to be between $31 billion and $32 billion[71] - The company anticipates diluted earnings per share to be in the range of $670 to $730[71] - The company projects capital expenditures to be between $21 billion and $23 billion[71] Comparable Sales Performance - The company expects Dollar Tree comparable sales to increase in the mid-single-digit range[71] - The company anticipates Family Dollar comparable sales to be up in the low-single-digit range[71] - The company forecasts enterprise comparable sales to grow in the low-to-mid-single-digit range[71] Gross Margin Expectations for Fiscal Year 2024 - The company anticipates a gross margin of approximately 360% to 365% for the Dollar Tree segment[111] - The company projects a gross margin of approximately 245% to 250% for the Family Dollar segment[111] Store Portfolio Optimization - The company plans to close approximately 970 underperforming Family Dollar stores, including about 600 in the first half of fiscal 2024[74] - The company also intends to close approximately 30 underperforming Dollar Tree stores at the end of their current lease terms[74] - The company expects approximately $015 of EPS benefit, primarily in the second half of the year, from closing underperforming Family Dollar stores[111] Freight Expense Reduction - The company anticipates an incremental benefit of approximately $080-$090 per share from reduced freight expenses in FY 2024, with 60% of the benefit expected in the first half of the year[60] - 54% of the company's expected 2024 shipping volume is still at rates from long-term contracts that expire in FY 2025[60]

Dollar Tree Inc is down 8.0% in premarket on Wednesday after reporting disappointing financial results for the fourth quarter.This is a developing story. Figures missing below will be updated as received! The stock is being punished also because the discount retailer issued muted guidance for the future. $DLTR forecasts $6.70 to $7.30 of per-share earnings this year on up to $32 billion in net sales.Analysts, in comparison, were at and billion, respectively. Rick Dreiling – the chief executive of Dollar Tre ...

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter ended February 3, 2024. “We finished the year strong, with fourth quarter results reflecting positive traffic trends, market share gains, and adjusted margin improvement across both segments,” said Rick Dreiling, Chairman and Chief Executive Officer. “While we are still in the early stages of our transformation journey, I am proud of what our team accomplished in 2023 and see a long ...

Exhibit 99.1 Dollar Tree, Inc. Reports Results for the Fourth Quarter Fiscal 2023 CHESAPEAKE, Va.--March 13, 2024--Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter ended February 3, 2024. "We finished the year strong, with fourth quarter results reflecting positive traffic trends, market share gains, and adjusted margin improvement across both segments," said Rick Dreiling, Chairman and Chief Executive Officer. "While we are still in the early stages of our transforma ...

The upcoming report from Dollar Tree (DLTR) is expected to reveal quarterly earnings of $2.67 per share, indicating an increase of 30.9% compared to the year-ago period. Analysts forecast revenues of $8.67 billion, representing an increase of 12.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...