Dollar Tree(US:DLTR)2024-03-13 11:56Financial 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]