Core Insights - Dollar Tree reported revenue of $7.63 billion for the quarter ended April 2024, reflecting a 4.1% increase year-over-year, but a slight miss of -0.10% against the Zacks Consensus Estimate [1] - The company's EPS was $1.43, down from $1.47 in the same quarter last year, with no surprise against the consensus estimate of $1.43 [1] Financial Performance Metrics - Family Dollar's same-store sales increased by 0.1%, exceeding the 0% estimate [3] - Enterprise same-store sales were 1%, below the 2.5% average estimate [3] - Dollar Tree's same-store sales were 1.7%, significantly lower than the 4.5% estimate [3] - Total number of stores was 16,397, compared to the estimated 16,539 [3] - Family Dollar's selling square footage was 60.1 million square feet, slightly below the 60.77 million square feet estimate [3] - Dollar Tree's ending stores were 8,520, close to the 8,523 estimate [3] - Dollar Tree's selling square footage was 74.1 million square feet, slightly above the 73.99 million square feet estimate [3] - Family Dollar's ending stores were 7,877, below the 8,016 estimate [3] - Dollar Tree's net sales were $4.17 billion, below the $4.25 billion estimate, but a 6% increase year-over-year [3] - Family Dollar's net sales were $3.46 billion, above the $3.37 billion estimate, representing a 2.2% year-over-year increase [3] - Total net sales reached $7.63 billion, slightly above the $7.61 billion estimate, marking a 4.2% year-over-year increase [3] - Other revenue was reported at $6.54 million, exceeding the $5.10 million estimate, with a year-over-year increase of 52.1% [3] Stock Performance - Dollar Tree shares have returned -1.1% over the past month, while the Zacks S&P 500 composite has increased by 3.4% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [4]

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 ...

Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Bull Advertisement He continued: "The saga of Family Dollar is a ...

DOLLAR TREE. Forward-looking Statements These forward-looking statements are subject to risks and uncertainties, and our actual results may differ materially from those indicated in these statements. The forward-looking statements in this presentation are based on the company's plans, estimates and expectations as of June 5, 2024, and you should not rely on these forward-looking statements as representing the company's views after such date. Except as required by law, the company specifically disclaims any ...

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 ( ...