Dollar Tree (DLTR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Dollar Tree reported revenue of $7.63 billion for the quarter ended April 2024, reflecting a 4.1$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]