Dollar Tree Q1 EPS $1.35 ($1.47 adj.); lowers FY2023 EPS guidance due to shrink and mix shift

DOLLAR TREE, INC.

2023-Q1 EPS reported $1.35 revenue$7,323,800,000

Net sales $7.32B (+6.1% YoY); enterprise same-store sales +4.8% (Dollar Tree +3.4%, Family Dollar +6.6%).
GAAP diluted EPS $1.35, down 43% YoY; adjusted EPS $1.47, down 38% YoY, excluding $30M legal reserve.
Operating income $419.7M (-42.6%); adjusted operating income $449.7M (-38.5%).
Fiscal 2023 sales outlook tightened to $30.0B-$30.5B; EPS outlook revised to $5.73-$6.13 (from prior $5.70-$6.10?) reflecting elevated shrink and consumables mix shift.
Free cash flow $402M (+41% YoY); opened 107 new stores, expanded Plus offering to 408 Dollar Tree stores.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DOLLAR TREE, INC. reported first quarter ended April 29, 2023 results: revenue $7.32B, EPS $1.35. Guidance reaffirmed.

Period: first quarter ended April 29, 2023
Revenue: $7.32B
EPS: $1.35
Guidance: reaffirmed
Result: reported results

Exact text from the filing

252 Family Dollar store renovation projects. First Quarter 2023 Key Operating Results (Compared to same period fiscal 2022) Fiscal Q1 2023 $ % Change Consolidated Net Sales $7.32B 6.1% Same-Store Sales Growth: Dollar Tree Segment Family Dollar Segment Enterprise 3.4% 6.6% 4.8% Operating Income $419.7M (42.6%) Diluted EPS $1.35 (43.0%) Adjusted Operating

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DOLLAR TREE, INC. filing history →

Source: SEC EDGAR

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