earnings
confidence high
sentiment negative
materiality 0.75
Dollar Tree Q2 EPS down 43% to $0.91; same-store sales up 6.9%
DOLLAR TREE, INC.
2023-Q2 EPS reported
$2.26
revenue$14,649,100,000
- Consolidated net sales $7.32B (+8.2% YoY); Dollar Tree same-store sales +7.8%, Family Dollar +5.8%.
- Diluted EPS $0.91 (down 43.1% YoY); adjusted diluted EPS $0.91, no adjustment in Q2.
- FY2023 sales outlook raised to $30.6B-$30.9B; EPS outlook tightened to $5.78-$6.08 including $0.12 legal reserve.
- Gross profit dollars grew YoY, but margins pressured by sales mix and elevated shrink.
- Opened 118 new stores; expanded multi-price Plus to 715 stores; established $1.5B commercial paper program.