earnings
confidence high
sentiment negative
materiality 0.80
Dollar Tree Q2 adjusted EPS $0.67 below midpoint; FY2024 guide cut to $5.20-$5.60
DOLLAR TREE, INC.
2024-Q2 EPS reported
$2.00
revenue$15,011,600,000
- Q2 consolidated net sales $7.37B, up 0.7%; same-store sales: Dollar Tree +1.3%, Family Dollar -0.1%.
- Adjusted diluted EPS $0.67, down 26.4% YoY; includes $0.30 from general liability accrual adjustment.
- FY2024 adjusted diluted EPS outlook revised to $5.20-$5.60, citing conservative sales outlook and conversion costs.
- Opened 127 Dollar Tree and 28 Family Dollar stores; ~1,600 stores converted to multi-price format.
- CEO notes macro pressures on middle/higher-income customers; repurchased $90.8M in shares.