$DLTR (+4,98 %) | Dollar Tree Q3 Earnings Highlights:
🔹 Adj. EPS: $1.12 (Est. $1.07) 🟢
🔹 Revenue: $7.56B (Est. $7.45B) 🟢; UP +3.5% YoY
🔹 Operating Income: $333.4M (Est. $332.2M) 🟡; UP +10.5% YoY
🔹 Gross Margin: 30.9% (Est. 30.6%) 🟢; UP 120 basis points YoY
Q4 Guidance:
🔹 Revenue: $8.1B-$8.3B (Est. $8.24B) 🟡
🔹 Adjusted EPS: $2.10-$2.30 (Est. $2.23) 🟡
FY24 Guidance:
🔹 Revenue: $30.7B-$30.9B (Est. $30.69B) 🟡
🔹 Adjusted EPS: $5.31-$5.51 (Est. $5.41) 🟡
Q3 Same-Store Sales Growth:
🔹 Enterprise: +1.8% (Est. +1.3%) 🟢
🔹 Dollar Tree Segment: +1.8% (Est. +1.9%) 🟡
🔹 Family Dollar Segment: +1.9% (Est. +0.7%) 🟢
Q3 Segment Revenue:
🔹 Dollar Tree: $4.34B (Est. $4.26B) 🟢; UP +8.3% YoY
🔹 Family Dollar: $3.22B (Est. $3.19B) 🟢; DOWN -2.5% YoY
Business Metrics:
🔹 Total Locations: 16,590 (-0.2% YoY)
🔹 Dollar Tree Locations: 8,868 (+7.2% YoY)
🔹 Family Dollar Locations: 7,722 (-7.5% YoY)
🔹 Free Cash Flow: $359.2M
🔹 Net Cash from Operations: $785.6M
Operating Highlights:
🔹 Enterprise traffic grew by 1.6%, contributing to same-store sales growth.
🔹 Dollar Tree traffic grew by 1.5%, with a 0.3% increase in average ticket.
🔹 Family Dollar traffic grew by 1.8%, with a flat average ticket.
🔹 Gross margin improved primarily due to lower freight costs and better shrink results.
Strategic and Business Updates:
🔸 249 new Dollar Tree stores and 6 new Family Dollar stores opened in the quarter.
🔸 Approximately 2,300 Dollar Tree stores converted to multi-price formats.
🔸 Ongoing review of Family Dollar strategic alternatives, including potential sale or spin-off.
🔸 CFO transition announced; external search for a replacement underway.