$DLTR (-4,24聽%) | Dollar Tree Q3 Earnings Highlights:
馃敼 Adj. EPS: $1.12 (Est. $1.07) 馃煝
馃敼 Revenue: $7.56B (Est. $7.45B) 馃煝; UP +3.5% YoY
馃敼 Operating Income: $333.4M (Est. $332.2M) 馃煛; UP +10.5% YoY
馃敼 Gross Margin: 30.9% (Est. 30.6%) 馃煝; UP 120 basis points YoY
Q4 Guidance:
馃敼 Revenue: $8.1B-$8.3B (Est. $8.24B) 馃煛
馃敼 Adjusted EPS: $2.10-$2.30 (Est. $2.23) 馃煛
FY24 Guidance:
馃敼 Revenue: $30.7B-$30.9B (Est. $30.69B) 馃煛
馃敼 Adjusted EPS: $5.31-$5.51 (Est. $5.41) 馃煛
Q3 Same-Store Sales Growth:
馃敼 Enterprise: +1.8% (Est. +1.3%) 馃煝
馃敼 Dollar Tree Segment: +1.8% (Est. +1.9%) 馃煛
馃敼 Family Dollar Segment: +1.9% (Est. +0.7%) 馃煝
Q3 Segment Revenue:
馃敼 Dollar Tree: $4.34B (Est. $4.26B) 馃煝; UP +8.3% YoY
馃敼 Family Dollar: $3.22B (Est. $3.19B) 馃煝; DOWN -2.5% YoY
Business Metrics:
馃敼 Total Locations: 16,590 (-0.2% YoY)
馃敼 Dollar Tree Locations: 8,868 (+7.2% YoY)
馃敼 Family Dollar Locations: 7,722 (-7.5% YoY)
馃敼 Free Cash Flow: $359.2M
馃敼 Net Cash from Operations: $785.6M
Operating Highlights:
馃敼 Enterprise traffic grew by 1.6%, contributing to same-store sales growth.
馃敼 Dollar Tree traffic grew by 1.5%, with a 0.3% increase in average ticket.
馃敼 Family Dollar traffic grew by 1.8%, with a flat average ticket.
馃敼 Gross margin improved primarily due to lower freight costs and better shrink results.
Strategic and Business Updates:
馃敻 249 new Dollar Tree stores and 6 new Family Dollar stores opened in the quarter.
馃敻 Approximately 2,300 Dollar Tree stores converted to multi-price formats.
馃敻 Ongoing review of Family Dollar strategic alternatives, including potential sale or spin-off.
馃敻 CFO transition announced; external search for a replacement underway.