🔹 Adj. EPS: $1.26 (Est. $1.21) 🟢; +2.4% YoY
🔹 Revenue: $4.6B (Est. $4.72B) 🔴; +11.3% YoY
FY Guidance
🔹 Revenue: $18.5B–$19.1B (Est. $18.95B) 🟡
🔹 Adj. EPS: $5.15–$5.65 (Est. $5.21) 🟢
FY Guidance:
🔸 Same-store sales expected to grow 3%–5%
🔸 Assumes existing tariff levels remain unchanged
🔸 FY EPS will reflect full-year SG&A costs of Family Dollar support, but reimbursement will only be for H2 → ~$0.30–$0.35 drag on FY EPS
🔸 Second quarter EPS expected to be down 45–50% YoY due to timing of inputs, before re-acceleration in H2
Q1 Same-Store Sales (Dollar Tree Segment)
🔹 Same-Store Net Sales Growth: +5.4%
🔹 Traffic: +2.5%
🔹 Average Ticket: +2.8%
Other Key Metrics:
🔹 Adj Operating Income: $388M; +1.4% YoY
🔹 Gross Margin: 35.6%; +20bps YoY
🔹 Adj Operating Margin: 8.4%; -80bps YoY
🔹 Effective Tax Rate: 25.9% (vs. 24.6%)
🔹 Adjusted Effective Tax Rate: 26.1% (vs. 24.6%)
Strategic/Operational Metrics
🔹 New Stores Opened: 148
🔹 Stores Converted to Multi-Price Format: ~500
🔹 Operating Cash Flow (Continuing Ops): $379M
🔹 Free Cash Flow (Continuing Ops): $130M
🔹 Share Repurchases: $436.8M (5.9M shares); Additional $67.5M post quarter-end
🔹 Remaining Repurchase Authorization: $519.7M
🔹 Cash & Equivalents: $1.0B
🔹 No borrowings under revolvers or commercial paper at quarter-end
Family Dollar Sale (Discontinued Ops)
🔹 Agreed Sale Price: $1.007B
🔹 Expected Net Proceeds: ~$800M
🔹 Estimated Tax Benefit: ~$350M
🔹 Antitrust Approval: Received
🔹 Expected Close: Q2 FY2025
Management Commentary
🔸 CEO Mike Creedon:
"Our strong first quarter performance underscores the progress we’ve made against our strategic priorities... we see a meaningful opportunity to further elevate the value, convenience, and discovery that our customers depend on Dollar Tree to provide."