$DLTR (+4,98ย %) | Dollar Tree Q3 Earnings Highlights:
๐น Adj. EPS: $1.12 (Est. $1.07) ๐ข
๐น Revenue: $7.56B (Est. $7.45B) ๐ข; UP +3.5% YoY
๐น Operating Income: $333.4M (Est. $332.2M) ๐ก; UP +10.5% YoY
๐น Gross Margin: 30.9% (Est. 30.6%) ๐ข; UP 120 basis points YoY
Q4 Guidance:
๐น Revenue: $8.1B-$8.3B (Est. $8.24B) ๐ก
๐น Adjusted EPS: $2.10-$2.30 (Est. $2.23) ๐ก
FY24 Guidance:
๐น Revenue: $30.7B-$30.9B (Est. $30.69B) ๐ก
๐น Adjusted EPS: $5.31-$5.51 (Est. $5.41) ๐ก
Q3 Same-Store Sales Growth:
๐น Enterprise: +1.8% (Est. +1.3%) ๐ข
๐น Dollar Tree Segment: +1.8% (Est. +1.9%) ๐ก
๐น Family Dollar Segment: +1.9% (Est. +0.7%) ๐ข
Q3 Segment Revenue:
๐น Dollar Tree: $4.34B (Est. $4.26B) ๐ข; UP +8.3% YoY
๐น Family Dollar: $3.22B (Est. $3.19B) ๐ข; DOWN -2.5% YoY
Business Metrics:
๐น Total Locations: 16,590 (-0.2% YoY)
๐น Dollar Tree Locations: 8,868 (+7.2% YoY)
๐น Family Dollar Locations: 7,722 (-7.5% YoY)
๐น Free Cash Flow: $359.2M
๐น Net Cash from Operations: $785.6M
Operating Highlights:
๐น Enterprise traffic grew by 1.6%, contributing to same-store sales growth.
๐น Dollar Tree traffic grew by 1.5%, with a 0.3% increase in average ticket.
๐น Family Dollar traffic grew by 1.8%, with a flat average ticket.
๐น Gross margin improved primarily due to lower freight costs and better shrink results.
Strategic and Business Updates:
๐ธ 249 new Dollar Tree stores and 6 new Family Dollar stores opened in the quarter.
๐ธ Approximately 2,300 Dollar Tree stores converted to multi-price formats.
๐ธ Ongoing review of Family Dollar strategic alternatives, including potential sale or spin-off.
๐ธ CFO transition announced; external search for a replacement underway.