2Gยท

Dollar Tree Q1 Earnings Highlights

$DLTR (-1,84%)


๐Ÿ”น Adj. EPS: $1.26 (Est. $1.21) ๐ŸŸข; +2.4% YoY

๐Ÿ”น Revenue: $4.6B (Est. $4.72B) ๐Ÿ”ด; +11.3% YoY


FY Guidance

๐Ÿ”น Revenue: $18.5Bโ€“$19.1B (Est. $18.95B) ๐ŸŸก

๐Ÿ”น Adj. EPS: $5.15โ€“$5.65 (Est. $5.21) ๐ŸŸข


FY Guidance:

๐Ÿ”ธ Same-store sales expected to grow 3%โ€“5%

๐Ÿ”ธ Assumes existing tariff levels remain unchanged

๐Ÿ”ธ FY EPS will reflect full-year SG&A costs of Family Dollar support, but reimbursement will only be for H2 โ†’ ~$0.30โ€“$0.35 drag on FY EPS

๐Ÿ”ธ Second quarter EPS expected to be down 45โ€“50% YoY due to timing of inputs, before re-acceleration in H2


Q1 Same-Store Sales (Dollar Tree Segment)

๐Ÿ”น Same-Store Net Sales Growth: +5.4%

๐Ÿ”น Traffic: +2.5%

๐Ÿ”น Average Ticket: +2.8%


Other Key Metrics:

๐Ÿ”น Adj Operating Income: $388M; +1.4% YoY

๐Ÿ”น Gross Margin: 35.6%; +20bps YoY

๐Ÿ”น Adj Operating Margin: 8.4%; -80bps YoY

๐Ÿ”น Effective Tax Rate: 25.9% (vs. 24.6%)

๐Ÿ”น Adjusted Effective Tax Rate: 26.1% (vs. 24.6%)


Strategic/Operational Metrics

๐Ÿ”น New Stores Opened: 148

๐Ÿ”น Stores Converted to Multi-Price Format: ~500

๐Ÿ”น Operating Cash Flow (Continuing Ops): $379M

๐Ÿ”น Free Cash Flow (Continuing Ops): $130M

๐Ÿ”น Share Repurchases: $436.8M (5.9M shares); Additional $67.5M post quarter-end

๐Ÿ”น Remaining Repurchase Authorization: $519.7M

๐Ÿ”น Cash & Equivalents: $1.0B

๐Ÿ”น No borrowings under revolvers or commercial paper at quarter-end


Family Dollar Sale (Discontinued Ops)

๐Ÿ”น Agreed Sale Price: $1.007B

๐Ÿ”น Expected Net Proceeds: ~$800M

๐Ÿ”น Estimated Tax Benefit: ~$350M

๐Ÿ”น Antitrust Approval: Received

๐Ÿ”น Expected Close: Q2 FY2025


Management Commentary

๐Ÿ”ธ CEO Mike Creedon:

"Our strong first quarter performance underscores the progress weโ€™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."

3
Partecipa alla conversazione