DOLLAR TREE (DLTR) Company Report

Net sales rose 9.4% to $4.7 billion, comps increased 4.2%, and adjusted EPS was $1.21
Gross margin expanded 40 bps to 35.0%, while segment SG&A increased 160 bps to 26.2%
Share repurchases totaled $399 million in Q3 (4.1 M shares) plus $176 million post-quarter (1.7 M shares); YTD repurchases reached $1.5 billion (~16.7 M shares, ~8% of shares)
Q4 guidance: 4–6% comps, net sales of $5.4–5.5 billion; FY comps 5–5.5% and adjusted EPS $5.60–5.80

11 hours ago

Transcript

Dollar Tree reports Q3 2026 results

DLTR

Earnings

Guidance Update

Share Buyback

Dollar Tree delivered Q3 comp sales growth of 4.2%, net sales of $4.7 billion, and adjusted EPS of $1.21.
Gross margin expanded 40 bps to 35.0%, while adjusted operating income rose 4.1% to $345 million (7.3% margin).
Free cash flow was negative $57 million in Q3 (cash from operations of $319 million vs. CapEx of $376 million); YTD free cash flow totaled $88 million, and the company repurchased $1.5 billion of shares (16.7 million shares).
2026 guidance updated: Q4 comp sales of 4–6%, net sales of $5.4–$5.5 billion, and adjusted EPS of $2.40–$2.60; full-year comps raised to 5–5.5% and EPS to $5.60–$5.80.

12 hours ago

Transcript

Dollar Tree reports Q3 2026 results

DLTR

Earnings

Guidance Update

Share Buyback

Q3 net sales of $4.7 billion (+9.4%), comparable sales +4.2%, gross margin expanded 40 bps to 35%, and adjusted EPS of $1.21, all above outlook.
Multi-price strategy drove a record $200 million Halloween sales and lifted discretionary comps to 4.8%, while consumables comps rose 3.5%.
Repurchased $399 million of shares in Q3 and $1.5 billion year-to-date (≈8% of shares) at an average of $90 per share.
Guides Q4 comps of 4-6%, net sales $5.4-$5.5 billion, and EPS $2.40-$2.60; lifts full-year comps to 5-5.5% and EPS to $5.60-$5.80.

13 hours ago

Transcript

Dollar Tree reports record Q3 sales and raises full-year guidance

DLTR

Earnings

Guidance Update

M&A

Dollar Tree posted $4.7 billion in Q3 sales, a 9.4% increase, with same-store sales up 4.2%; adjusted EPS of $1.21 beat forecasts.
Full-year 2025 guidance was raised to $5.60–$5.80 in adjusted EPS and net sales of $19.35–$19.45 billion, narrowing prior ranges.
Q4 net sales are expected at $5.4–$5.5 billion with comparable store sales growing 4.0–6.0%, reflecting continued holiday demand.
The company’s multi-price strategy sees 85% of items priced at $2 or less and average item cost at $1.40, driving value-focused traffic.
Dollar Tree agreed to sell Family Dollar (≈7,000 stores) to private equity for $1 billion, streamlining its portfolio.

14 hours ago

Bloomberg

Dollar Tree reports Q3 2026 financial results

DLTR

Earnings

Share Buyback

Guidance Update

Diluted EPS from continuing operations of $1.20 and adjusted EPS of $1.21.
Comparable store sales grew 4.2%, driven by a 4.5% increase in average ticket (traffic down 0.3%); consumables comps +3.5%, discretionary comps +4.8%.
Dollar Tree segment gross margin expanded 40 bps to 35.8%, while adjusted operating margin contracted 30 bps to 7.3%.
YTD free cash flow of $88 M, cash & equivalents of $595 M; repurchased 4.1 M shares for $399 M in Q3 (YTD 16.7 M shares for $1.5 B).
Q4 sales guidance of $5.4–5.5 B, FY sales of $19.35–19.45 B; adjusted EPS guidance of $2.40–2.60 for Q4 and $5.60–5.80 for FY 2025.

15 hours ago

Presentation

Dollar Tree reports third quarter fiscal 2025 results

DLTR

Earnings

Share Buyback

Guidance Update

Net sales of $4.7 billion, up 9.4% year-over-year; same-store net sales grew 4.2%.
Diluted EPS from continuing operations of $1.20; adjusted EPS of $1.21.
Completed $1.5 billion of share repurchases year-to-date, with $2.0 billion remaining under authorization.
Raised outlook for Q4: comparable-store sales +4% to 6% and adjusted EPS of $2.40 to $2.60; full-year guidance now comp-store growth of 5.0% to 5.5%, net sales of $19.35 billion to $19.45 billion, and adjusted EPS of $5.60 to $5.80.

16 hours ago

8-K

Dollar Tree outlines growth strategy at Investor Day 2025

DLTR

Guidance Update

New Projects/Investments

Dollar Tree presented its standalone strategy post-Family Dollar sale, highlighting multi-price expansion as a key growth driver; since 2023 the company has added $2.6 billion in sales (7.5% CAGR) and $1 billion in gross profit (8% CAGR) through an optimized assortment.
Management reiterated a 5–7% annual top-line growth target—driven by 3–4% same-store sales plus new-store contributions—and projects 12–15% EPS CAGR, including $95 million of discrete cost savings in 2026.
The company plans to open about 400 new stores per year (adding ~3.6 million net sq ft), with each cohort expected to deliver 25%+ IRR and contribute ~$650 million in first-year sales.
A new store refresh program will touch approximately 3,000 existing stores and renovate over 100 locations to enhance customer experience and operational standards under the “Race to Gold” initiative.

Oct 15, 2025, 4:30 PM

Transcript

Dollar Tree outlines growth strategy at Investor Day 2025

DLTR

Guidance Update

Share Buyback

Dividends

Dollar Tree’s five-year growth algorithm targets 5–7% annual top-line growth driven by 3–4% same-store sales and ~2.5% from opening 400 new stores annually; Q3 2025-to-date comps at 3.8%.
The MultiPrice strategy, now at ~15% of mix above $2, has driven an average comp of 5% since 2022 and 6% in H1 2025, boosting basket size and margins through higher-AUR, faster-turning items.
A multiyear supply chain modernization plan—including a new 1 million sq ft DC in Marietta by 2027, network optimization to reach a 750:1 store-to-DC ratio by 2029, and AI-enabled IT systems—is underway to lower costs and support store growth.
Financial strategy emphasizes disciplined capital allocation: $1.2 billion in share repurchases YTD (~6% of shares), maintaining <2.5× leverage, and planning for a modest dividend next year while funding growth investments.

Oct 15, 2025, 4:30 PM

Transcript

Dollar Tree projects 12-15% EPS growth through 2028

DLTR

Guidance Update

Share Buyback

M&A

Dollar Tree reaffirmed its Q3 and FY 2025 guidance with 3.8% comparable same-store sales growth quarter-to-date in 2025.
The company expects 12–15% EPS CAGR from fiscal 2026 to 2028, including high-teens EPS growth in 2026 driven by cost benefits and the absence of discrete tariff and divestiture expenses.
Management is enhancing product assortment, customer experience, and supply chain as a standalone retailer following the $1 billion sale of Family Dollar.
Despite bearish technical indicators and elevated leverage, Dollar Tree’s stock has risen 28% YTD through October 2025.

Oct 15, 2025, 11:23 AM

Morningstar

Dollar Tree outlines 2025 Investor Day outlook

DLTR

Guidance Update

Share Buyback

Dollar Tree reaffirmed its third-quarter and fiscal 2025 outlook and provided a 12–15% EPS CAGR target for fiscal years 2026–2028 based on underlying 8–10% annual growth plus discrete cost benefits.
Fiscal 2026 EPS is expected to grow in the high-teens percentage due to the absence of recent tariff mitigation and multi-price conversion costs.
Through quarter-to-date Q3 2025, comparable same-store sales are up 3.8%, and the company has repurchased 2.8 million shares for $271 million; EPS guidance remains unchanged for any benefit from these buybacks.
The Investor Day held October 15, 2025, at the NASDAQ MarketSite detailed strategic initiatives across assortment, customer experience, supply chain, and standalone Dollar Tree growth.

Oct 15, 2025, 10:31 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for DOLLAR TREE.