Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

cab51e2b0e06cf108af31d2214f8a873c5fe1e7a66e11b752d62de5966311d3e

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

Selling, General, and Administrative Expenses (SG&A) [USD, Millions]

Research and Development (R&D) [USD, Millions]

Depreciation and Amortization (D&A) [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

Earnings Per Share (EPS) - Basic [USD]

Earnings Per Share (EPS) - Diluted [USD]

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Dollar Tree Segment

- Consumable

- Variety

- Seasonal

Family Dollar Segment

- Home Products

- Apparel and Accessories

- Seasonal and Electronics

Other Revenue

Total Revenue

4111e74b53e79157cfacf9fac5ffc070884e903508078c0e2d9e7118722cff15

Cash and Cash Equivalents (USD, millions)

Merchandise Inventories (USD, millions)

Other Current Assets (USD, millions)

Total Current Assets (USD, millions)

Restricted Cash (USD, millions)

Property, Plant and Equipment, Net (USD, millions)

Operating Lease Right-of-Use Assets (USD, millions)

Goodwill (USD, millions)

Other Assets (USD, millions)

Total Assets (USD, millions)

Current Portion of Long-term Debt (USD, millions)

Current Portion of Operating Lease Liabilities (USD, millions)

Accounts Payable (USD, millions)

Income Taxes Payable (USD, millions)

Other Current Liabilities (USD, millions)

Total Current Liabilities (USD, millions)

Long-term Debt, Net, Excluding Current Portion (USD, millions)

Operating Lease Liabilities, Long-term (USD, millions)

Deferred Income Taxes, Net (USD, millions)

Income Taxes Payable, Long-term (USD, millions)

Other Liabilities (USD, millions)

Total Liabilities (USD, millions)

Total Shareholders’ Equity (USD, millions)

Total Liabilities and Shareholders’ Equity (USD, millions)

7fc03d48d01f8f43138614b6d3e0c11818d4d84e1f985b0b39a0e70f40dd1d57

Net Sales (USD, millions)

Other Revenue (USD, millions)

Total Revenue (USD, millions)

Cost of Sales (USD, millions)

Selling, General and Administrative Expenses (USD, millions)

Operating Income (USD, millions)

Interest Expense, Net (USD, millions)

Other Expense, Net (USD, millions)

Income Before Income Taxes (USD, millions)

Provision for Income Taxes (USD, millions)

Net Income (USD, millions)

Basic Net Income per Share of Common Stock (USD)

Diluted Net Income per Share of Common Stock (USD)

a135751a2b4f58cf60528cfa320b84283005f08ca18e9e3b6a4356487d3992d0

The net sales jumped in Q4 2023 mainly due to a combination of strong same‐store sales growth and significant operational initiatives. Specifically, the **Dollar Tree segment achieved an 8.7% same-store sales growth** while the **Family Dollar segment saw a 5.8% increase**, and overall enterprise same‐store sales grew by **7.4%**.  **[0000935703-23-000011_ex991q4-22earningsannounce.htm:6]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:5]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:0]**  This growth was supported by an **increase in average ticket size** despite a slight decline in customer traffic, alongside the early positive impacts from transformation initiatives including investments in pricing, labor, and store conditions.  **[0000935703-23-000011_ex991q4-22earningsannounce.htm:6]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:5]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:0]**  Additionally, the company boosted its footprint by opening **123 new stores**, relocating **38 stores**, completing **112 Family Dollar store renovations**, and expanding its Multi-Price Plus offering to an additional **119 Dollar Tree stores**.  **[0000935703-23-000011_ex991q4-22earningsannounce.htm:6]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:5]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:0]** 

Why did Net Sales jump in Q4 2023?

The spike in Operating Income in Q4 2023 was driven by several factors. **Gross profit improved by 11.6% to $2.39 billion**, largely due to higher initial mark-on, lower freight costs, and improved sales leverage. Both the **Dollar Tree segment** and the **Family Dollar segment** saw margin improvements (110 basis points and 20 basis points respectively) which supported this increase. Additionally, **same-store sales grew by 7.4% overall**, bolstered by **8.7% growth at Dollar Tree** and **5.8% at Family Dollar**, contributing to a **9.0% revenue increase to $7.72 billion**. These positive effects were partially offset by an increase in SG&A expenses, including a **$23.9 million non-cash store impairment charge**.  **[0000935703-23-000011_ex991q4-22earningsannounce.htm:5]** **[DLTR_3230683_4]** **[0000935703-23-000011_ex991q4-22earningsannounce.htm:0]** 

What drove the spike in Operating Income in Q4 2023?

In Q1 2024, Dollar Tree experienced a significant drop in operating income due to several factors. The **gross margin** contracted by **340 basis points to 30.5%** because of a lower initial mark-on, an unfavorable sales mix, and increased shrink costs, which were only partially offset by lower freight expenses.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:1]**  Additionally, **SG&A expenses** increased from **23.3% to 24.8%** of total revenue due to higher store and field payroll expenses, repairs and maintenance, and professional fees.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:1]**  A further contributing factor was a **$30 million legal charge** related to a Family Dollar distribution facility, and there were also declines in segment performance, with the Dollar Tree segment margin falling from **20.2% to 13.6%** and the Family Dollar segment margin dropping from **2.9% to 0.3%**.  **[DLTR_3252980_3]** **[0000935703-23-000031_dltr-20230429.htm:19]** **[0000935703-23-000030_ex991q1-23earningspressrel.htm:4]** 

Why did Operating Income drop in Q1 2024?

The lower net income in **Q1 2024** was driven by several factors. Firstly, there was a **decline in gross margin by 340 basis points to 30.5%** due to factors like **lower initial mark-on, an unfavorable sales mix**, and **increased shrink**.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:1]**  Secondly, **increased SG&A expenses**—notably higher costs for **store and field payroll, repairs and maintenance, and professional fees**—further eroded profitability.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:1]**  Additionally, the quarter included a **$30 million legal reserve charge** related to issues at a Family Dollar distribution facility, which negatively impacted net income.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:1]**  Finally, a **42.6% decline in operating income** highlighted broader pressures on margins, with escalating costs and shifts such as a change in the sales mix towards consumables also contributing.  **[0000935703-23-000030_ex991q1-23earningspressrel.htm:0]** **[DLTR_3252980_0]** 

What factors led to the lower Net Income in Q1 2024?

**Basic EPS in Q2 2024 was much lower due to a significant decline in operating income and rising costs.** Specifically, operating income dropped by **43.1%**, driven by a **220 basis point decrease in gross margin**—partly because the company had already benefited from a prior year’s price rollout—and compounded by a **130 basis point increase in SG&A expenses** due to higher wage investments, incentive compensation, and additional costs for store improvements. Furthermore, **net income declined by 44.3%** as these margin pressures, along with elevated costs such as labor, utilities, and maintenance, took their toll. This combination of lower operating income, higher expenses, and a sales mix shift towards lower-margin consumables led to the markedly lower Basic EPS in Q2 2024.  **[DLTR_3382932_4]** **[0000935703-23-000050_dltr-20230729.htm:1]** 

Why was Basic EPS much lower in Q2 2024?

a5a5f8d50a2d74949754e00ebd4968480bd75ab874e534aec0f20290eecc5a8f

Total Assets were significantly lower in Q4 2024 primarily due to large **noncash impairment charges**. **Goodwill** dropped by **$1,069.3 million** and the **trade name intangible asset** declined by **$950 million**, reflecting impairments related to Family Dollar’s assets. In addition, **merchandise inventories** fell by **$336.5 million** and the **deferred tax asset** decreased by **$6.0 million**. Although these declines were partially offset by an increase in **property, plant, and equipment, net**, the overall impact led to significantly lower Total Assets in Q4 2024.  **[0000935703-24-000007_ex991q4-23earningspressrel.htm:6]** **[0000935703-24-000011_dltr-20240203.htm:71]** **[DLTR_3377913_7]** 

Why were Total Assets significantly lower in Q4 2024?

The sharp reduction in long-term debt in Q2 2025 was primarily due to the **reclassification of $1,000 million of long-term debt to the current portion**, meaning that a significant part of the debt is now due within the next 12 months.  **[0000935703-24-000039_ex991q2-24earningspr.htm:6]** **[0000935703-24-000041_dltr-20240803.htm:2]** 

What contributed to the sharp reduction in long-term debt in Q2 2025?

In Q3 **2025**, **Accounts Payable** increased significantly by **$882.5 million** compared to a decrease of **$41.7 million** in the same period of the previous year, but the documents do not provide specific details regarding the reasons for this spike.  **[0000935703-24-000059_dltr-20241102.htm:4]** 

Why did Accounts Payable spike in Q3 2025?

The documents indicate that the change in retained earnings for Q4 2024 was primarily driven by the **net income** generated during the period, which amounted to **$300.1 million**. Moreover, there were no significant deductions (such as dividend payments) reported for that period.  **[0000935703-24-000029_dltr-20240504.htm:2]**  However, the information provided does not explicitly describe factors that would have caused a decline in retained earnings, even though the Q4 figure appears lower compared to Q3. This suggests that the documents do not explain a decline based on any negative adjustments but rather focus on the contribution of net income.

What drove the decline in Retained Earnings in Q4 2024?

The significant drop in Goodwill in Q4 2024 was primarily driven by a **$1.07 billion goodwill impairment charge** recorded during the quarter. This impairment was part of a broader **$2 billion non-cash impairment charge** for the Family Dollar segment, which also included **$950 million related to the trade name**.  **[DLTR_3377913_7]** **[0000935703-24-000007_ex991q4-23earningspressrel.htm:6]** **[0000935703-24-000011_dltr-20240203.htm:71]** 

What caused the significant drop in Goodwill in Q4 2024?

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00409022cc3add2e452dde87fd398bfd7e1070121253ca99d7aea352c8a01c96

Dollar Tree Inc (DLTR)

Financials