Press release
Dollar Tree, Inc. 2023 Investor Conference to Outline Growth Strategies, Multi-Year Financial Outlook, and Expectations of Future Cash Available for Capital Allocation
CHESAPEAKE, Va.--(BUSINESS WIRE)-- Dollar Tree, Inc. (NASDAQ: DLTR) will host its 2023 Investor Conference in Norfolk, Va., today to discuss the Company’s
About this update from Dollar Tree, Inc.
[{"type":"text","content":" CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR) will host its 2023 Investor Conference in Norfolk, Va., today to discuss the Company’s strategy and financial outlook.\n\n\nThe event will feature presentations by Chairman & Chief Executive Officer Rick Dreiling, Chief Financial Officer Jeff Davis, and members of the Company’s executive management team. The presentations will provide an in-depth overview of the Company and its business segments, including growth strategies, financial objectives, multi-year outlook, and expectations of future cash available for capital allocation.\n\n\nThe executive team will share the Company’s strategy and execution plans for:\n\n\n\nImproving sales productivity and enhancing margins at Family Dollar\n\n\n\nExtending the multi-price journey at Dollar Tree\n\n\n\nOperating with excellence and store development throughout the enterprise\n\n\n\nDeveloping capabilities across supply chain, technology, and people\n\n\n\nAchieving $10+ Earnings per Share (EPS) in FY 2026\n\n\n\n“Dollar Tree is on an exciting path of accelerating sales and profit. We have compelling plans in place to deliver expanded value assortment across multiple price points, enhance store standards for our customers, and add new technology and capabilities to accelerate progress with our supply chain and people development,” said Dreiling. “As we pursue these initiatives, we are confident in our ability to achieve mid-single-digit comparable-store sales growth, gain market share, and expand our footprint. Achieving these results should drive substantial operating profit improvement across both banners, deliver EPS of $10 or more in fiscal year 2026, and produce significant available cash for shareholders. As we embark on this path forward, I truly believe that we have the strongest and most experienced executive team in the industry leading this transformation.”\n\n\nIn addition to outlining its strategy and financial outlook at today’s Investor Conference, the Company is reaffirming its outlook for second quarter and fiscal 2023:\n\n\nSecond Quarter 2023:\n\n\n\nConsolidated net sales of $7.0 billion to $7.2 billion\n\n\n\nMid-single-digit increases in same-store sales for the enterprise and for the Dollar Tree and Family Dollar segments.\n\n\n\nDiluted EPS of $0.79 to $0.89\n\n\n\nFiscal 2023:\n\n\n\nConsoli...