Press release
Dollar Tree, Inc. Reports Results for the Fourth Quarter and Fiscal Year 2022
Q4 Same-Store Sales: Dollar Tree +8.7%; Family Dollar +5.8%; Enterprise +7.4% Q4 Diluted Earnings per Share (EPS) $2.04 Company is Accelerating its
About this update from Dollar Tree, Inc.
[{"type":"text","content":"\n\nQ4 Same-Store Sales: Dollar Tree +8.7%; Family Dollar +5.8%; Enterprise +7.4%\n\n\nQ4 Diluted Earnings per Share (EPS) $2.04\n\n\nCompany is Accelerating its Transformation Initiatives and Pulling-Forward Investments to Deliver on its Full Potential\n\n\nFiscal 2023 EPS Outlook of $6.30 to $6.80 includes:\n\n\nAn Estimated $0.29 per Share Benefit from 53rd Week\n\n\nApproximately $1.45 per Share Operating Expense Investment\n\n\nOutlook Includes Only Minimal Benefit from Investments\n\n\nInvestments Will Yield Attractive Returns by 2024 and Beyond\n\n\n$1.00 per Share of Reduced Freight Expenses with Additional Benefit of Approximately $1.00 Expected in 2024 and Beyond, Based on Current Market Conditions\n\n\n\n\nFiscal 2023 Same-Store Sales Outlook by Segment:\n\n\nDollar Tree Low Single-Digit Increase; Family Dollar Mid-Single-Digit Increase\n\n\n\n\n\n\n \n\n CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter and fiscal year ended January 28, 2023.\n\n“Our sales performance shows that our third quarter sales momentum continued into the fourth quarter. The same-store sales growth of 8.7% at Dollar Tree and 5.8% at Family Dollar represented comp sales accelerations on a one-, two- and three-year stacked basis, and are evidence that the early transformation actions taken since last summer are already beginning to have a positive impact,” stated Rick Dreiling, Chairman and Chief Executive Officer. “We are committed to driving further store productivity as we focus on developing our people, tools and technology to fuel our accelerated growth, while simplifying our operations, improving our supply chain and innovating our merchandising strategy to better support our associates and to better serve our shoppers.”\n\nFiscal 2022 Key Operating Results\n\n(compared to same periods fiscal 2021)\n\n\n\n \n\n\n\nFiscal Q4 2022\n\n\n\nFiscal 2022\n\n\n\n\n\n$\n\n\n\n% Change\n\n\n\n$\n\n\n\n% Change\n\n\n\n\n\nConsolidated Net Sales\n\n\n\n$7.72B\n\n\n\n9.0%\n\n\n\n$28.32B\n\n\n\n7.6%\n\n\n\n\n\nSame-Store Sales:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nDollar Tree Segment\n\n\n\n \n\n\n\n8.7%\n\n\n\n \n\n\n\n9.0%\n\n\n\n\n\nFamily Dollar Segment\n\n\n\n\n5.8%\n\n\n\n\n2.4%\n\n\n\n\n\nEnterprise\n\n\n\n\n7.4%\n\n\n\n\n5.9%\n\n\n\n\n\nOperating Income\n\n\n\n...