Press release
Dollar Tree, Inc. Reports Results for the Third Quarter Fiscal 2023
Same-Store Net Sales: Dollar Tree +5.4%; Family Dollar +2.0%; Enterprise +3.9% Comparable Transaction Count: Dollar Tree +7.0%; Family Dollar +1.4% Diluted
About this update from Dollar Tree, Inc.
[{"type":"text","content":"\n\nSame-Store Net Sales: Dollar Tree +5.4%; Family Dollar +2.0%; Enterprise +3.9%\n\n\n\nComparable Transaction Count: Dollar Tree +7.0%; Family Dollar +1.4%\n\n\n\nDiluted Earnings per Share (EPS) $0.97, Including $0.05 of Costs Related to a Voluntary Retail-Level Product Recall in the Family Dollar Segment\n\n\n\nFiscal 2023 Net Sales Outlook Range to $30.5 Billion to $30.7 Billion\n\n\n\nFiscal 2023 Diluted EPS Outlook Range to $5.81 to $6.01, Including $0.12 per Share Legal Reserve from Q1 2023\n\n\n\n CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its third quarter ended October 28, 2023.\n\n\n“Our third-quarter results were within our expectations thanks to continued execution across all aspects of our business transformation,” said Rick Dreiling, Chairman and Chief Executive Officer. “In a challenging environment, our performance was among the best in retail as we continue to grow traffic, unit, and sales per square foot.”\n\n\n“We are pleased with our top-line performance in the third quarter. Overall, we generated five percent more gross profit dollars than last year as consumers continue to respond positively to our growth initiatives,” stated Jeff Davis, Chief Financial Officer.\n\n\nAdditional Business Highlights\n\n\n\nOpened 197 new stores\n\n\n\nExpanded multi-price Plus offering to 870 additional Dollar Tree stores\n\n\n\nAdded $3, $4, and $5 frozen and refrigerated items to 920 additional Dollar Tree stores\n\n\n\nNet cash provided by operating activities increased $292.3 million compared to Q3 2022\n\n\n\nIncreased free cash flow by $142.1 million compared to Q3 2022\n\n\n\n\n\nThird Quarter 2023 Key Operating Results\n\n\n\n\n\n\n\n\n \n\n\n\n\n(Compared to same period fiscal 2022)\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ3\n\n\n\n\nFiscal 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\nChange\n\n\n\n\n\n\n \n\n\n\n\n\n\nYTD\n\n\n\n\nFiscal 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\nChange\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nConsolidated Net Sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n$7.31B\n\n\n\n\n\n\n \n\n\n\n\n\n\n5.4%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$21.9B\n\n\n\n\n\n\n \n\n\n\n\n\n\n6.5%\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\...