Slide 1: Supplemental Financial Presentation 4th Quarter 2024
Supplemental Financial Presentation 4th Quarter 2024
Slide 2: Forward-looking Statements
Forward-looking Statements This Supplemental Financial Presentation contains “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995, concerning our business and outlook, including our expected sales, comparable store sales, and adjusted diluted ear
Slide 3: Key Takeaways Fourth Quarter 2024
KEY TAKEAWAYS Fourth Quarter 2024 Review of Strategic Alternatives Concludes with Agreement to Sell Family Dollar Adjusted Diluted EPS of $2.29, Including: o $2.11 from Continuing Operations and $0.18 from Discontinued Operations. Dollar Tree Sales Highlights o 2.0% comp driven by a 0.7% incre
Slide 4: Dollar Tree Comparable Store Sales Composition
Dollar Tree Comparable Store Sales Composition Traffic, Average Ticket, Consumables, and Discretionary1 FISCAL 2021 FISCAL 2022 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD TOTAL 4.7% (0.2%) 0.6% 3.1% 2.1% 11.2% 7.5% 8.6% 8.7% 9.0% Customer Traffic (4.4%) 1.1% (1.1%) (2.8%) (1.8%) (3.6%) (5.8%) (5.2%) (1.1%) (3.
Slide 5: Consumables vs. Discretionary Mix Shift Over Time
Dollar Tree Consumables vs. Discretionary Mix Shift Over Time Quarterly Results Annual Results YOY Consumables Mix Shift (bps) +180 +170 +220 +210 +220 +210 +150 +60 (90) (280) (20) +190 +160 48.0% 48.5% 48.4% 44.6% 49.9% 45.2% 48.3% 45.5% 45.3% 47.2% 48.8% 50.2% 50.6% 49.2% 52.0% 51.5% 51.6% 55.4%
Slide 6: Dollar Tree Consumables Market Share
Dollar Tree Consumables Market Share % Change vs. Last Year Market DT 12.1% 8.7% 9.2% 9.4% 7.2% 7.9% 7.5% 4.8% 5.8% 3.5% 2.7% $ Sales 2.2% 1.3% 2.2% 2.3% 1.1% Volume 8.4% 8.0% 6.4% 4.7% 3.6% 3.7% 0.7% 0.8% 0.9% 1.4% Unit 0.3% Volume -0.5% -1.5% -2.8% -3.0% -2.5% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 2023 FY 20
Slide 7: Sales per Square Foot
Sales per Square Foot Dollar Tree $234 $235 $235 $233 $234 $232 $232 $220 $227 $225 $200 $201 $203 $220 $221 $216 $212 $209 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Dollar Tree Dollar Tree Note: Sales per square foot is calculated based on LTM n
Slide 8: Operating Margin (GAAP)
Operating Margin (GAAP) Year-Over-Year Basis Point Change FY 2024 Q4 Trend Drivers Q1 Q2 Q3 Q4 Prior Year - GAAP 13.6% 10.3% 12.1% 17.4% ↓ Loss of sales leverage from the 53rd week in FY 2023 ↓ Lower initial mark-on Cost of sales 10 80 60 (130) ↓ Higher shrink, distribution, and markdown costs ↑ Low
Slide 9: Operating Margin (Non-GAAP)
Operating Margin (NON-GAAP) Year-Over-Year Basis Point Change FY 2024 Q4 Trend Drivers Q1 Q2 Q3 Q4 Prior Year - Non-GAAP 13.6% 10.3% 12.1% 17.6% ↓ Loss of sales leverage from the 53rd week in FY 2023 ↓ Lower initial mark-on Cost of sales 10 80 60 (130) ↓ Higher shrink, distribution, and markdown cos
Slide 10: Fiscal 2024 New Store Openings
Fiscal 2024 New Store Openings Dollar Tree 250 200 150 249 100 146 116 127 50 107 Year-to-Date 2023 2024 48 32 33 333 525 0 2023 2024 2023 2024 2023 2024 2023 2024 1Q 2Q 3Q 4Q 10
Slide 11: Corporate, Support, and Other SG&A and TSA Income
Corporate, Support, and Other SG&A and TSA Income Bridge from 2024 Actual to 2025 Pro Forma Outlook Assuming Annualized TSA ~$660 ~$550 ~$565 ~$(95) ~$470 ~$(95) 2% of Revenue 2024 Actual 2025 Outlook 2025 Outlook 2025 Outlook Assumed 2025 Pro Forma Target Corporate Corporate SG&A Corporate SG&A TSA
Slide 12: Updated Outlook – Continuing Operations
Updated Outlook – Continuing Operations First Quarter and Full-Year Fiscal 2025 First Quarter Fiscal Year Sales - Dollar Tree $4.5B - $4.6B $18.5B - $19.1B Comparable Sales - Dollar Tree 3% to 5% 3% to 5% Gross margin 1 - "modest improvement" 1 Dollar Tree Segment Adjusted SG&A Rate - ~50-80 bps del
Slide 13: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures From time-to-time, the Company discloses certain financial measures not derived in accordance with GAAP. These non-GAAP financial measures should not be used as a substitute for GAAP financial measures, or considered in isolation, for the purposes of analyzing o
Slide 14: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 4.) During the second quarter of fiscal 2024, we announced that we had initiated a formal review of strategic alternatives for the Family Dollar business segment, which could include among others, a potential sale, spin-off or other disposition of the business.
Slide 15: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures In addition, the Company discloses free cash flow, a non-GAAP financial measure that we calculate as net cash provided by operating activities less capital expenditures. The Company believes free cash flow is an important indicator of our liquidity as it measure
Slide 16: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 13 Weeks Ended 14 Weeks Ended 52 Weeks Ended 53 Weeks Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Reconciliation of Adjusted Operating Income - Dollar Tree Segment Operating income (GAAP) $ 759.1 $ 862.6 $ 2,088.6 $ 2,278.8 Add: Str
Slide 17: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 52 Weeks 13 Weeks Ended Ended May 4, August 3, November 2, February 1, February 1, 2024 2024 2024 2025 2025 Reconciliation of Adjusted Diluted Earnings (Loss) Per Share - Discontinued Operations Diluted earnings (loss) per share - discontinued operations (GAAP)
Slide 18: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 13 Weeks Ended Ended May 4, August 3, November 2, February 1, February 1, 2024 2024 2024 2025 2025 Reconciliation of Adjusted Diluted Earnings Per Share - Consolidated Diluted net earnings (loss) per share - consolidated (GAAP) $ 1.38 $ 0.62 $ 1.08 $ (17.17) $ (