Slide 1: Supplemental Financial Presentation 1st Quarter 2026
Supplemental Financial Presentation 1st Quarter 2026
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: First Quarter 2026 – Key Takeaways
First Quarter 2026 – Key Takeaways ✓ Strong Top-Line Growth o Net sales increased 7.2% to approximately $5.0 billion o Comparable sales increased 3.5% (Ticket +4.5%, Traffic -1.0%) o Discretionary comp +3.9%, Consumables comp +3.2% ✓ Margin Expansion o Gross margin expanded 120 bps year-over-year o
Slide 4: Dollar Tree Comparable Store Sales Composition
Dollar Tree Comparable Store Sales Composition Traffic, Average Ticket, Consumables, and Discretionary1 FISCAL 2023 FISCAL 2024 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD TOTAL 3.4% 7.8% 5.4% 6.3% 5.8% 1.7% 1.3% 1.8% 2.0% 1.7% Customer Traffic 5.5% 9.6% 7.0% 7.1% 7.4% 2.8% 1.4% 1.5% 0.7% 1.6% Average Ticket (2
Slide 5: Consumable vs. Discretionary Mix Shift Over Time
Dollar Tree Consumable vs. Discretionary Mix Shift Over Time Quarterly Results Annual Results YOY Consumables Mix Shift (bps) +220 +210 +150 +60 +20 0 (40) (60) (20) (90) (280) (20) +190 +160 (20) 44.6% 45.2% 49.5% 49.9% 50.2% 50.2% 50.4% 50.6% 50.6% 49.2% 48.3% 45.5% 45.3% 47.2% 48.8% 48.6% 55.4% 5
Slide 6: Sales per Square Foot
Sales per Square Foot $241 $242 $241 $237 $236 $234 $232 $234 $235 $235 $233 $235 $220 $232 $227 $200 $201 $203 $225 $220 $221 $216 $212 $209 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 2022 2023 2024 2025 2026 Dollar Tree Note: Sales per square foot
Slide 7: Operating Margin (GAAP)
Operating Margin (GAAP) FY 2026 Q1 Trend Drivers Q1 Prior Year - GAAP 8.3% Mark-on Freight Cost of sales 120 Shrink Tariffs Markdowns Payroll Marketing investments Selling, general and administrative (50) General liability claims D&A from store investments Transition services agree
Slide 8: Operating Margin (NON-GAAP)
Operating Margin (NON-GAAP) FY 2026 Q1 Trend Drivers Q1 Prior Year - NON-GAAP 8.4% Mark-on Freight Cost of sales 120 Shrink Tariffs Markdowns Payroll Selling, general and administrative Marketing investments inclusive of transition services (10) General liability claims agreement inc
Slide 9: New Store Openings
New Store Openings Dollar Tree 249 148 148 116 127 106 106 113 Year-to-Date 2025 2026 33 42 148 113 2024 2025 2024 2025 2024 2025 2024 2025 2025 2026 1Q 2Q 3Q 4Q 1Q 9
Slide 10: Outlook – Continuing Operations
Outlook – Continuing Operations Second Quarter and Full-Year Fiscal 2026* Second Quarter Fiscal Year Sales - Dollar Tree $4.8B - $4.9B $20.5B - $20.7B Comparable Sales - Dollar Tree 2.5% to 3.5% 3.0% to 4.0% Gross margin 1 - Roughly flat 2 Adjusted SG&A Rate - Modest leverage Adjusted Corporate SG&A
Slide 11: 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 12: 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 13: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures Note: Non-GAAP reconciliations for quarters prior to the current quarter are provided in the applicable Supplemental Financial Presentations available in the Financial Results section of the Company’s IR site. 13
Slide 14: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures Note: Non-GAAP reconciliations for quarters prior to the current quarter are provided in the applicable Supplemental Financial Presentations available in the Financial Results section of the Company’s IR site. 14
Slide 15: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures Note: Non-GAAP reconciliations for quarters prior to the current quarter are provided in the applicable Supplemental Financial Presentations available in the Financial Results section of the Company’s IR site. 15
Slide 16: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures Note: Non-GAAP reconciliations for quarters prior to the current quarter are provided in the applicable Supplemental Financial Presentations available in the Financial Results section of the Company’s IR site. 16