Slide 1: Supplemental Financial Presentation 3rd Quarter 2025
Supplemental Financial Presentation 3rd Quarter 2025
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: Third Quarter 2025 – Key Takeaways
Third Quarter 2025 – Key Takeaways Diluted EPS of $1.20 from Continuing Operations and Adjusted Diluted EPS of $1.21 From Continuing Operations Dollar Tree Sales Highlights o 4.2% comp driven by a 4.5% increase in average ticket and a 0.3% decrease in traffic o 3.5% consumables comp and 4.8% dis
Slide 4: Dollar Tree Comparable Store Sales Composition
Dollar Tree Comparable Store Sales Composition Traffic, Average Ticket, Consumables, and Discretionary1 FISCAL 2022 FISCAL 2023 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD TOTAL 11.2% 7.5% 8.6% 8.7% 9.0% 3.4% 7.8% 5.4% 6.3% 5.8% Customer Traffic (3.6%) (5.8%) (5.2%) (1.1%) (3.9%) 5.5% 9.6% 7.0% 7.1% 7.4% Averag
Slide 5: Comparable Store Sales Growth: 5-Year Stack
Comparable Store Sales Growth: 5-Year Stack Dollar Tree 24.0% 21.8% 12.8% 7.0% 5.3% 1 Year 2 Year 3 Year 4 Year 5 Year 2025e 2024-2025e 2023-2025e 2022-2025e 2021-2025e Note: Stack data based on midpoint of full-year 2025 comparable store sales outlook 5
Slide 6: 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) +180 +170 +220 +210 +220 +210 +150 +60 +20 0 (40) (90) (280) (20) +190 +160 44.6% 45.2% 48.0% 48.4% 48.5% 49.5% 49.9% 50.2% 50.4% 50.6% 50.6% 49.2% 48.3% 45.5% 45.3% 47.2% 48
Slide 7: Dollar Tree Consumables Market Share
Dollar Tree Consumables Market Share % Change vs. Last Year Market DT 11.7% 7.9% 7.5% 8.0% $ Sales 5.8% 6.1% Volume 3.5% 2.2% 2.7% 2.3% 2.3% 1.3% 1.6% 0.7% 7.8% 4.7% 4.8% Unit 3.7% Volume 0.7% 0.8% 0.9% 1.4% 0.3% 0.1% -0.5% -0.4% -1.1% -1.2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 2024 FY 2025 Source: Nielsen Ma
Slide 8: Sales per Square Foot
Sales per Square Foot Dollar Tree $237 $236 $234 $232 $234 $235 $235 $233 $232 $235 $220 $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 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 2022 2023 2024 2025 Dollar Tree Note: Sales per square foot is calculated based
Slide 9: Driving Leverage from Multi-Price Halloween Assortment
Driving Leverage from Multi-Price Halloween Assortment (Indexed to 2022 = 100) Sales Trend Merchandise Gross Profit1 Dollar Trend 318 373 123 123 102 103 2022 2023 2024 20251 2022 2023 2024 20251 All Items $2 and Under Over $2 All Items $2 and Under Over $2 Unit Trend Merchandise Gross Margin1 Dolla
Slide 10: Operating Margin (GAAP)
Operating Margin (GAAP) Dollar Tree Segment FY 2025 Q3 Trend Drivers Q1 Q2 Q3 Prior Year - GAAP 12.5% 8.4% 10.7% ↑ Mark-on ↑ Freight ↑ Mix Cost of sales 20 20 40 ↓ Tariffs ↓ Markdowns ↓ Shrink ↓ Store payroll to support pricing initiatives and wage increases ↓ General liability claims Selling, gener
Slide 11: Operating Margin (NON-GAAP)
Operating Margin (NON-GAAP) Dollar Tree Segment FY 2025 Q3 Trend Drivers Q1 Q2 Q3 Prior Year - NON-GAAP 12.5% 8.4% 10.7% ↑ Mark-on ↑ Freight ↑ Mix Cost of sales 20 20 40 ↓ Tariffs ↓ Markdowns ↓ Shrink ↓ Store payroll to support pricing initiatives and wage increases ↓ General liability claims Sellin
Slide 12: New Store Openings
New Store Openings Dollar Tree 249 249 146 148 116 127 116 127 107 106 106 Year-to-Date 2024 2025 48 32 33 492 360 2023 2024 2023 2024 2023 2024 2023 2024 2024 2025 2024 2025 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 12
Slide 13: Updated Outlook – Continuing Operations
Updated Outlook – Continuing Operations Fourth Quarter and Full-Year Fiscal 2025 Fourth Quarter Fiscal Year Sales - Dollar Tree $5.4B - $5.5B $19.35B - $19.45B Comparable Sales - Dollar Tree 4% to 6% 5.0% to 5.5% Gross margin 1 - up 50 to 60 bps Dollar Tree Segment Adjusted SG&A Rate - ~120 bps dele
Slide 14: 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 15: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures A reconciliation of the projected adjusted diluted EPS, which is a forward-looking non-GAAP financial measure, to the most directly comparable GAAP financial measure, is not provided because the company is unable to provide such reconciliation without unreasonab
Slide 16: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 13 Weeks Ended 39 Weeks Ended November 1, 2025 November 2, 2024 November 1, 2025 November 2, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Reconciliation of Adjusted Operating Income - Dollar Tree Segment Operating income (GAAP) $ 455.0 $ 465.2 $ 1,344.7
Slide 17: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures 13 Weeks Ended 39 Weeks Ended November 1, 2025 November 2, 2024 November 1, 2025 November 2, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Reconciliation of Adjusted Diluted Earnings Per Share - Continuing Operations Diluted earnings per share - continuin