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Dollar Tree Inc

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Dollar Tree Inc dropped 12.5% to $135.50 after the deep discount retailer reported mixed quarterly results.

Consolidated net sales increased 6.1% to $7.32 billion, driven by companywide same store sales increase of 4.8%.

Dollar Tree same store sales increased 3.4%, driven by a 5.5% increase in traffic, partially offset by a 2.1% decline in average ticket.

Family Dollar’s 6.6% same store sales increase comprised of a 4.3% increase in traffic along with a 2.2% increase in average ticket.

Companywide net sales increased to $7.3 billion from $6.9 billion and net income declined to $299 million from $536.4 million and diluted earnings per share fell to $1.35 from $2.37 a year ago.

In the quarter, the company repurchased 1.025 million shares for $151.1 million.

The retailer guided full-year sales between $30 billion and $40.5 billion, driven by low- to mid-single-digit comparable same store sales.

The company guided second quarter sales between $7.0 billion and $7.2 billion and same store sales to increase in mid-single-digit sales and earnings per share between 79 cents and 89 cents.
May 25, 2023

Year	May	Aug	Nov	Feb	Annual

2023	2.04	1.35	0.91	0.97	-
2022	2.01	2.37	1.6	1.20	7.21
2021	2.12	1.6	1.23	0.96	5.8
2020	0.51	1.04	1.1	1.39	5.65
2019	1.93	1.14	0.92	1.79	3.47
2018	1.89	1.19	1.15	1.18	-6.69
2017	1.39	0.98	0.99	1.01	4.37
2016	1.01	0.89	0.72	0.81	3.43
2015	1.16	0.71	0.25	0.49	2.61
2014	0.67	0.59	0.64	0.99	2.72
2013	0.59	0.56	0.58	0.99	2.68
2012	0.50	0.51	0.68	0.78	2.01
2011	0.41	0.39	0.43	0.64	1.55
2010	0.25	0.31	0.37	0.50	1.19
2009	0.22	0.21	0.26	0.39	0.85
2008	0.16	0.14	0.16	0.33	0.7
2007	0.13	0.11	0.13	0.31	0.62
2006	0.10	0.09	0.11	0.27	0.53
2005	0.09	0.08	0.10	0.24	0.53