Dollar Tree: EPS down 3% in Q1

(CercleFinance.com) - Dollar Tree reports adjusted EPS that is down 2.
7% to $1.43 for Q1, as well as an adjusted operating margin that is down 40bp to 5.7% on sales up 4.2% to $7.63bn.

On a same-store basis, sales for the operator of the Dollar Tree and Family Dollar banners rose by 1%, boosted by a 2.1% increase in footfall, partly offset by a 1.1% drop in average receipts.

For FY 2024, Dollar Tree says it anticipates adjusted EPS of $6.50 to $7, as well as sales of $31bn to $32bn, up in the low to mid-single digits on a comparable basis.

In addition, Dollar Tree says it has initiated a formal review of strategic alternatives for Family Dollar, which could include, among other things, a potential sale or demerger of the business.


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