Categories AlphaGraphs, Earnings, Retail
DLTR Earnings: All you need to know about Dollar Tree’s Q1 2024 earnings results
Dollar Tree, Inc. (NASDAQ: DLTR) reported first quarter 2024 earnings results today.
Consolidated net sales increased 4.2% year-over-year to $7.63 billion. Enterprise same-store sales increased 1%.
Net income was $300.1 million, or $1.38 per share, compared to $299 million, or $1.35 per share, last year. Adjusted EPS was $1.43.
Earnings surpassed estimates while revenue came in line.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/06/Dollar-Tree-Q1-2024-Earnings-Infographic-628x1024.jpg)
For the second quarter of 2024, the company expects consolidated net sales to range from $7.3-7.6 billion, based on comparable net sales growth in the low-single-digits for the enterprise. Adjusted EPS for the quarter is estimated to range between $1.00-1.10.
In its earnings report, Dollar Tree said it has initiated a formal review of strategic alternatives for its Family Dollar business segment, which could include among others, a potential sale, spin-off or other disposition of the business. The company has not set a deadline for the completion of this process, and there is no assurance that it will result in any transaction or particular outcome.
The stock dropped over 1% in premarket hours on Wednesday over news of the review of the Family Dollar business.
Prior performance
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/03/Dollar-Tree-Q4-2023-Earnings-Infographic-628x1024.jpg)
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed