Categories AlphaGraphs, Consumer, Earnings

DLTR Earnings: Dollar Tree Q1 earnings, revenue top expectations

Dollar Tree, Inc. (NASDAQ: DLTR) on Thursday announced first-quarter 2022 financial results, reporting a sharp increase in net profit amid a 6.5% sales growth. The numbers also beat analysts’ estimates.

The discount store chain reported net sales of $6.9 billion, up 6.5% year-over-year and above Wall Street’s projection. Total same-store sales rose 4.4%, with an 11.2% growth in the Dollar Tree segment more than offsetting a 2.8% decrease in Family Dollar comps.

First-quarter net income increased to $536.4 million or $2.37 per share from $374.5 million or $1.60 per share in the prior-year period.

“During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements. Shoppers are responding favorably as the new, greater value products hit our shelves,” said Michael Witynski, chief executive officer of Dollar Tree.

Check this space to read management/analysts’ comments on Dollar Tree’s Q1 report

Shares of Dollar Tree made strong gains early Thursday soon after the announcement, after closing the previous session higher.

Prior Performance

  • Dollar Tree Q3 2021 earnings infographic
  • Dollar Tree Q2 2021 earnings
  • Dollar Tree Q2 2021 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

DG Earnings: All you need to know about Dollar General’s Q1 2023 earnings results

Dollar General Corporation (NYSE: DG) reported its first quarter 2023 earnings results today. Net sales increased 6.8% year-over-year to $9.3 billion, driven mainly by positive sales contributions from new stores and

HRL Earnings: Key highlights from Hormel Foods’ Q2 2023 financial results

Hormel Foods Corporation (NYSE: HRL) reported second quarter 2023 earnings results today. Net sales of $3 billion were down 3.8% year-over-year. Net earnings attributable to Hormel Foods Corporation were $217.2

Everything you need to know about Salesforce’s Q1 2024 financial results

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in first-quarter adjusted earnings, aided by strong revenue growth. First-quarter profit, excluding non-recurring items, increased to $1.69

Add Comment
Viewing Highlight