Dollar Tree, Inc. (NASDAQ: DLTR) reported its fourth quarter 2023 earnings results today.
Consolidated net sales increased 11.9% year-over-year to $8.63 billion. Enterprise same-store net sales increased 3%.
Net loss was $1.71 billion, or $7.85 per share, compared to net income of $452.2 million, or $2.04 per share, last year. Adjusted EPS rose 25% to $2.55.
Revenue and earnings missed expectations, sending the stock plummeting over 7% in premarket hours on Wednesday.
The company expects consolidated net sales for the first quarter of 2024 to range from $7.6-7.9 billion, based on a low-to-mid-single digit increase in same-store sales for the enterprise. EPS is estimated to be $1.33-1.48.
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