Dollar Tree, Inc. Reports Second Quarter Fiscal 2024 Results

Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for the second quarter ended August 3, 2024.

“We are encouraged by the continued progress we are making in the transformation underway at Dollar Tree and Family Dollar, despite the immense pressure of a challenging macro environment,” said Rick Dreiling, chairman and CEO. “Customers are responding positively to initiatives like our expanded multi-price offerings, and we are already seeing meaningful sales growth at the 1,600 Dollar Tree stores that have converted to our newest in-line multi-price format. With thousands more stores to convert, we believe we are still in the early stages of this rollout, with many years of headroom ahead of us.”

Chief Financial Officer Jeff Davis added: “Our adjusted EPS of $0.67 was $0.38 lower than the midpoint of our previous outlook range. While the vast majority of this variance was attributable to an adjustment to our general liabilities, a portion was attributable to a comp deficit that reflected the increasing impact of macroeconomic pressures on the purchasing behavior of Dollar Tree’s middle- and upper-income customers.”