Dollar Tree's interim CEO told analysts the company has strategies it can implement, such as changing or removing certain products to mitigate risks from tariffs.
Shopper discretionary spending trends are impacting Family Dollar parent company Dollar Tree, as paycheck-to-paycheck consumers continue to feel squeezed in an uncertain economy. Dollar Tree, which operates more than 16,000 stores across the U.S. and Canada, faces a challenging retail landscape as inflationary pressures weigh on shoppers, especially those from lower-income households.
DLTR's fiscal Q3 results reflect strength across both Dollar Tree and Family Dollar segments, driven by robust comps performance aided by improved traffic and average ticket.
Dollar Tree, Inc. (NASDAQ:DLTR ) Q3 2024 Earnings Conference Call December 4, 2024 8:00 AM ET Company Participants Robert LaFleur - Senior Vice President, Investor Relations Michael Creedon - Interim Chief Executive Officer Jeff Davis - Chief Financial Officer Conference Call Participants Michael Lasser - UBS Edward Kelly - Wells Fargo Matthew Boss - JPMorgan Erica Eiler - Oppenheimer Zhihan Ma - Bernstein John Heinbockel - Guggenheim Securities Simeon Gutman - Morgan Stanley Kate McShane - Goldman Sachs Ryan Bulger - Gordon Haskett Krisztina Katai - Deutsche Bank Seth Sigman - Barclays Operator Greetings and welcome to the Dollar Tree Q3 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Dollar Tree (DLTR) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dollar Tree (DLTR) shares rose Wednesday morning after the discount retailer reported better-than-expected third-quarter results.
On Wednesday, Dollar Tree, Inc. DLTR reported third-quarter adjusted EPS of $1.12, up 15.5% year over year and beating the consensus of $1.07.
Retailer opens 249 new stores, books a 1.5% increase in traffic and says its Family Dollar review is on track.
Dollar Tree (DLTR) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.97 per share a year ago.
The retailer reported third-quarter adjusted earnings of $1.12 a share on sales of $7.56 billion, beating analysts' expectations.
Dollar Tree beat third-quarter sales estimates on Wednesday, as more customers shopped at its discount stores for non-expensive essentials including groceries.
Investors may be wondering if the recent rebound in Dollar Tree (DLTR) stock can continue with its Q3 results approaching on Wednesday, December 4.