Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +0.9% EPS YoY: -36.1% Move: +3.54%

Previous: Q1 2024 Next: Q3 2024

Dollar Tree Inc

DLTR

$123.83 3.54%

Exchange NASDAQ Sector Consumer Defensive Industry Discount Stores

Q2 2024

Published: Sep 4, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for DLTR

Reported

Report Date

Sep 4, 2024

Quarter Q2 2024

Revenue

7.38B

YoY: +0.9%

EPS

0.62

YoY: -36.1%

Market Move

+3.54%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $7.38B up 0.9% year-over-year
EPS of $0.62 decreased by 36.1% from previous year
Gross margin of 30.1%
Net income of 132.40M
""We believe we are and will continue to be one of those winning retailers." - Mike Creedon, COO" - Mike Creedon

DLTR

Dollar Tree Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

Dollar Tree Inc reported its Q2 2024 results on August 3, 2024, exhibiting a modest 0.7% increase in net sales to $7.4 billion, yet falling short of expectations due to adverse macroeconomic factors impacting customer spending behavior. The company faced particular headwinds with its higher-income shoppers, reflecting a shift in discretionary spending patterns, while the Family Dollar segment aligned closely with previous performance metrics. Despite a promising multi-price rollout with 1,600 converted stores achieving a 4.6% comp lift, the overall performance necessitated an adjustment of FY24 EPS guidance down to a range of $5.20 to $5.60, indicating management's cautious outlook amidst these pressures and a commitment to strategic transformation initiatives.

Key Performance Indicators

Revenue

Increasing

7.38B

QoQ: -3.33% | YoY: 0.87%

Gross Profit

Increasing

2.22B

30.10% margin

QoQ: -5.67% | YoY: 1.92%

Operating Income

Decreasing

203.10M

QoQ: -51.71% | YoY: -32.68%

Net Income

Decreasing

132.40M

QoQ: -55.88% | YoY: -37.55%

EPS

Decreasing

0.62

QoQ: -55.07% | YoY: -36.08%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance:
- Q2 Revenue: $7.38 billion (YoY increase of 0.87%)
- Q2 Gross Profit: $2.22 billion (Gross Profit Margin: 30.1%)
- Operating Income: $203 million (Operating Margin: 2.75%)
- Net Income: $132 million (EPS: $0.62, down 36.08% YoY)

Cash Flow Analysis:
- Operating Cash Flow: $307 million (compared to $172 million YoY)
- Free Cash Flow: $(195.9) million, impacted by high capital expenditures of $502 million for store renovations and openings.

Balance Sheet Health:
- Cash and Cash Equivalents: $570 million
- Total Debt: $10.80 billion (Debt to Equity Ratio: 1.46)
- Current Ratio: 1.01, indicating liquidity health, though close to 1.0.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.38B	0.87%	-3.33%
Gross Profit	2.22B	1.92%	-5.67%
Operating Income	203.10M	-32.68%	-51.71%
Net Income	132.40M	-37.55%	-55.88%
EPS	0.62	-36.08%	-55.07%

Key Financial Ratios

Gross Profit Margin

Fair

30.10%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

2.75%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

1.79%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

0.59%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.79%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.02

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.46

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

High Growth

40.41x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Fair Value

2.90x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	7,568.20	1.08	-12.4%	View
Q2 2024	7,378.80	0.62	+0.9%	View
Q1 2024	7,632.80	1.38	+4.2%	View
Q4 2023	8,639.90	-7.85	+18.0%	View

Dollar Tree Inc (DLTR) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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