Dollar Tree reported Q2 fiscal 2024 net sales of $7.37B, up 0.7% YoY, with enterprise same-store sales increasing 0.7%. Dollar Tree segment saw 1.3% same-store sales growth while Family Dollar segment declined 0.1%. Net income fell 31.9% to $132.4M, with diluted EPS of $0.62, including $0.30 impact from general liability claims costs.The company revised its fiscal 2024 outlook, projecting net sales of $30.6B to $30.9B and adjusted EPS of $5.20 to $5.60. The lowered guidance reflects Q2 results, a more conservative sales outlook, and additional costs related to 99 Cents Only Stores conversion. The company continues its strategic review of Family Dollar segment and has closed approximately 655 underperforming Family Dollar stores as part of portfolio optimization.During Q2, the company opened 155 new stores, repurchased 0.75M shares for $90.8M, and generated $307M in operating cash flow. The multi-price format rollout at Dollar Tree stores shows promising results, with meaningful sales lift observed in 1,600 converted stores.

Dollar Tree reported Q2 fiscal 2024 net sales of $7.37B, up 0.7% YoY, with enterprise same-store sales increasing 0.7%. Dollar Tree segment saw 1.3% same-store sales growth while Family Dollar segment declined 0.1%. Net income fell 31.9% to $132.4M, with diluted EPS of $0.62, including $0.30 impact from general liability claims costs.The company revised its fiscal 2024 outlook, projecting net sales of $30.6B to $30.9B and adjusted EPS of $5.20 to $5.60. The lowered guidance reflects Q2 results, a more conservative sales outlook, and additional costs related to 99 Cents Only Stores conversion. The company continues its strategic review of Family Dollar segment and has closed approximately 655 underperforming Family Dollar stores as part of portfolio optimization.During Q2, the company opened 155 new stores, repurchased 0.75M shares for $90.8M, and generated $307M in operating cash flow. The multi-price format rollout at Dollar Tree stores shows promising results, with meaningful sales lift observed in 1,600 converted stores.