Overview
- Dollar Tree posted third-quarter revenue of $4.75 billion and adjusted EPS of $1.21, topping Wall Street estimates.
- The company raised full-year adjusted earnings guidance to a range of $5.60 to $5.80 per share.
- Comparable sales rose 4.2% as the 3.0 multi-price format increased average ticket by 4.5% and attracted more higher-income shoppers.
- Expansion continued with 106 new stores opened and about 646 locations converted to the multi-price format during the quarter.
- Dollar Tree repurchased 4.1 million shares for $399 million with roughly $2.0 billion remaining under its authorization, while media reports differed on quarterly free cash flow figures.