Dollar Tree sales, comps and earnings all advanced in the first quarter as the company continued to add stores.
Income from continuing operations was $347.3 million or $1.76 per diluted share, versus $313.5 million, or $1.47 per diluted share, in the quarter a year before. On an adjusted basis, income from continuing operations was $343.4 million, or $1.74 per diluted share, versus $269.7 million, or $1.26 per diluted share, in the year-previous period, Dollar Tree maintained.
An analyst consensus estimate from Zacks Investment Research called for earnings per adjusted diluted earnings per share of $1.53 and revenues of $4.96 billion.
Net sales increased 7.2% to $4.97 billion as comparable store sales gained 3.5% versus the year-earlier quarter, driven by a 4.5% increase in average ticket partially offset by a 1% decline in traffic, the company reported. Operating income advanced 23% to $473.3 million in the year-prior period, while adjusted operating income increased 22% to $473.3 million.
Dollar Tree reported it opened 113 new namesake stores during the quarter.
“Our first quarter results reflect continued progress across the business and demonstrate the strength of Dollar Tree’s position as the preferred destination for value, convenience and discovery,” said Mike Creedon, Dollar Tree CEO. “We continued advancing our strategic plan: a more relevant assortment, agile cost management, a stronger customer connection and new store growth coupled with improved store conditions, all driving operating margin expansion and delivering a strong bottom-line performance. As we celebrate our 40th anniversary in 2026, we are encouraged by the progress we are seeing across the business and remain focused on making thoughtful investments in our stores, assortment and customer experience, building Dollar Tree to last for decades to come.”
