Dollar Tree (DLTR) Q2 2026 Earnings
Includes a $1.31 per share benefit related to the net impact of IEEPA tariff refunds totaling $383 million ($369 million in cost of sales and $14 million of interest in other income, net), partially offset by reinvestment expenses of $22 million in cost of sales and $15 million in SG&A, and $13 million of certain duties on aluminum pans and paper plates, all net of tax
How Did DLTR Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.89%.
Did DLTR Beat Earnings? Q2 2026 Results
Yes. Dollar Tree reported Q2 2026 earnings of $2.70 a share on Aug 27, 2026, beating the $1.13 consensus estimate by 138.6%. Revenue was $4.9B against a $4.9B estimate.
Dollar Tree posted a blowout second quarter of fiscal 2026, with GAAP diluted EPS of $2.70 beating the $1.13 consensus estimate by 138.60%, while revenue climbed 7.0% year-over-year to $4.89 billion, edging past the $4.85 billion consensus by 0.75%. The headline EPS figure, though reported on a GAAP basis, was materially shaped by a $1.31 per share net benefit from IEEPA tariff refunds totaling $383.00 million, partially offset by $22.00 million in reinvestment costs in cost of sales, $15.00 million in SG&A reinvestment, and $13.00 million of certain duties on aluminum pans and paper plates. Beyond the tariff tailwind, the quarter showed genuine operational momentum, with comparable store sales up 3.7% and traffic turning positive at 0.4% growth after negative readings in the first half of the year. The company also repurchased $605.00 million of stock in the quarter, underscoring management's confidence in the business, and raised its fiscal 2026 adjusted EPS outlook to $7.70 to $8.05, including an approximate $0.60 tariff refund benefit, even as Q3 faces a roughly $0.50 headwind from reinvestment spending.
- 3.3% increase in average ticket and 0.4% increase in traffic drove 3.7% comparable store sales growth
- IEEPA tariff refunds totaling $383 million contributed 650 basis points to operating margin expansion
- Lower tariff rates, favorable shrink, and occupancy leverage improved gross margin beyond tariff refund effects
- Lower payroll expenses reduced SG&A as a percentage of revenue
- Multi-price format conversion reaching approximately 6,600 stores
- Transition services agreement income of $18 million in Q2
“What continues to set Dollar Tree apart is our ability to deliver value, convenience, and the excitement of discovery all in one shopping trip. Positive traffic trends helped drive strong comparable sales growth and EPS exceeded the high end of our outlook. Our strategies are unlocking a better assortment in better-run stores, while allowing us to engage customers in more relevant and compelling ways. While we are proud of the progress we have made, we are even more focused on the opportunities ahead as we continue investing in the customer experience, strengthening the business, and driving profitable long-term growth.”
Dollar Tree CEO, on the earnings call
What Is Dollar Tree's Outlook?
For fiscal 2026, Dollar Tree expects net sales from continuing operations of $20.5 billion to $20.7 billion, based on comparable store net sales growth of 3% to 4%, with approximately 400 new store openings and 75 closings. The company raised its adjusted diluted EPS outlook to $7.70 to $8.05, including an approximate $0.60 benefit related to the net impact of tariff refunds. For Q3 fiscal 2026, net sales are expected to be $5.0 to $5.1 billion based on comparable store net sales growth of 3.0% to 4.0%, with diluted EPS of $0.80 to $0.95 including an approximate $0.50 impact related to tariff refund reinvestments.
DLTR YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.9B | $4.6B | +7.0% |
| Gross Profit | $2.1B | $1.6B | +33.4% |
| Operating Income | $690.1M | $223.0M | +209.5% |
| Net Income | $514.5M | $188.4M | +173.1% |
DLTR Revenue by Segment
When Does Dollar Tree Report Next?
Figures from SEC filings and company reports. Not investment advice.