Dollar Tree (DLTR) Q1 2026 Earnings
GAAP EPS of $1.76 includes a $5.2 million pre-tax non-operating insurance gain related to the Marietta, Oklahoma distribution center tornado. Adjusted EPS of $1.74 excludes this gain.
How Did DLTR Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −1.04%.
Did DLTR Beat Earnings? Q1 2026 Results
Yes. Dollar Tree reported Q1 2026 earnings of $1.74 a share on May 28, 2026, beating the $1.55 consensus estimate by 12.4%. Revenue was $5.0B against a $5.0B estimate.
Dollar Tree delivered a standout first quarter for fiscal 2026, posting adjusted diluted EPS of $1.74 and beating the $1.55 consensus estimate by 12.42%, as the company's post-Family Dollar transformation began to show clear financial momentum. Revenue rose 7.2% year-over-year to $4.97 billion, edging just past estimates, with 3.5% comparable store sales growth driven by a 4.5% lift in average ticket, a direct result of the company's aggressive rollout of its multi-price format, which now spans roughly 5,900 of its 9,382 locations. Gross margin expanded 120 basis points on the back of higher mark-on, lower freight costs, and reduced shrink, even as tariff pressures mounted, while operating income climbed 23% to $473.30 million. A sharply lower share count from aggressive buybacks also amplified per-share gains. The company expanded its DoorDash delivery partnership to more than 9,000 stores, adding a new growth dimension as management raised full-year adjusted EPS guidance to $6.70 to $7.10 and guided second-quarter adjusted EPS of $1.00 to $1.15 on comparable sales growth of 2.5% to 3.5%.
- Comparable store net sales increased 3.5%, driven by 4.5% increase in average ticket partially offset by 1.0% decline in traffic
- Gross margin expanded 120 basis points from higher mark-on, lower freight costs, and lower shrink
- Multi-price format expansion to approximately 5,900 stores
- Operating income margin expanded 120 basis points to 9.5%
- Share repurchases reduced diluted share count from 213.9 million to 197.4 million year-over-year
- Transition services agreement income of $21.1 million from Family Dollar separation
“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. 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.”
Dollar Tree CEO, on the earnings call
What Was Dollar Tree's Outlook in Q1 2026?
For fiscal 2026, the company raised its outlook and now 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%, approximately 400 new store openings and 75 closings, and adjusted diluted EPS of $6.70 to $7.10. For Q2 fiscal 2026, the company expects net sales of $4.8 billion to $4.9 billion based on 2.5% to 3.5% comparable store net sales growth, with adjusted diluted EPS of $1.00 to $1.15. The full-year outlook excludes the impact of tariff refunds.
DLTR YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.0B | $4.6B | +7.2% |
| Gross Profit | $1.8B | $1.7B | +11.0% |
| Operating Income | $473.3M | $384.1M | +23.2% |
| Net Income | $347.3M | $343.4M | +1.1% |
DLTR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.