Dollar Tree Inc
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.16%.
Did DLTR Beat Earnings? Q3 2026 Results
Dollar Tree delivered a notably strong third quarter for fiscal 2026, posting adjusted diluted EPS of $1.21 and beating the $1.08 consensus estimate by 11.80%, as its accelerating multi-price transformation continued to gain traction with shoppers. Revenue of $4.75 billion edged past the $4.69 billion consensus by 1.23%, though it reflected a 37.2% year-over-year decline following the divestiture of the Family Dollar segment. The single clearest driver of the beat was the company's multi-price strategy, which powered a 4.2% comparable store sales increase, lifted by a 4.5% rise in average ticket, while a record Halloween season underscored growing consumer enthusiasm for the format. Gross margin expanded 40 basis points to 35.8%, aided by improved pricing mark-on and lower freight costs, even as tariff headwinds and higher store payroll weighed on operating margin. With shares recently hitting a 52-week high, management raised its full-year adjusted EPS outlook to $5.60 to $5.80 and guided Q4 revenue of $5.40 billion to $5.50 billion, projecting comparable sales growth of 4% to 6%.
- Multi-price strategy driving strong momentum and record Halloween season
- 4.2% same-store net sales growth driven by 4.5% increase in average ticket
- Improved mark-on from pricing initiatives
- Lower domestic and import freight costs
- Favorable sales mix
- Conversion of approximately 646 stores to Dollar Tree 3.0 multi-price format in Q3
“Our multi-price strategy drove strong momentum across our business in the third quarter and helped deliver an all-time record Halloween season. Today's Dollar Tree is a preferred destination for a wide range of shoppers – whether they rely on us for everyday essentials, appreciate a fast and easy trip, or enjoy the excitement of discovering something unexpected.”
Dollar Tree CEO, on the earnings call
Forward Guidance & Outlook
For Q4 fiscal 2025, Dollar Tree expects net sales of $5.4 billion to $5.5 billion, with comparable store net sales growth of 4.0% to 6.0% and adjusted diluted EPS of $2.40 to $2.60. Full-year fiscal 2025 guidance was revised: net sales of $19.35 billion to $19.45 billion, comparable store net sales growth of 5.0% to 5.5%, and adjusted diluted EPS increased to $5.60 to $5.80 reflecting improved operating performance and year-to-date share repurchases. The outlook assumes current tariff levels as of December 3, 2025 remain in effect and that the company can mitigate most incremental margin pressure from higher tariffs and other input costs. Additional share repurchases are not included in the updated outlook.
DLTR YoY Financials
DLTR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.