- Same-Store Net Sales: Dollar Tree +1.7%; Family Dollar
+0.1%; Enterprise +1.0%
- Diluted Earnings per Share (EPS) of $1.38
- Adjusted Diluted EPS of $1.43
- Fiscal 2024 Net Sales Outlook Range of $31.0 Billion to
$32.0 Billion
- Fiscal 2024 Adjusted Diluted EPS Outlook Range of $6.50 to
$7.00
- Outlook Includes Incremental Operating Expenses Related to
Loss of Marietta DC
- Announced Review of Strategic Alternatives for Family Dollar
Business Segment
Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial
results for its first quarter ended May 4, 2024.
“We are pleased to deliver first quarter adjusted EPS results
that are towards the high end of our outlook range,” said Rick
Dreiling, Chairman and Chief Executive Officer. “At Dollar Tree we
remain focused on rapidly rolling out our next generation of
multi-price stores and at Family Dollar we are taking the steps
necessary to position the business for long-term success.”
Chief Financial Officer Jeff Davis added, “Our operating
performance was solid despite a soft Easter season for Dollar Tree.
The results reflect our operating discipline and careful expense
management throughout the quarter.”
Additional Business
Highlights
- Opened 116 new Dollar Tree and 41 new Family Dollar stores
- Converted 926 Dollar Tree stores to in-line multi-price
format
- Generated $696 million of net cash provided by operating
activities
- Generated $224 million of free cash flow
- Repurchased 2.5 million shares for $313 million
First
Quarter 2024 Key Operating Results (unaudited)
(Compared to same period fiscal 2023)
Q1
Fiscal 2024
Change
Consolidated Net Sales
$7.63B
4.2%
Same-Store Net Sales Growth:
Dollar Tree Segment
1.7%
Family Dollar Segment
0.1%
Enterprise
1.0%
Operating Income
$420.6M
0.2%
Diluted EPS
$1.38
2.2%
Adjusted Operating Income1
$435.6M
-3.1%
Adjusted Diluted EPS1
$1.43
-2.7%
1Adjustments are related to store
closure costs and legal reserves. See “Reconciliation of Non-GAAP
Financial Measures” below for detailed schedules of these
charges.
First Quarter Results
Unless otherwise noted, all comparisons are to the prior year’s
first quarter, ended April 29, 2023.
Consolidated net sales increased 4.2% to $7.63 billion.
Enterprise same-store net sales increased 1.0%, driven by a 2.1%
increase in traffic, offset by a 1.1% decrease in average ticket.
Dollar Tree same-store net sales increased 1.7%, driven by a 2.8%
increase in traffic, offset by a 1.1% decrease in average ticket.
Family Dollar’s same-store net sales increased 0.1%, driven by a
0.9% increase in traffic, offset by a 0.8% decrease in average
ticket. Same-store net sales results for the Family Dollar segment
do not include any stores that were closed during the first quarter
as part of our previously announced portfolio optimization.
Gross profit increased 5.3% to $2.35 billion and gross margin
expanded 30 basis points to 30.8%. Gross margin expansion was
driven primarily by a decrease in freight costs, partially offset
by a higher mix of lower-margin consumables sales, and higher
shrink.
Selling, general and administrative expenses were 25.3% of total
revenue, compared to 24.8%. The increase was driven primarily by
temporary labor in the Dollar Tree segment to support our
multi-price rollout, higher depreciation expense, and severance and
retention-related costs related to store closures in the Family
Dollar segment, partially offset by lower legal costs in the Family
Dollar segment.
On a non-GAAP basis, which excludes store closing costs and the
litigation accruals, adjusted selling, general and administrative
costs were 25.1% of total revenue, compared to 24.4%.
Operating income increased 0.2% to $420.6 million and operating
margin declined 20 basis points to 5.5%. On a non-GAAP basis,
adjusted operating income decreased 3.1% to $435.6 million and
adjusted operating margin declined 40 basis points to 5.7%.
The Company’s effective tax rate was 24.2% compared to 24.1%. On
a non-GAAP basis, the adjusted effective tax rate was 24.2%
compared to 23.3%.
Net income was $300.1 million and diluted earnings per share was
$1.38. On a non-GAAP basis, adjusted net income was $311.5 million
and adjusted diluted EPS was $1.43.
The company repurchased 2.5 million shares for $313 million,
including applicable excise tax.
Review of Strategic Alternatives for
Family Dollar
In a separate press release today, the Company announced that it
has initiated a formal review of strategic alternatives for the
Company’s Family Dollar business segment, which could include among
others, a potential sale, spin-off or other disposition of the
business.
The Company has not set a deadline or definitive timetable for
the completion of the strategic alternatives review process, and
there can be no assurance that this process will result in any
transaction or particular outcome. The Company does not intend to
comment further unless and until the Board has approved a specific
course of action or the Company has otherwise determined that
further disclosure is appropriate or necessary.
Tornado Damage to Distribution Center
Located in Marietta, Oklahoma
On April 28, 2024, a tornado destroyed the Company’s
distribution center in Marietta, Oklahoma. Based on the significant
damage sustained by the facility, the inventory contained in the
facility and the facility itself are not salvageable. The Company
incurred losses totaling $117.0 million as of May 4, 2024,
consisting of $70.0 million related to damaged inventory and $47.0
million related to property and equipment. Our distribution center
insurance policies include significant property and inventory
coverage, and we believe the aforementioned incurred losses will be
fully offset by insurance recoveries.
Expected insurance recoveries for business interruption and
redevelopment costs greater than the losses recognized cannot be
estimated at this time.
The foregoing losses and expected insurance recoveries are based
on information currently available to us. We continue to assess
these estimates and will recognize any changes to these estimates
in the period(s) in which they are determined. The final losses,
insurance recoveries, and net charges could vary from these
estimates.
Portfolio Optimization
Review
During the fourth quarter of fiscal 2023, the Company announced
that it had initiated a comprehensive store portfolio optimization
review which involved identifying stores for closure, relocation,
or re-bannering based on an evaluation of current market conditions
and individual store performance, among other factors. As a result
of this review, the Company announced that it planned to close
approximately 600 Family Dollar stores in the first half of fiscal
2024. Additionally, approximately 370 Family Dollar and 30 Dollar
Tree stores would be closed over the next several years at the end
of each store’s current lease term.
By the end of the first quarter of fiscal 2024, the Company had
closed approximately 550 stores as part of the portfolio
optimization and expects to close an additional 150 stores by the
end of fiscal 2024.
Second Quarter and Fiscal 2024
Outlook
“Our updated guidance reflects incremental transportation and
other expenses related to the loss of our Marietta distribution
center. Otherwise, the net impact of freight, shrink, mix, and SNAP
on our full year outlook remains consistent with the expectations
we outlined last quarter. Our growth initiatives remain on track,
and we continue to be pleased with their results.” Davis added.
The Company is reiterating its full-year fiscal 2024
consolidated net sales outlook range of $31.0 billion to $32.0
billion. The Company expects to deliver comparable net sales growth
in the low-to-mid-single digits for the enterprise,
mid-single-digits in the Dollar Tree segment, and low-single-digits
in the Family Dollar segment.
Adjusted diluted EPS is expected to range from $6.50 to
$7.00.
Our fiscal 2024 outlook reflects approximately $0.20 to $0.30 of
incremental transportation and other costs related to the loss of
our Marietta distribution center.
The Company expects consolidated net sales for the second
quarter will range from $7.3 billion to $7.6 billion, based on
comparable net sales growth in the low-single-digits for the
enterprise, 2.0 to 4.0 percent for the Dollar Tree segment, and
approximately flat for the Family Dollar segment.
Adjusted diluted EPS for the quarter is estimated to be in the
range of $1.00 to $1.10.
Our second quarter outlook reflects approximately $0.10 of
incremental transportation and other costs related to the loss of
our Marietta distribution center.
While share repurchases are not included in the outlook, the
Company has $1.04 billion remaining under its $2.5 billion share
repurchase authorization as of May 4, 2024.
Conference Call
Information
On Wednesday, June 5, 2024, the Company will host a conference
call to discuss its earnings results at 8:00 a.m. Eastern Time. The
telephone number for the call is 877-407-3943. A recorded version
of the call will be available for seven days after the call and may
be accessed by dialing 877-660-6853. The access code is 13746375. A
webcast of the call is also accessible through the Investor
Relations portion of the Company’s website.
Supplemental financial information for the First Quarter is
available on the Investor Relations portion of the Company’s
website, at https://corporate.dollartree.com/investors.
Dollar Tree, a Fortune 200 Company, operated 16,397 stores
across 48 states and five Canadian provinces as of May 4, 2024.
Stores operate under the brands of Dollar Tree, Family Dollar, and
Dollar Tree Canada. To learn more about the Company, visit
www.DollarTree.com.
Use of Non-GAAP Financial
Measures
The Company reports its financial results in accordance with
accounting principles generally accepted in the United States
(“GAAP”). From time-to-time, the Company supplements the reporting
of its financial information determined under GAAP with certain
non-GAAP financial information. The non-GAAP financial measures we
have disclosed include adjusted selling, general and administrative
expenses; adjusted selling, general and administrative expense
rate; adjusted operating income; adjusted operating income margin;
adjusted net income; adjusted diluted earnings per share; adjusted
effective tax rate; and free cash flow.
Reconciliations of the non-GAAP financial measures to the
corresponding amounts prepared in accordance with GAAP appears in
the tables under the heading “Reconciliation of Non-GAAP Financial
Measures” below. These tables provide additional information
regarding the adjusted measures.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release
contains "forward-looking statements" as that term is used in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they address future
events, developments or results and do not relate strictly to
historical facts. Any statements contained in this press release
that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements include,
without limitation, statements preceded by, followed by or
including words such as: “believe”, “anticipate”, “expect”,
“intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”,
“should”, “predict”, “possible”, “potential”, “continue”,
“strategy”, and similar expressions. For example, our
forward-looking statements include statements relating to our
business and financial outlook for fiscal 2024, including without
limitation our expectations regarding net sales, comparable store
sales and diluted earnings per share for the second fiscal quarter
and full fiscal year 2024, and various factors that are expected to
impact our quarterly and annual results of operations for fiscal
2024; our selling square footage for fiscal 2024; our plans and
expectations regarding our business, including the impact of
various initiatives, investments, and reviews on the company’s
performance and prospects for long-term growth; our plans to close,
relocate or re-banner stores as a result of our store portfolio
optimization review; the impacts of tornado damage to our Dollar
Tree distribution center in Marietta, Oklahoma, including
expectations regarding inventory and property damage, related
losses, the availability of insurance coverage and expected
insurance recoveries, changes within our supply chain network and
our customer shopping experience; and our other plans, objectives,
expectations (financial and otherwise) and intentions, including
our review of strategic alternatives at our Family Dollar segment.
These statements are subject to risks and uncertainties. For a
discussion of the risks, uncertainties and assumptions that could
affect our future events, developments or results, you should
carefully review the "Risk Factors," "Business" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" sections in our Annual Report on Form 10-K filed March
20, 2024, our Form 10-Q for the most recently ended fiscal quarter
and other filings we make from time to time with the Securities and
Exchange Commission. We are not obligated to release publicly any
revisions to any forward-looking statements contained in this press
release to reflect events or circumstances occurring after the date
of this report and you should not expect us to do so.
DOLLAR TREE, INC. Condensed Consolidated Income
Statements (In millions, except per share data)
(Unaudited) 13 Weeks Ended May 4, 2024
April 29, 2023 Revenues Net sales $
7,626.4
$
7,319.5
Other revenue
6.4
4.3
Total revenue
7,632.8
7,323.8
Expenses Cost of sales
5,278.7
5,089.1
Selling, general and administrative expenses
1,933.5
1,815.0
Operating income
420.6
419.7
Interest expense, net
24.4
25.9
Other expense, net
0.1
0.1
Income before income taxes
396.1
393.7
Provision for income taxes
96.0
94.7
Net income $
300.1
$
299.0
Net earnings per share: Basic $
1.38
$
1.35
Weighted average number of shares
217.8
221.1
Diluted $
1.38
$
1.35
Weighted average number of shares
218.1
221.7
Selling, general and administrative expense rate
25.3
%
24.8
%
Operating income margin
5.5
%
5.7
%
Income before income taxes as percentage of total revenue
5.2
%
5.4
%
Effective tax rate
24.2
%
24.1
%
Net income margin
3.9
%
4.1
%
The selling, general and administrative expense rate, operating
income margin and net income margin are calculated by dividing the
applicable amount by total revenue.
DOLLAR TREE, INC.
Segment Information (In millions) (Unaudited)
13 Weeks Ended May 4, 2024 April 29,
2023 Net sales: Dollar Tree $
4,165.6
$
3,931.7
Family Dollar
3,460.8
3,387.8
Total net sales $
7,626.4
$
7,319.5
Gross profit: Dollar Tree $
1,476.5
35.4
%
$
1,388.6
35.3
%
Family Dollar
871.2
25.2
%
841.8
24.8
%
Total gross profit $
2,347.7
30.8
%
$
2,230.4
30.5
%
Operating income (loss): Dollar Tree $
522.3
12.5
%
$
535.7
13.6
%
Family Dollar
36.9
1.1
%
8.8
0.3
%
Corporate, support and other
(138.6
)
(1.8
%)
(124.8
)
(1.7
%)
Total operating income $
420.6
5.5
%
$
419.7
5.7
%
DOLLAR TREE, INC. Condensed Consolidated Balance
Sheets (In millions) (Unaudited)
May 4,2024 February 3,2024 April 29,2023
ASSETS Current Assets: Cash and cash equivalents $
618.5
$
684.9
$
872.8
Merchandise inventories
5,009.0
5,112.8
5,112.0
Other current assets
454.7
335.0
282.8
Total current assets
6,082.2
6,132.7
6,267.6
Restricted cash
73.2
72.3
69.2
Property, plant and equipment, net
6,301.7
6,144.1
5,111.8
Operating lease right-of-use assets
6,469.3
6,488.3
6,503.4
Goodwill
913.3
913.8
1,982.6
Trade name intangible asset
2,150.0
2,150.0
3,100.0
Deferred tax asset
8.7
9.0
13.9
Other assets
111.8
113.3
60.1
Total assets $
22,110.2
$
22,023.5
$
23,108.6
LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities:
Current portion of operating lease liabilities $
1,509.6
$
1,513.0
$
1,456.9
Accounts payable
2,266.8
2,063.8
1,597.6
Income taxes payable
82.9
52.7
144.1
Other current liabilities
897.0
1,067.2
942.9
Total current liabilities
4,756.3
4,696.7
4,141.5
Long-term debt, net
3,427.5
3,426.3
3,422.7
Operating lease liabilities, long-term
5,412.1
5,447.6
5,269.0
Deferred income taxes, net
902.4
841.1
1,107.8
Income taxes payable, long-term
22.4
22.0
17.6
Other liabilities
277.1
276.7
250.3
Total liabilities
14,797.8
14,710.4
14,208.9
Shareholders' equity
7,312.4
7,313.1
8,899.7
Total liabilities and shareholders' equity $
22,110.2
$
22,023.5
$
23,108.6
The February 3, 2024 information was derived from the
audited consolidated financial statements as of that date.
DOLLAR TREE, INC. Condensed Consolidated Statements of
Cash Flows (In millions) (Unaudited) 13
Weeks Ended May 4,2024 April 29,2023 Cash flows
from operating activities: Net income $
300.1
$
299.0
Adjustments to reconcile net income to net cash provided by
operating activities: Depreciation and amortization
234.0
196.4
Provision for deferred income taxes
61.4
3.0
Stock-based compensation expense
29.6
28.3
Impairments
-
0.8
Other non-cash adjustments to net income
2.5
35.5
Changes in operating assets and liabilities
68.1
189.0
Total adjustments
395.6
453.0
Net cash provided by operating activities
695.7
752.0
Cash flows from investing activities: Capital expenditures
(472.2
)
(350.4
)
Payments for fixed asset disposition
(0.8
)
(2.3
)
Net cash used in investing activities
(473.0
)
(352.7
)
Cash flows from financing activities: Proceeds from stock
issued pursuant to stock-based compensation plans
3.9
2.9
Cash paid for taxes on exercises/vesting of stock-based
compensation
(19.5
)
(27.1
)
Payments for repurchase of stock
(272.2
)
(143.4
)
Net cash used in financing activities
(287.8
)
(167.6
)
Effect of exchange rate changes on cash, cash equivalents and
restricted cash
(0.4
)
(1.0
)
Net increase (decrease) in cash, cash equivalents and restricted
cash
(65.5
)
230.7
Cash, cash equivalents and restricted cash at beginning of period
757.2
711.3
Cash, cash equivalents and restricted cash at end of period $
691.7
$
942.0
DOLLAR TREE, INC. Segment Information
(Unaudited) 13 Weeks Ended May 4, 2024
April 29, 2023 Dollar Family Dollar
Family Tree Dollar Total Tree
Dollar Total Store Count: Beginning
8,415
8,359
16,774
8,134
8,206
16,340
New stores
116
41
157
32
75
107
Re-bannered stores (a)
5
(10
)
(5
)
2
(1
)
1
Closings
(16
)
(513
)
(529
)
(15
)
(14
)
(29
)
Ending
8,520
7,877
16,397
8,153
8,266
16,419
Selling Square Footage (in millions)
74.1
60.1
134.2
70.7
62.3
133.0
Growth Rate (Square Footage)
4.8
%
(3.5
%)
0.9
%
1.0
%
4.2
%
2.5
%
(a)
Stores are included as re-banners
when they close or open, respectively.
52 Weeks Ended May 4, 2024 April 29,
2023 Dollar Family Dollar Family
Tree Dollar Total Tree Dollar
Total Sales per Square Foot (b)
$235
$227
$231
$221
$216
$219
(b)
Sales per square foot is
calculated based on total net sales for the reporting period
divided by the average selling square footage during the
period.
DOLLAR TREE, INC. Reconciliation of Non-GAAP
Financial Measures (In millions, except per share data)
(Unaudited) From time-to-time, the Company discloses
certain financial measures not derived in accordance with GAAP.
These non-GAAP financial measures should not be used as a
substitute for GAAP financial measures, or considered in isolation,
for the purposes of analyzing operating performance, financial
position, liquidity, or cash flows. The non-GAAP financial measures
we have disclosed include adjusted selling, general and
administrative expenses; adjusted selling, general and
administrative expense rate; adjusted operating income; adjusted
operating income margin; adjusted net income; adjusted diluted
earnings per share; adjusted effective tax rate; and free cash
flow. The Company believes providing additional information in
these non-GAAP measures that exclude the unusual expenses described
below is beneficial to the users of its financial statements in
evaluating the Company's current operating results in relation to
past periods. In addition, the Company's debt covenants exclude the
impact of certain unusual expenses. The Company has included a
reconciliation of these non-GAAP financial measures to the most
comparable GAAP measures in the following tables.
1.)
In the first quarter of fiscal
2023, the Company recorded a $30.0 million charge to its legal
reserve for West Memphis-related matters. In the fourth quarter of
fiscal 2023, an additional $26.7 million charge was recorded to the
legal reserve for these matters. In the first quarter of fiscal
2024, the existing reserve was reduced by $2.5 million based on
updated information.
2.)
During the fourth quarter of
fiscal 2023, we announced that we had initiated a comprehensive
store portfolio optimization review which involved identifying
stores for closure, relocation or re-bannering based on an
evaluation of current market conditions and individual store
performance, among other factors. In connection with this portfolio
optimization review, we closed approximately 500 Family Dollar
stores in the first quarter of fiscal 2024 and incurred more than
$17 million of costs including severance and retention expenses for
impacted associates and other related closure costs.
In addition, the Company discloses free cash flow, a
non-GAAP financial measure that we calculate as net cash provided
by operating activities less capital expenditures. The Company
believes free cash flow is an important indicator of our liquidity
as it measures the amount of cash we generate from our business
operations. Free cash flow may not represent the amount of cash
flow available for general discretionary use, because it excludes
non-discretionary expenditures, such as mandatory debt repayments
and required settlements of recorded and/or contingent liabilities
not reflected in cash flow from operations. The Company has
included a reconciliation of free cash flow to the most comparable
GAAP measures in the following tables.
Reconciliation of
Adjusted Selling, General and Administrative Expenses 13
Weeks Ended May 4, 2024 April 29, 2023 Selling,
general and administrative expenses (GAAP)
$
1,933.5
25.3
%
$
1,815.0
24.8
%
Deduct: Store Closure Costs
(17.5
)
(0.2
%)
-
0.0
%
Add/Deduct: Legal Reserve
2.5
0.0
%
(30.0
)
(0.4
%)
Total adjustments
(15.0
)
(0.2
%)
(30.0
)
(0.4
%)
Adjusted selling, general and administrative expenses (Non-GAAP)
$
1,918.5
25.1
%
$
1,785.0
24.4
%
Reconciliation of Adjusted Selling, General and
Administrative Expenses - Family Dollar Segment 13 Weeks
Ended May 4, 2024 April 29, 2023 Selling, general
and administrative expenses (GAAP)
$
837.5
24.2
%
$
834.9
24.6
%
Deduct: Store Closure Costs
(16.8
)
(0.5
%)
-
0.0
%
Add/Deduct: Legal Reserve
2.5
0.1
%
(30.0
)
(0.9
%)
Total adjustments
(14.3
)
(0.4
%)
(30.0
)
(0.9
%)
Adjusted selling, general and administrative expenses (Non-GAAP)
$
823.2
23.8
%
$
804.9
23.7
%
DOLLAR TREE, INC. Reconciliation of Non-GAAP
Financial Measures (In millions, except per share data)
(Unaudited) Reconciliation of Adjusted Operating
Income 13 Weeks Ended May 4, 2024 April 29,
2023 Operating income (GAAP)
$
420.6
5.5
%
$
419.7
5.7
%
SG&A adjustments: Add: Store Closure Costs
17.5
0.2
%
-
0.0
%
Add/Deduct: Legal Reserve
(2.5
)
0.0
%
30.0
0.4
%
Total adjustments
15.0
0.2
%
30.0
0.4
%
Adjusted operating income (Non-GAAP)
$
435.6
5.7
%
$
449.7
6.1
%
Reconciliation of Adjusted Operating Income -Family
Dollar Segment 13 Weeks Ended May 4, 2024
April 29, 2023 Operating income (GAAP)
$
36.9
1.1
%
$
8.8
0.3
%
SG&A adjustments: Add: Store Closure Costs
16.8
0.5
%
-
0.0
%
Add/Deduct: Legal Reserve
(2.5
)
(0.1
%)
30.0
0.9
%
Total adjustments
14.3
0.4
%
30.0
0.9
%
Adjusted operating income (Non-GAAP)
$
51.2
1.5
%
$
38.8
1.2
%
DOLLAR TREE, INC. Reconciliation of Non-GAAP
Financial Measures (In millions, except per share data)
(Unaudited) Reconciliation of Adjusted Net
Income 13 Weeks Ended May 4, 2024 April 29,
2023 Net income (GAAP) $
300.1
$
299.0
SG&A adjustments: Add: Store Closure Costs
17.5
-
Add/Deduct: Legal Reserve
(2.5
)
30.0
Total adjustments
15.0
30.0
Provision for income taxes on adjustments
(3.6
)
(3.9
)
Adjusted net income (Non-GAAP) $
311.5
$
325.1
Reconciliation of Adjusted Diluted Earnings Per Share
13 Weeks Ended May 4, 2024 April 29, 2023
Diluted net income per share (GAAP) $
1.38
$
1.35
SG&A adjustments: Add: Store Closure Costs
0.08
-
Add/Deduct: Legal Reserve
(0.01
)
0.14
Total adjustments
0.07
0.14
Provision for income taxes on adjustments
(0.02
)
(0.02
)
Adjusted diluted net income per share (Non-GAAP) $
1.43
$
1.47
Reconciliation of Adjusted Effective Tax Rate 13
Weeks Ended May 4, 2024 April 29, 2023 Effective
tax rate (GAAP)
24.2
%
24.1
%
Add/Deduct: Tax impact of non-GAAP adjustments (c)
-
%
(0.8
%)
Adjusted effective tax rate (Non-GAAP)
24.2
%
23.3
%
(c) Adjustments related to the tax effect of non-GAAP
adjustments, which were determined based on the nature of the
underlying non-GAAP adjustments and their relevant tax rates.
DOLLAR TREE, INC. Reconciliation of Non-GAAP
Financial Measures (In millions, except per share data)
(Unaudited) Reconciliation of Net Cash Provided by
Operating Activities to Free Cash Flow 13 Weeks Ended
May 4, 2024 April 29, 2023 Net cash provided by
operating activities (GAAP) $
695.7
$
752.0
Deduct: Capital expenditures
(472.2
)
(350.4
)
Free cash flow (Non-GAAP) $
223.5
$
401.6
Net cash used in investing activities (GAAP) (d)
(473.0
)
(352.7
)
Net cash used in financing activities (GAAP)
(287.8
)
(167.6
)
(d) Net cash used in investing activities includes capital
expenditures, which is included in our computation of free cash
flow.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240605693989/en/
Dollar Tree, Inc. Robert A. LaFleur, 757-991-5645 Senior Vice
President, Investor Relations www.DollarTree.com DLTR-E
Grafico Azioni Dollar Tree (NASDAQ:DLTR)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Dollar Tree (NASDAQ:DLTR)
Storico
Da Gen 2024 a Gen 2025