A Business at a Glance
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DOLLAR TREE, INC.
DLTR
$24.8B
Mkt Cap
$120.45
+2.38%
DOLLAR TREE, INC. (DLTR) has a 5-year average return on invested capital (ROIC) of 16.4%. This indicates strong capital allocation and a potential competitive advantage.
DOLLAR TREE, INC. (DLTR) has a market capitalization of $24.8B. It is classified as a large-cap stock.
DOLLAR TREE, INC. (DLTR) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.23%.
DOLLAR TREE, INC. (DLTR) operates in the Retail-Variety Stores industry, within the Consumer Defensive sector.
DOLLAR TREE, INC. (DLTR) reported annual revenue of $19.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
DOLLAR TREE, INC. (DLTR) has a net profit margin of 6.6%. This is a modest margin.
DOLLAR TREE, INC. (DLTR) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Dollar Tree operates approximately 9,000 discount retail stores under the Dollar Tree banner across 48 U.S. states and the District of Columbia, plus approximately 275 stores in seven Canadian provinces, following the July 2025 sale of its Family Dollar business. The company's core business model centers on offering a broad assortment of approximately 8,400 items—including consumables (household paper, chemicals, food, candy, health and personal care), discretionary merchandise (toys, housewares, gifts, stationery, party goods), and seasonal goods—primarily at a $1.25 price point in the U.S. and $1.75 CAD in Canada, with expanding multi-price offerings to serve a broader customer base. Dollar Tree generates revenue through a combination of everyday basic consumables, which drive store traffic and establish destination appeal, and higher-margin discretionary and seasonal items that customers discover through a "thrill-of-the-hunt" shopping experience; approximately 40% of inventory is automatically replenished while the remainder is allocated to stores or delivered by direct store delivery vendors, enabling localized assortment tailoring. The company operates 16 U.S. distribution centers (with third-party distribution in Canada) that supply approximately 90% of store inventory, supported by a multi-year modernization and automation program to enhance efficiency and capacity. Dollar Tree's competitive differentiation rests on its value proposition, convenient suburban store locations (typically 8,000–10,000 square feet), curated mix of national brands and private-label products, and omnichannel capabilities including same-day delivery partnerships with Instacart (over 8,400 stores) and Uber Eats (over 8,800 stores as of January 31, 2026). The company serves customers across a broad range of income levels and geographies, with purchasing power derived from direct manufacturer relationships, flexible order-by-order sourcing (with no single vendor exceeding 10% of purchases), and approximately 40% of retail value purchases sourced directly from imports, primarily China, supplemented by domestic purchases.
【Profitable growth trajectory ahead】 Management expects Dollar Tree to deliver high-teens earnings growth in fiscal 2026 supported by comparable store sales growth of 3% to 4%, driven by a more balanced contribution from both traffic and ticket as pricing actions from 2025 anniversary and operational improvements take hold. The company is executing a multi-year strategic roadmap focused on expanded and more relevant assortment, agile cost management through five merchant levers (supplier negotiations, product reengineering, country-of-origin shifts, assortment adjustments, and targeted pricing), improved store conditions and operations, and new store growth of approximately 400 openings against 75 closures. Management anticipates gross margin to remain roughly flat year-over-year, with improved markdown performance offset by higher freight costs, while corporate SG&A is expected to decline toward a longer-term target of approximately 2% of sales by fiscal 2028, supported by disciplined labor management and right-sizing of corporate costs. Capital allocation priorities include continued investment in supply chain modernization (including new distribution centers in Marietta, Oklahoma and Phoenix, Arizona), store renovations and refreshes to enhance productivity and customer experience, and shareholder returns through share repurchases, with the company generating over $1 billion in free cash flow in fiscal 2025.
| Metric | Target | Period |
|---|---|---|
| Net sales | $20.5 billion to $20.7 billion | FY2026 |
| Comparable store sales growth | 3% to 4% | FY2026 |
| Adjusted diluted earnings per share | $6.50 to $6.90 | FY2026 |
| Capital expenditures | $1.1 billion to $1.2 billion | FY2026 |
| Gross new store openings | approximately 400 | FY2026 |
Net sales (FY2026): “we expect net sales in the range of $20.5 billion to $20.7 billion, reflecting comparable store sales growth of 3% to 4%”
Comparable store sales growth (FY2026): “we expect net sales in the range of $20.5 billion to $20.7 billion, reflecting comparable store sales growth of 3% to 4%”
Adjusted diluted earnings per share (FY2026): “We expect diluted earnings per share in the range of $6.50-$6.90, which is consistent with our Investor Day framework and represents high teens earnings growth for the year”
Capital expenditures (FY2026): “In fiscal year 2026, we expect CapEx in the range of $1.1 billion-$1.2 billion, which represents a slight year-over-year decrease in capital intensity driven by normalizing supply chain spend”
Gross new store openings (FY2026): “we are targeting approximately 400 gross new store openings and 75 closings”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 19.4B | 19.4B | 17.6B | 16.8B | 15.4B | 26.3B |
| Net Income | 1.3B | 1.3B | -3.0B | -998M | 1.6B | 1.3B |
| EPS | $6.22 | $6.22 | $-14.03 | $-4.54 | $7.21 | $5.80 |
| Free Cash Flow | 1.1B | 1.1B | 893M | 1.5B | 976M | 410M |
| ROIC | 23.0% | 24.6% | 14.3% | 12.5% | 15.0% | 15.9% |
| Gross Margin | 36.3% | 36.3% | 35.7% | 35.8% | 37.5% | 29.4% |
| Debt/Equity | 0.65 | 0.65 | 0.86 | 0.47 | 0.39 | 0.44 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.7B | 1.7B | 1.5B | 1.8B | 2.1B | 1.8B |
| Operating Margin | 8.5% | 8.5% | 8.3% | 10.6% | 13.6% | 6.9% |
| ROE | 34.2% | 33.2% | -53.7% | -12.4% | 19.6% | 17.7% |
| Shares Outstanding | 206M | 206M | 216M | 220M | 224M | 229M |
DOLLAR TREE, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 14.8x vs a median of 23.6x. The company's 5-year average ROIC is 16.4% with a gross margin of 34.9%. Total shareholder yield (buybacks) is 6.2%. At current prices, the estimated annualized return to fair value is -11.6%.
DOLLAR TREE, INC. (DLTR) has a debt-to-equity ratio of 0.65. This indicates moderate leverage.
DOLLAR TREE, INC. (DLTR) reported earnings per share (EPS) of $6.22 in its most recent fiscal year.
DOLLAR TREE, INC. (DLTR) has a return on equity (ROE) of 33.2%. This indicates the company generates strong returns for shareholders.
DOLLAR TREE, INC. (DLTR) has a 5-year average gross margin of 34.9%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for DOLLAR TREE, INC. (DLTR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DOLLAR TREE, INC. (DLTR) has a book value per share of $18.21, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects Dollar Tree to deliver high-teens earnings growth in fiscal 2026 supported by comparable store sales growth of 3% to 4%, driven by a more balanced contribution from both traffic and ticket as pricing actions from 2025 anniversary and operational improvements take hold. The company is executing a multi-year strategic roadmap focused on expanded and more relevant assortment, agile cost management through five merchant levers (supplier negotiations, product reengineering, country-of-origin shifts, assortment adjustments, and targeted pricing), improved store conditions and operations, and new store growth of approximately 400 openings against 75 closures. Management anticipates gross margin to remain roughly flat year-over-year, with improved markdown performance offset by higher freight costs, while corporate SG&A is expected to decline toward a longer-term target of approximately 2% of sales by fiscal 2028, supported by disciplined labor management and right-sizing of corporate costs. Capital allocation priorities include continued investment in supply chain modernization (including new distribution centers in Marietta, Oklahoma and Phoenix, Arizona), store renovations and refreshes to enhance productivity and customer experience, and shareholder returns through share repurchases, with the company generating over $1 billion in free cash flow in fiscal 2025.
Based on recent SEC filings and earnings calls, DOLLAR TREE, INC. (DLTR) has provided the following forward guidance: Net sales: $20.5 billion to $20.7 billion (FY2026); Comparable store sales growth: 3% to 4% (FY2026); Adjusted diluted earnings per share: $6.50 to $6.90 (FY2026); Capital expenditures: $1.1 billion to $1.2 billion (FY2026); Gross new store openings: approximately 400 (FY2026).