Dollar Tree (NASDAQ:DLTR) Issues Quarterly Earnings Results

Posted by Brian Himes on Aug 29th, 2026

Dollar Tree (NASDAQ:DLTR – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.15 by $1.55, FiscalAI reports. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. Dollar Tree updated its Q3 2026 guidance to 0.800-0.950 EPS and its FY 2026 guidance to 7.700-8.050 EPS.

Here are the key takeaways from Dollar Tree’s conference call:

Strong Q2 performance: Net sales rose 7% to $4.9 billion, comparable sales increased 3.7%, traffic turned positive at 0.4%, and adjusted EPS reached $2.70, above the company’s outlook.
Underlying business momentum improved: Management cited broad-based category strength, better assortments, cleaner and better-stocked stores, favorable shrink, and store-standard improvements, with stores below internal benchmarks declining to roughly one-third from about one-half last October.
Outlook was raised: Dollar Tree now expects fiscal 2026 sales of $20.5 billion-$20.7 billion, comparable sales growth of 3%-4%, and adjusted EPS of $7.70-$8.05, including an estimated $0.60 net tariff-refund benefit.
The company received approximately $383 million in tariff refunds and plans to reinvest about $210 million in pricing, marketing, store conditions, operations, and a $40 million community contribution; management said it is not assuming a specific near-term return on these investments.
Second-half margin pressure remains: Higher fuel-driven freight costs, broad-based merchandise inflation, a shift toward lower-margin consumables, tariff-refund reinvestments, and uncertainty around helium supply are expected to weigh on results; Q3 adjusted EPS is guided to $0.80-$0.95, including a roughly $0.50 reinvestment impact.

Dollar Tree Trading Up 1.0%

Shares of NASDAQ DLTR opened at $128.26 on Friday. Dollar Tree has a twelve month low of $84.71 and a twelve month high of $142.40. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.39 and a beta of 0.64. The company’s fifty day moving average is $126.03 and its 200-day moving average is $114.77.

Dollar Tree announced that its board has authorized a stock buyback program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $130.00 price objective on shares of Dollar Tree in a research note on Friday. Bank of America reiterated an “underperform” rating on shares of Dollar Tree in a research report on Thursday, May 28th. Guggenheim boosted their target price on shares of Dollar Tree from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James Financial reiterated an “outperform” rating and set a $145.00 target price on shares of Dollar Tree in a research report on Friday. Finally, Truist Financial raised their price target on shares of Dollar Tree from $136.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $129.18.

View Our Latest Analysis on Dollar Tree

Dollar Tree News Roundup

Here are the key news stories impacting Dollar Tree this week:

Positive Sentiment: Dollar Tree reported second-quarter revenue of $4.89 billion, up 7% year over year and above estimates of approximately $4.86 billion. Adjusted earnings per share reached $2.70, substantially exceeding the $1.15 consensus, helped by higher markups, lower freight costs, reduced shrinkage and tariff-related refunds. Dollar Tree beats quarterly revenue estimates on steady demand
Positive Sentiment: Comparable-store sales rose 3.7%, driven by a 3.3% increase in average ticket and positive customer traffic of 0.4%. Management also cited improving assortments and continued demand for affordable essentials. Dollar Tree Q2 earnings call highlights
Positive Sentiment: Management raised full-year fiscal 2026 adjusted EPS guidance to $7.70–$8.05 from $6.70–$7.10. Dollar Tree also repurchased approximately 5.6 million shares for $605 million during the quarter, supporting per-share results. Dollar Tree lifts earnings outlook
Neutral Sentiment: Dollar Tree is attracting more middle- and high-income shoppers seeking value, while lower-income customers remain pressured by the cost of necessities. This broadens the customer base but also highlights uneven consumer health. Dollar Tree attracts higher-income customers
Negative Sentiment: Third-quarter adjusted EPS guidance of $0.80–$0.95 was well below the roughly $1.40 analyst expectation. Investors viewed the outlook as evidence that fuel costs, tariffs and reinvestment expenses could pressure profitability, overshadowing the second-quarter beat and the higher full-year forecast. Dollar Tree cites higher fuel prices as a headwind

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its position in Dollar Tree by 176.9% in the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after purchasing an additional 2,393,172 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Dollar Tree by 906.5% in the second quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock valued at $124,973,000 after acquiring an additional 1,148,649 shares during the last quarter. Bank of Montreal Can raised its holdings in Dollar Tree by 663.5% during the fourth quarter. Bank of Montreal Can now owns 1,296,289 shares of the company’s stock worth $159,457,000 after acquiring an additional 1,126,505 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Dollar Tree by 104.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,740,157 shares of the company’s stock worth $164,219,000 after acquiring an additional 886,964 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in Dollar Tree by 1,334.3% during the third quarter. Caisse de depot et placement du Quebec now owns 918,451 shares of the company’s stock valued at $86,674,000 after purchasing an additional 854,414 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Company Profile

(Get Free Report)

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.