Dollar Tree Files 10-Q for Period Ending Nov 2, 2024
Ticker: DLTR · Form: 10-Q · Filed: Dec 4, 2024 · CIK: 935703
| Field | Detail |
|---|---|
| Company | Dollar Tree, INC. (DLTR) |
| Form Type | 10-Q |
| Filed Date | Dec 4, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
Related Tickers: DLTR
TL;DR
Dollar Tree's Q3 2024 10-Q is in. Check financials.
AI Summary
Dollar Tree, Inc. filed its 10-Q for the period ending November 2, 2024. The company reported financial results and provided updates on its business operations. Key financial data and operational details are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Dollar Tree, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and any disclosed risks within this report could impact the company's valuation.
Key Players & Entities
- DOLLAR TREE, INC. (company) — Filer
- 20241102 (date) — Period of Report
- 20241204 (date) — Filed as of Date
- 500 VOLVO PARKWAY (location) — Business Address
- CHIPPEAKE (location) — Business Address City
- VA (location) — Business Address State
- 23320 (location) — Business Address Zip
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period of report ending November 2, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was filed as of December 4, 2024.
What is Dollar Tree, Inc.'s primary business classification?
Dollar Tree, Inc. is classified under RETAIL-VARIETY STORES [5331].
What is the company's principal business address?
The company's business address is 500 Volvo Parkway, Chesapeake, VA 23320.
What is the fiscal year end for Dollar Tree, Inc.?
The fiscal year end for Dollar Tree, Inc. is February 01.
Filing Stats: 4,659 words · 19 min read · ~16 pages · Grade level 8 · Accepted 2024-12-04 07:43:56
Filing Documents
- dltr-20241102.htm (10-Q) — 1022KB
- dltr-2024x11x02x10qxex311.htm (EX-31.1) — 9KB
- dltr-2024x11x02x10qxex312.htm (EX-31.2) — 9KB
- dltr-2024x11x02x10qxex321.htm (EX-32.1) — 5KB
- dltr-2024x11x02x10qxex322.htm (EX-32.2) — 5KB
- dltr-20241102_g1.gif (GRAPHIC) — 435KB
- 0000935703-24-000059.txt ( ) — 5523KB
- dltr-20241102.xsd (EX-101.SCH) — 21KB
- dltr-20241102_cal.xml (EX-101.CAL) — 46KB
- dltr-20241102_def.xml (EX-101.DEF) — 72KB
- dltr-20241102_lab.xml (EX-101.LAB) — 372KB
- dltr-20241102_pre.xml (EX-101.PRE) — 234KB
- dltr-20241102_htm.xml (XML) — 550KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited): Condensed Consolidated Income Statements 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statements of Shareholders' Equity 7 Condensed Consolidated Statements of Cash Flows 9 Notes to Unaudited Condensed Consolidated Financial Statements 10
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 27
Controls and Procedures
Item 4. Controls and Procedures 27
—OTHER INFORMATION
PART II—OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 28
Risk Factors
Item 1A. Risk Factors 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 28
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 28
Signatures
Signatures 29 3 Table of Contents
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. DOLLAR TREE, INC. CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) 13 Weeks Ended 39 Weeks Ended (in millions, except per share data) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 7,561.7 $ 7,309.1 $ 22,560.8 $ 21,948.7 Other revenue 6.5 5.7 19.0 15.2 Total revenue 7,568.2 7,314.8 22,579.8 21,963.9 Cost of sales 5,224.3 5,136.1 15,661.2 15,410.6 Selling, general and administrative expenses 2,010.5 1,877.0 5,961.5 5,544.1 Operating income 333.4 301.7 957.1 1,009.2 Interest expense, net 27.5 30.4 80.8 80.5 Other expense, net 0.1 0.2 0.2 0.2 Income before income taxes 305.8 271.1 876.1 928.5 Provision for income taxes 72.5 59.1 210.3 217.1 Net income $ 233.3 $ 212.0 $ 665.8 $ 711.4 Basic net income per share of common stock $ 1.09 $ 0.97 $ 3.08 $ 3.23 Diluted net income per share of common stock $ 1.08 $ 0.97 $ 3.08 $ 3.23 Weighted average common shares outstanding: Basic 215.0 218.9 215.9 220.0 Diluted 215.2 219.2 216.1 220.5 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 4 Table of Contents DOLLAR TREE, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) 13 Weeks Ended 39 Weeks Ended (in millions) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net income $ 233.3 $ 212.0 $ 665.8 $ 711.4 Foreign currency translation adjustments ( 5.2 ) ( 6.9 ) ( 10.6 ) ( 5.8 ) Total comprehensive income $ 228.1 $ 205.1 $ 655.2 $ 705.6 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 5 Table of Contents DOLLAR TREE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except par value and share data) November 2, 2024 February 3, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 697.6 $ 684.9 $ 444.6 Merchandise inventories 5,535.1 5,112.8 5,515.1 Other current assets 398.8 335.0 342.4 Total current assets 6,63
Legal Proceedings
Legal Proceedings We are defendants in ordinary, routine litigation or proceedings incidental to our business, including employment-related matters; infringement of intellectual property rights; personal injury/wrongful death claims; real estate matters; environmental and safety issues; and product safety matters. Legal proceedings may also include class, collective, representative and large cases and arbitrations, including those described below. We will vigorously defend ourselves in these matters. We do not believe that any of these matters will, individually or in the aggregate, have a material effect on our business, financial condition, or liquidity. We cannot give assurance, however, that one or more of these matters will not have a material effect on our results of operations for the quarter or year in which they are reserved or resolved. We assess our legal proceedings monthly and reserves are established if a loss is probable and the amount of such loss can be reasonably estimated. Many, if not substantially all, of our legal proceedings are subject to significant uncertainties and, therefore, determining the likelihood of a loss and the measurement of any loss can be complex and subject to judgment. With respect to the matters noted below where we have determined that a loss is reasonably possible but not probable, we are unable to reasonably estimate the amount or range of the possible loss at this time due to the inherent difficulty of predicting the outcome of and uncertainties regarding legal proceedings. Our assessments are based on estimates and assumptions that have been deemed reasonable by management, but that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions. Management's assessment of legal proceedings could change because of future determinations or the discovery of facts which are not presently known. Accordingly, the ultimate costs of