Dollar Tree

Dollar Tree opened fiscal 2026 with accelerating execution: continuing-operations net sales rose 7.2% to $5 billion on a 3.5% comparable-sales gain led by a 4.5% increase in average ticket, even as traffic slipped 1% against an earlier Easter calendar. Margins drove the story, with gross margin expanding 120 basis points on lower shrink, freight favorability and higher merchandise margin, lifting adjusted operating income 22% and adjusted EPS 38% to $1.74, above the high end of guidance (GAAP diluted EPS was $1.76, with the prior-year base inflated by non-recurring items). Multi-price expansion continued to broaden the assortment into everyday categories, where consumables comped 3.2% and discretionary 3.9%. Management raised its full-year adjusted EPS outlook to $6.70 to $7.10 while holding the net sales and comp ranges, choosing to bank the first-quarter upside against higher second-half fuel costs tied to the Middle East conflict and continued tariff uncertainty.