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our sales mix shifted approximately 200 basis points towards lower margin consumable merchandise
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2023 Q1
4 Jun 23
in Q1, we cycled the first full quarter of the $1.25 price point transition at Dollar Tree
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2023 Q1
4 Jun 23
In Q1, shrink negatively impacted gross margin by 60 basis points and EPS by an incremental $0.14 per share compared to last year.
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2023 Q1
4 Jun 23
there’s about a full 20-point differential in your initial margins between discretionary and consumables, so when that dollar shifts from discretionary into consumables, on average you’re losing 20 points of initial margin
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2023 Q1
4 Jun 23
Dollar Tree is now 180 basis point shift into consumables and Family Dollar was 200 basis points
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2023 Q1
4 Jun 23
In the fourth quarter, you may recall that for Dollar Tree on a year-over-year basis, they were flat in their mix, and Family Dollar was about 120 basis points shift into consumables.
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2023 Q1
4 Jun 23
We expect the combined and continuing full year earnings impact of unfavorable consumables mix and higher shrink is expected to be approximately $0.55 per share in 2023.
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2023 Q1
4 Jun 23
Across the enterprise, our sales mix of consumables increased approximately 200 basis points as customer purchase behavior responded to deteriorating macro conditions.
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2023 Q1
4 Jun 23
While this mix shift towards consumables is clearly a margin headwind, it is worth noting that the promotional environment remains rational and is not driving any additional margin pressure.
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2023 Q1
4 Jun 23
The underlying sales strength was concentrated in consumables
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2023 Q1
4 Jun 23
Dollar Tree’s 11.2% comp increase from a year ago
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2023 Q1
4 Jun 23
we would have expected it to be more traffic than ticket given some of the price investments. It’s the opposite.
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2022 Q4
7 Mar 23
we saw a 40 basis point improvement in our traffic going from Q3 to Q4
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2022 Q4
7 Mar 23
We expect SG&A expense dollars, which includes general inflation, new store expenses and accelerated investments as well as the 53rd week to grow in the low teens. Based on the confluence of these factors, we anticipate year-over-year gross and operating margins will decline in the first half of 2023, followed by growth in the second half. We estimate 2023 EPS will be comprised of approximately 40% in the first half and approximately 60% in the second half which includes 1 extra week in Q4.
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2022 Q4
7 Mar 23
like every other consumable retailer, we are seeing the shift towards more consumables
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2022 Q4
7 Mar 23
our outlook assumes minimal profit contribution from Family Dollar this year
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2022 Q4
7 Mar 23
These investments are roughly split evenly between the two banners
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2022 Q4
7 Mar 23
our outlook includes approximately $430 million or $1.45 per share in operating expenses across labor and wages, store repairs and maintenance and corporate as we accelerate our investments to transform this company
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2022 Q4
7 Mar 23
The Dollar Tree segment will realize approximately 80% of these freight savings, which will support a gross margin rate in the range of 36% to 37% in fiscal 2023.
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2022 Q4
7 Mar 23
for both segments, we expect to see continued cost pressure from inflation and margin pressure from merchandise mix as consumables are expected to outpace discretionary sales
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2022 Q4
7 Mar 23