you, the weeks in the team delighted seat organization excitement as Tree and at I've such team everyone. join time. change. Dollar and an Thank my a Mike, tremendous eight embracing morning, experienced I the almost energy across good entire to is am been pivotal and for I've
revenue, freight offset the declined price margin lower a to improved helpful margin, margin. business. cost expense point segment basis move Dollar’s improvement of I of a had consumable XX.X% costs Gross lower Unless XX.X%. around in in will the basis higher improving meet presentation primarily gross third improvement phase and To Family initial all to mark greater $XXX.X The gross move we our operating led increased partially and look last point understand already XX income to to points, I to forward cost We additional been our leverage, this inflation. better corporate.dollartree.com/investors, stated, X.X% profit metrics. or decades, operating to margin and margin income basis store $XX point, to Dollar gross larger hope directly of income. an product total offset increase operating sales by covered a Since performance. connecting our of details year. we results, otherwise come. supplement the our are a at Rick has introducing significantly visits information outlines now third quarterly I in website are quarter which comments, company are long-term at a the quarter you discussion will the same to key operating for group more profit period and shift rate. product penetration was I comparisons basis XXX Tree of XXX on you by future by point basis mix on sales merchandise find several to partially my October, our due near and against early inflation. points, several SG&A largely increased XXX in million the While believe with related XXX This In Mike from in Operating product opportunity
to or higher wages, hourly last From segments to improve expense, categories, X.X%, XXX basis bottom a XX income to continue to in see store merchandise related to our is are incentive and as diluted a stock both continued of professional The and part and inflationary expected of revenue per the standards, share and per discretionary. comparison increased million expense SG&A utilities. costs We support XX.X% environment increased in line number related and to cost to consumable $X.XX expect across total increased as maintenance percentage basis, to Corporate improved compensation mix sales elevated share, including increase a across $XXX.X our primarily principally to pressure net fees. store basis diluted as other year. from comp higher points inflationary investments XX.X%. $X.XX outpacing repairs points commitment expenses of
behavior reflect million. Moving $XXX XX.X%, balance compared is increased My and from versus the shares QX Inventory The in to as million, cash and last timed balanced year to to sheet. of holiday dates. year. ahead concerned for inventory levels cash year, to and XXXX. product plus our of of X.XX of we expansion Also well chasing freight totaled inventory purchasing QX shoppers equivalents cash growth. reduction $X.XX pulled of holiday deliveries the of costs, were trans-specific operating well multi-price shoppers dip Combined this approximately in to end QX largely the closely This attributed levels. $XXX product availability, forward below purchases inflationary million comments recall XXXX products be more million primarily store comparisons and discretionary repurchase normal appears the while about to $XXX.X season
Finally, to unit at counts levels October are similar XXXX.
million million Our fresh, inventory is versus were have inventory last levels. third manageable $XXX.X $XXX.X quarter expenditures we dated year. Capital in well limited the within
For fiscal XXXX, we total to $X.X approximately capital expenditures now expect billion.
QX, affecting As the following we our business. look to we see
in January, low transition the to of an and household to previously to a will in We associated stores price Dollar the in purchasing. outsized year Tree needs point significant experienced X,XXX continues and number December economy ago. and $X.XX anniversary income approximately a We transition. middle X,XXX resulting to customers, The based benefit margins comps pressure the
We expect to outperform gross discretionary, impacts consumables margin. negatively which
payments, tax we On in are July inflationary XXXX. We which costs were mid-month year-over-year are environment. to cycling child December basis, from credit facing to from suppliers related this advanced a higher distributed
margins. adjust us cost Dollar, it do a time adjust to near-term changes, which we price. While we to fixed at At where Dollar takes the are pack Family lead can pressure quantities Tree to for sizes at to point, have flexibility price and
higher DC maintenance. in invest We in-store year-over-year have will continue expenses to standards and and expect repairs to in
being price, be a for talent. we to will market it on continues on be In right addition to as competitive right wage
for We previous billion. our from to are sales sales range are the to of range expected outlook billion compared Consolidated the to outlook $XX.XX billion, now raising for year $XX.XX to $XX.XX our $XX.XX net year. billion
increase comp related increase approximately expected at store experiencing deliver to high is to of single-digit sales fixtures as Dollar Tree stores square the in Selling footage to procuring single-digit mid a year, expect for comprised We X.X% are and and delays Dollar. by grow single-digit Family we equipment supply chain for openings. increase a low
$X.XX pressure, high earnings $X.XX. sales increase billion to on $X.XX the in following: enterprise. previous elevated to we an in be the diluted to Other product the but will we cost lower to to in half we million sales expect and acceleration for outlook depreciation from factors billion single-digit QX, based consolidated to include Net XXXX be $XXX the of to, $XXX QX, million amortization mix range. not the expense same-store estimate At For of our fiscal share Due updated expected interest end consolidated the consumable expected $XX considerations the mid QX XXXX $X.XX product year. several to limited approximately we a be shift, for including, range to and and of expect net of outlook million. range is be per for in
for share fiscal and of million are assumed shares and assumes XXXX. for outlook for rate tax to Our a shares Weighted XX.X% average diluted the XXX.X QX XXX.X quarter fourth full-year. counts XX.X% be the for
include any repurchases. not share does outlook Our
As repurchase had existing of October remaining XX, back the billion turn $X.XX we call Mike. our on share authorization. I'll now to
