The company said net sales for the fiscal year ended February 3, 2024 (53 weeks) rose 8.0%, an increase of $30,581.6 million. It attributed the gain to a 4.6% rise in comparable store net sales and $1,184.5 million in net sales from non-comparable stores. It said the 53rd week added $559.3 million.

1. 01

   The company said net sales for the fiscal year ended February 3, 2024 (53 weeks) rose 8.0%, an increase of $30,581.6 million. It attributed the gain to a 4.6% rise in comparable store net sales and $1,184.5 million in net sales from non-comparable stores. It said the 53rd week added $559.3 million.

2. 02

   Dollar Tree said full-year gross profit rose 4.3% to $9,309.6 million, and gross profit margin fell 110 basis points to 30.4%. The company cited higher shrink, distribution and markdown costs as the main factors behind the decline, which it said were partially offset by lower freight and occupancy costs.

3. 03

   The company said full-year operating loss was ($881.8) million and net loss was ($998.4) million, or ($4.55) per diluted share. It cited the following as factors in the operating loss: a non-cash goodwill impairment of $1,069.0 million, a non-cash trade name impairment of $950.0 million, a non-cash store asset impairment of $503.9 million, and DC 202-related litigation charges of $56.7 million.

4. 04

   The company said net cash provided by operating activities for the full year rose $1,069.7 million from the prior year, mainly due to improved inventory levels. It repurchased 3,905,599 shares for $504.3 million in the year. As of February 3, 2024, it had $1.35 billion remaining under its $2.5 billion repurchase authorization.

Key figures

Fiscal year ended February 3, 2024

Operating cash flow

$2.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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