The company said its consolidated net sales for fiscal 2024 Q1 (13 weeks ended May 4, 2024) rose 4.2% to $7.63 billion, and that operating income was $420.6 million and diluted earnings per share were $1.38.

1. 01

   The company said its consolidated net sales for fiscal 2024 Q1 (13 weeks ended May 4, 2024) rose 4.2% to $7.63 billion, and that operating income was $420.6 million and diluted earnings per share were $1.38.

2. 02

   The company said adjusted operating income for Q1 fell 3.1% to $435.6 million, and adjusted diluted EPS was $1.43. The adjustments were a $17.5 million add-back for store closure costs and a $2.5 million reduction for legal reserves.

3. 03

   The company said it has formally initiated a review of strategic alternatives for its Family Dollar business segment, which could include a sale, spin-off or other disposition. The company said it has not set a deadline or definitive timetable for the review and that there is no assurance it will result in any particular outcome.

4. 04

   The company said a tornado destroyed its Marietta distribution center, resulting in losses of $117.0 million as of May 4, 2024, and it believes the losses will be fully offset by insurance recoveries. The company said its adjusted diluted EPS outlook range of $6.50 to $7.00 includes approximately $0.20 to $0.30 of incremental transportation and other costs.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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