01—Abstract
Summary
Summary of the 10-K filed March 16, 2026. Cited figures are marked; the original filing is the authoritative source.
Dollar Tree, Inc. has reported strong performance in its fiscal year ending January 31, 2026, with a 10.4% increase in net sales to $19.4 billiona, driven by a 5.3% comparable store net sales growth.
This growth was primarily fueled by a 4.3% increase in average ticket, attributed to targeted retail price changes and expanded multi-price offerings, though this also led to a slight decrease in customer traffic. The company successfully completed the sale of its Family Dollar business on July 5, 2025, receiving approximately $793 millionb in cash. This strategic divestiture allows Dollar Tree to focus entirely on its core banner.
The company is also actively investing in its operational infrastructure, including modernizing its distribution network with new facilities in Arizona and Oklahoma, and enhancing its technology platforms to improve efficiency and customer experience. Despite ongoing cost pressures from inflation and tariffs, Dollar Tree is implementing mitigation strategies, including supplier renegotiations and product re-engineering, to protect margins.
02—Key points
Key Highlights
- Net sales increased by 10.4% to $19.4 billion in fiscal year 2025.
- Comparable store net sales grew by 5.3%, driven by a 4.3% increase in average ticket.
- The sale of the Family Dollar business was completed on July 5, 2025, generating approximately $793 million in cash.
- Operating income margin improved to 8.5%, up from 8.3% in the prior year.
- The company repurchased approximately $1.6 billion of its common stock in fiscal year 2025.
- Investments in new and modernized distribution centers are underway in Arizona and Oklahoma.
- Dollar Tree is expanding its multi-price assortment to offer a broader product range and drive margin growth.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2026, Dollar Tree, Inc. kept $0.07.
- Revenue$19.40B100.0%
- Cost of revenue−$12.35B63.6%
- Gross profit$7.05B36.4%
- Operating costs−$5.40B27.8%
- Operating income$1.65B8.5%
- Interest, other & tax−$370.6M1.9%
- Net income$1.28B6.6%
Where FY2026 revenue went
$19.40B- Cost of revenue: $12.35B, 64% of revenue
- SG&A: $5.47B, 28% of revenue
- Net income: $1.28B, 6.6% of revenue
- Interest, other & tax: $370.6M, 1.9% of revenue
Kept 6.6% as net incomeNet income $1.28B · 6.6%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2026filed March 16, 2026Financial Statements
FY2026 against FY2025
| Line item | FY2026FY2025 | Change |
|---|---|---|
| Revenue | $19.40B$17.57B | +10.4% |
| Cost of Revenue | $12.35B$11.28B | +9.4% |
| Gross Profit | $7.05B$6.28B | +12.2% |
| SG&A Expenses | $5.47B$4.83B | +13.2% |
| Operating Income | $1.65B$1.46B | +13.1% |
| Net Income | $1.28B-$3.03B | +142.3% |
| EPS (Basic) | $6.23$-14.05 | +144.3% |
| EPS (Diluted) | $6.22$-14.03 | +144.3% |
| Shares Outstanding (Basic) | 205.80M215.70M | −4.6% |
| Shares Outstanding (Diluted) | 206.30M215.90M | −4.4% |
05—Questions
Frequently Asked Questions
What was the financial performance of Dollar Tree in fiscal year 2025?
Dollar Tree reported a 10.4% increase in net sales, reaching $19.4 billion, with a 5.3% growth in comparable store net sales. Operating income margin also saw an improvement, rising to 8.5%.
What is the significance of the Family Dollar sale?
The sale of the Family Dollar business, completed on July 5, 2025, generated approximately $793 million and allows Dollar Tree to concentrate its resources and strategic focus solely on the Dollar Tree banner, aiming for improved operational efficiency and profitability.
How is Dollar Tree addressing cost pressures like inflation and tariffs?
Dollar Tree is employing several mitigation strategies, including renegotiating supplier terms, re-engineering products for efficiency, shifting country of origin where beneficial, discontinuing underperforming items, and implementing targeted retail price adjustments. The company acknowledges ongoing impacts but aims to maintain competitiveness and value for customers.
What are the key strategic initiatives Dollar Tree is pursuing?
Key initiatives include expanding and refining the multi-price product assortment, agile cost management, new store growth and store modernization through refresh and renovation programs, improving store operations and consistency, and optimizing the supply chain through distribution network enhancements and technology investments.
06—Continue