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DOLLAR TREE, INC. 8-K Report, Financial Results (Mar 16, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed March 16, 2026
Period End
March 16, 2026
Security
DLTR
In the record · 2016–202610-K1210-Q328-K227

DLTR filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 227 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’18Apr ’18
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Apr ’23Apr ’23
  4. Material agreement8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed March 16, 2026. Cited figures are marked; the original filing is the authoritative source.

Dollar Tree (DLTR) reported fourth-quarter and full-year fiscal 2025 results on March 16, 2026, on a continuing-operations basis following the July 2025 sale of Family Dollar.

Q4 net sales rose 9.0% to $5.45 billiona, with same-store sales up 5.0% driven by a 6.3% increase in average ticket partly offset by a 1.2% decline in traffic. Gross margin expanded 150 basis points to 39.1% on improved mark-on from pricing initiatives and lower freight costs, partly offset by higher tariff costs. GAAP diluted EPS from continuing operations was $2.56, up 37.8%, and adjusted diluted EPS was also $2.56, up 21.3%.

For the full year, net sales grew 10.4% to $19.4 billionb, same-store sales rose 5.3%, and adjusted diluted EPS was $5.75, up 13%. Management guided fiscal 2026 to comparable store sales growth of 3% to 4%, net sales of $20.5 to $20.7 billion, roughly 400 new stores and 75 closings, and adjusted diluted EPS of $6.50 to $6.90. The Q1 2026 outlook calls for net sales of $4.9 to $5.0 billion and adjusted EPS of $1.45 to $1.60.

Q4 adjusted EPS of $2.56c implied the company's guidance for fiscal 2026 is a modest increase from the $5.75 adjusted base, roughly 13% to 20% at the midpoint-to-high end, which investors should weigh against the top-line deceleration implied by the 3% to 4% comp range. Capital allocation was a major theme: the company returned $1.548 billion through share repurchases in fiscal 2025, with $193 million repurchased quarter to date and $1.8 billion remaining under authorization. Year-end liquidity was solid, with $717.8 million of cash, no commercial paper, and no revolver borrowings.

Full-year free cash flow from continuing operations was $1.06 billiond, up from $893 million. Investors should note that Q4 GAAP operating income rose 30.2%, helped by lapping prior-year software impairments, and that SG&A deleveraged on an adjusted basis, so underlying margin expansion depends on sustaining gross margin gains against tariff pressure.

02—Key points

Key Highlights

  1. Q4 same-store sales grew 5.0% (average ticket +6.3%, traffic -1.2%), and FY25 comps rose 5.3%, marking the 20th consecutive year of positive same-store sales.
  2. Q4 gross margin rose 150 bps to 39.1%, driven by pricing initiatives and lower freight costs, partly offset by higher tariffs.
  3. Q4 GAAP diluted EPS from continuing operations was $2.56 (up 37.8%); adjusted diluted EPS was also $2.56 (up 21.3%), with FY25 adjusted EPS of $5.75 (up 13%).
  4. FY2026 guidance calls for 3% to 4% comp growth, $20.5 to $20.7 billion in net sales, about 400 new stores and 75 closings, and adjusted EPS of $6.50 to $6.90.
  5. Q1 2026 guidance calls for net sales of $4.9 to $5.0 billion and adjusted EPS of $1.45 to $1.60.
  6. Fiscal 2025 share repurchases totaled $1.548 billion, with $193 million more repurchased quarter to date and $1.8 billion remaining under authorization.
  7. Year-end liquidity was strong: $717.8 million cash, no commercial paper or revolver borrowings, and full-year free cash flow from continuing operations of $1.06 billion.

03—Questions

Frequently Asked Questions

  1. How did Dollar Tree perform in the fourth quarter of fiscal 2025?

    Net sales rose 9.0% to $5.45 billion and same-store sales increased 5.0%. Gross margin expanded 150 bps to 39.1%, and GAAP operating income rose 30.2% to $695 million. Diluted EPS from continuing operations was $2.56, up 37.8%.

  2. What is the company's fiscal 2026 outlook?

    Management expects comparable store sales growth of 3% to 4%, net sales from continuing operations of $20.5 to $20.7 billion, roughly 400 new stores and 75 closings, and adjusted diluted EPS of $6.50 to $6.90. For Q1 2026, net sales are expected at $4.9 to $5.0 billion with adjusted EPS of $1.45 to $1.60.

  3. Why did reported and adjusted Q4 EPS differ or match?

    Q4 GAAP and adjusted diluted EPS were both $2.56. The company's adjustments in Q4 were small: strategic review costs of $0.02 per share were offset by a $0.02 software termination benefit, leaving the figures effectively equal. Full-year adjusted EPS of $5.75 excluded items such as a $0.30 non-operating insurance gain.

  4. How much did Dollar Tree return to shareholders and what is its balance sheet position?

    The company repurchased $1.548 billion of stock in fiscal 2025 and has $1.8 billion left under its authorization, with $193 million repurchased quarter to date. As of January 31, 2026, it had $717.8 million in cash, no commercial paper, and no borrowings under its credit facilities, though long-term debt was about $2.43 billion.

  5. What are the main risks to the outlook?

    The filing points to tariffs and other trade measures as the primary risk, since they partly offset gross margin gains. Traffic declined 1.2% in Q4, so growth relied on average ticket increases from pricing. Higher store payroll, general liability claims, and incentive compensation also pressure SG&A, which deleveraged 170 bps on an adjusted basis in Q4.

04—Continue

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