159 annotations
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We expect consumables to outperform discretionary, which negatively impacts gross margin.
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2022 Q3
5 Dec 22
unit counts are at similar levels to October 2019
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2022 Q3
5 Dec 22
Inventory increased 31.1%, primarily from inflationary product and freight costs, expansion of $1.25 and multi-price plus inventory and store growth.
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2022 Q3
5 Dec 22
Corporate support and other expenses increased 30 basis points to 1.4%, primarily from increased stock compensation expense, higher incentive comp and professional fees.
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2022 Q3
5 Dec 22
SG&A as a percentage of total revenue increased 170 basis points to 24.4%. The increase is principally related to elevated repairs and maintenance as part of our commitment to improve store standards, investments in store hourly wages, and higher inflationary costs across a number of expense categories, including utilities.
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2022 Q3
5 Dec 22
The Dollar Tree segment gross margin improved 520 basis points, primarily from higher initial mark on related to the move to $25 price point, lower freight costs and sales leverage, partially offset by greater penetration of lower margin consumable merchandise and product cost inflation. Family Dollar’s gross margin declined 100 basis points, largely due to a product mix shift and product cost inflation.
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2022 Q3
5 Dec 22
70 basis point improvement in operating income margin. This was led by a 240 basis point improvement in gross profit margin, partially offset by 170 basis point increase in our SG&A expense rate.
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2022 Q3
5 Dec 22
at both Dollar Tree and Family Dollar, we saw an acceleration in comp performance throughout the quarter with October being our strongest month
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2022 Q3
5 Dec 22
Family Dollar consumables increased 4.7% on a comp basis
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2022 Q3
5 Dec 22
9.3% comp on consumables
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2022 Q3
5 Dec 22
For the second consecutive quarter, our consumables comp outpaced the discretionary comp at Dollar Tree.
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2022 Q3
5 Dec 22
With the exception of Q1 and Q2 of 2020, at the initial onset of the pandemic, our 6.5% enterprise comp represents our best quarter, since the Family Dollar acquisition. By segment, the comp was comprised of an 8.6% increase for Dollar Tree and a 4.1% increase for Family Dollar.
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2022 Q3
5 Dec 22
Family Dollar
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2022 Q3
5 Dec 22
4% comp sales increase and the segment's first quarterly traffic increase in three years
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2022 Q3
5 Dec 22
then on the Family Dollar side, this pricing, again, we just put ourselves in a position to be the best price to the market and over 10 years
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2022 Q2
26 Aug 22
Dollar Tree at $1.25 is the best value
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2022 Q2
26 Aug 22
there’s pricing actions you’re doing at Family Dollar, but then prices have gone up at Dollar Tree.
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2022 Q2
26 Aug 22
the investments we’ve made into the new $1.25 on the consumables side is driving traffic.
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2022 Q2
26 Aug 22
carbonated beverage from a 3% decline to a 12% increase now. And snacks and cookies before the new SKUs, we had a decline of 8%, now a 12% increase in comp. And in our food category from a 10% decline before to now experiencing a 2% increase.
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2022 Q1
26 Aug 22
Well, we have a $1.25 fixed price point that we moved after 35 years, and then we’ve got the $3 and $5 price points that are fixed price points that we are rolling out as fast as we can over the next couple years.
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2022 Q1
26 Aug 22