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Consumer Staples · NASDAQ: DLTR

Dollar Tree: how the business works

Dollar Tree sells household basics, party goods and seasonal items, starting at $1.25, through 9,436 stores in the US and Canada, with total revenue of $19.4 billion in FY2025.

By · Checked against filings: . Editorial policy. Corrections

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Dollar Tree, Inc. · Chesapeake, Virginia · Founded 1986

Updated for Q2 FY2026 · checked

Total revenue, FY2025 (ended Jan 31, 2026)
$19.4B
Income from continuing operations, FY2025
$1.2B
Stores, Aug 1, 2026
9,436
Employees, Jan 31, 2026
153,032

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Dollar Tree in 5 points

  1. 1 · What it sells

    Dollar Tree sells household basics, party goods, toys and seasonal items, starting at $1.25, through 9,436 stores in the US and Canada (Aug 1, 2026), with total revenue of $19.4 billion in FY2025.

    More: what it sells

  2. 2 · Who pays it

    Shoppers paid for consumables such as food and household paper (48.6% of FY2025 net sales), variety goods such as toys and party supplies (45.7%) and seasonal goods (5.7%).

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, Dollar Tree kept $6.3 as profit from continuing operations, a figure that includes an insurance gain of about $62 million, while its operating income was $8.5 per $100 of total revenue.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    Dollar Tree reports one store segment, which earned $2,172.9 million of operating income in FY2025 before $519.8 million of corporate, support and other costs, and it reports no profit by merchandise category.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    The company attributes $1.31 of its $2.70 Q2 FY2026 diluted EPS to tariff refunds, and its Q3 FY2026 results are due on Nov 24, 2026.

    More: the one thing to watch

Sources: From Dollar Tree's FY2025 10-K and its Q2 FY2026 earnings release and 10-Q · checked

See the full receipt and the management scorecard below

Sources (4)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of Dollar Tree's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Dollar Tree · FY2025

Receipt for every $100

Where $100 of Dollar Tree's money went in FY2025
Goods sold (cost of sales)$63.2
Running stores and the company$28.0
Interest$0.4
Income tax$2.1
Kept as profit (continuing operations)$6.3
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from the FY2025 10-K. Of every $100 that came in during FY2025 (total revenue of $19,411.8 million plus $116.8 million of transition services income and other income): each line = line ÷ $19,528.6 million × 100. Profit is income from continuing operations.

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Sources (1)
Next: The business in one line

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02The business in one line

What does Dollar Tree do?

Shoppers pay Dollar Tree for low-priced household basics, party goods and seasonal items; of every $100 that came in during FY2025, $63.2 went on the goods, $28.0 on running stores and the company, and $6.3 was left as profit from continuing operations.

  • Dollar Tree's stores serve customers across a broad range of incomes, mainly in suburbs. Most stores are 8,000 to 10,000 square feet and carry about 8,400 items.
  • Dollar Tree sold its other chain, Family Dollar, on Jul 5, 2025. Family Dollar's results are now shown separately as discontinued operations, so this page's main figures cover Dollar Tree stores only.
Next: Who pays it

03Who pays it

Who pays Dollar Tree?

  • Shoppers buying consumables

    49%

    of revenue

    Household paper and cleaning products, food, candy, health and personal care items: $9.4 billion of net sales in FY2025.

  • Shoppers buying variety goods

    46%

    of revenue

    Toys, housewares, gifts, party goods, greeting cards and crafts: $8.9 billion in FY2025.

  • Shoppers buying seasonal goods

    6%

    of revenue

    Holiday merchandise for Christmas, Easter, Halloween and Valentine's Day: $1.1 billion in FY2025.

  • Shoppers buying consumables49%
  • Shoppers buying variety goods46%
  • Shoppers buying seasonal goods6%

How spread out the customers are

Dollar Tree sells to the public, so no single customer is material. The shares above are merchandise categories of FY2025 net sales. The 10-K says its stores serve customers with a broad range of income levels, mainly in suburbs, and that revenue in Canada is not material.

Sources (1)
Next: Why it makes money

04Why it makes money

Why does Dollar Tree make money?

Dollar Tree earns a few dollars per $100 of sales by selling large volumes of low-priced goods through many leased stores.

Low prices bring frequent visits, and buying in bulk, much of it imported directly, keeps the cost of goods near $63 per $100 of sales. Store running costs rose faster than sales: selling, general and administrative costs grew from $23.9 to $28.2 per $100 of total revenue between FY2022 and FY2025, and operating income per $100 fell from $13.6 to $8.5.

Operating income per $100 of total revenue

$13.6$8.5

FY2022 to FY2025

  1. Leased stores open near suburban shoppers
  2. Low prices from $1.25 bring frequent visits
  3. Bulk buying, about 40% direct imports, keeps the cost of goods low
  4. Own distribution centers supply about 90% of inventory
  5. Multi-price items raise the amount spent per visit
  6. Cash from stores pays for new stores and buybacks

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2025

Which businesses make up Dollar Tree?

  • Consumable

    49%

    Everyday basics such as household paper, cleaning products and food. Dollar Tree reports one store segment, which earned $2,172.9 million of operating income in FY2025; these three are its merchandise categories, with no profit reported by category.

    Revenue $9.4B

  • Variety

    46%

    Toys, housewares, gifts, party goods and crafts. The 10-K says shoppers have shifted from higher-margin discretionary goods (variety and seasonal) to lower-margin consumables.

    Revenue $8.9B

  • Seasonal

    6%

    Holiday merchandise for Christmas, Easter, Halloween and Valentine's Day, among others.

    Revenue $1.1B

How the mix changed

  • Consumable
  • Variety
  • Seasonal

Revenue by segment, FY2021 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearConsumableVarietySeasonal
FY2021$6.3B$6.8B$794M
FY2022$7.0B$7.5B$971M
FY2023$7.9B$7.8B$1.1B
FY2024$8.6B$7.9B$1.0B
FY2025$9.4B$8.9B$1.1B
Sources (2)
Next: How has it done

06The numbers · Consolidated · US$

How has Dollar Tree done?

Revenue

$19.4BFY2025

Total revenue of Dollar Tree stores rose every year, from $15.4 billion in FY2022 to $19.4 billion in FY2025; FY2023 had 53 weeks, and Family Dollar is left out of every year.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2022$15.4B
FY2023$16.8B
FY2024$17.6B
FY2025$19.4B
Q3 FY2024$4.3B
Q4 FY2024$5.0B
Q1 FY2025$4.6B
Q2 FY2025$4.6B
Q3 FY2025$4.8B
Q4 FY2025$5.5B
Q1 FY2026$5.0B
Q2 FY2026$4.9B

Net profit

$1.2BFY2025

Income from continuing operations fell from $1.5 billion in FY2022 to $1.0 billion in FY2024 and was $1.2 billion in FY2025; total net income, with Family Dollar, was a $3.0 billion loss in FY2024.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2022$1.5B$6.70
FY2023$1.3B$5.76
FY2024$1.0B$4.83
FY2025$1.2B$5.94
Q3 FY2024$232M$1.08
Q4 FY2024$400M$1.86
Q1 FY2025$314M$1.47
Q2 FY2025$156M$0.75
Q3 FY2025$245M$1.20
Q4 FY2025$512M$2.56
Q1 FY2026$347M$1.76
Q2 FY2026$515M$2.70

Profit kept per $100 of revenue

$6.3FY2025

Continuing profit per $100 of total revenue fell from $9.7 in FY2022 to $5.9 in FY2024 and was $6.3 in FY2025.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY20229.7%16.0%
FY20237.5%13.0%
FY20245.9%11.3%
FY20256.3%11.9%

Free cash flow

$1.1BFY2025

Free cash flow from continuing operations was $778.9 million in FY2022, $1.2 billion in FY2023 and $1.1 billion in FY2025.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2022$1.4B$639M$779M
FY2023$2.4B$1.2B$1.2B
FY2024$2.2B$1.3B$893M
FY2025$2.2B$1.1B$1.1B
See all yearly numbers
Dollar Tree annual financials, FY2022–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Net income, total (US$)Operating cashCapexFree cash
FY2022 (restated)$15.4B$2.5B$1.5B$6.70$1.6B$1.4B$639M$779M
FY2023 (restated)$16.8B$2.2B$1.3B$5.76−$998M$2.4B$1.2B$1.2B
FY2024$17.6B$2.0B$1.0B$4.83−$3.0B$2.2B$1.3B$893M
FY2025$19.4B$2.3B$1.2B$5.94$1.3B$2.2B$1.1B$1.1B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Saturday closest to Jan 31. Dollar Tree names each fiscal year after the calendar year it starts in: FY2025 ended Jan 31, 2026, and Q2 FY2026 ended Aug 1, 2026. Some data vendors call FY2025 "FY2026". FY2023 had 53 weeks. Revenue, net income and EPS here are continuing operations (Dollar Tree stores only); Family Dollar, sold on Jul 5, 2025, is reported as discontinued operations, so no comparable FY2021 figures exist.). Net profit is the share belonging to the company's owners. Total net income differs from net profit to the company's owners: Net income line is continuing operations. The total includes $57.2 million from Family Dollar up to its Jul 5, 2025 sale, after a $407.7 million loss on the sale.

Download Dollar Tree's yearly and quarterly numbers (CSV, with source ids)

Learn: Fiscal years that don't end in December: Nvidia's FY2027 explained · Stock-based compensation and dilution: pay that becomes shares

Sources (14)
Next: What they said, and what happened

07Who runs it

Who runs Dollar Tree, and did they deliver?

  • Michael C. Creedon, Jr.

    Chief Executive Officer · since 2024

    CEO since Dec 18, 2024, after serving as interim CEO from November 2024 and chief operating officer from October 2022. Earlier he held store leadership roles at Advance Auto Parts.

  • Stewart Glendinning

    Chief Financial Officer · since 2025

    CFO since March 2025.

  • Edward J. Kelly, III

    Chairman of the Board · since 2024

    Independent chairman since November 2024, after serving as lead independent director from March 2022.

  • Paul C. Hilal

    Vice Chair of the Board

    Founder and CEO of Mantle Ridge, which can designate his replacement on the board under a Stewardship Framework Agreement with the company. He stays on the board after Mantle Ridge's June 2026 share distribution.

What they said, and what happened

3 delivered · 2 too early to tell

  1. Said on Mar 26, 2025

    Dollar Tree guided FY2025 net sales of $18.5 billion to $19.1 billion, comparable store net sales growth of 3% to 5% and adjusted diluted EPS of $5.00 to $5.50.

    What happened

    Net sales were $19.4 billion, comparable store net sales rose 5.3% and adjusted diluted EPS was $5.75, above the first range; the company had raised its EPS range to $5.60 to $5.80 by Dec 3, 2025.

    Delivered

  2. Said on Dec 3, 2025

    Dollar Tree guided Q4 FY2025 net sales of $5.4 billion to $5.5 billion, comparable store net sales growth of 4% to 6% and adjusted diluted EPS of $2.40 to $2.60.

    What happened

    Net sales were $5.45 billion, comparable store net sales rose 5.0% and adjusted diluted EPS was $2.56.

    Delivered

  3. Said on May 28, 2026

    Dollar Tree guided Q2 FY2026 net sales of $4.8 billion to $4.9 billion, comparable store net sales growth of 2.5% to 3.5% and adjusted diluted EPS of $1.00 to $1.15.

    What happened

    Net sales were $4.89 billion and comparable store net sales rose 3.7%. Adjusted diluted EPS was $2.70, including $1.31 from the net effect of tariff refunds.

    Delivered

  4. Said on Oct 15, 2025

    At its Investor Day, Dollar Tree said it expected EPS to grow at a 12% to 15% compound annual rate in fiscal 2026 to 2028, and by a high-teens percentage in fiscal 2026.

    What happened

    Fiscal 2026 ends Jan 30, 2027. On Aug 27, 2026 the company guided FY2026 adjusted diluted EPS of $7.70 to $8.05, against $5.75 in FY2025.

    Too early to tell

  5. Said on Aug 27, 2026

    Dollar Tree guided FY2026 net sales from continuing operations of $20.5 billion to $20.7 billion and adjusted diluted EPS of $7.70 to $8.05, including about $0.60 from the net effect of tariff refunds.

    What happened

    In the first 26 weeks of FY2026 net sales were $9.9 billion and diluted EPS from continuing operations was $4.44.

    Too early to tell
Sources (9)
Next: What could go wrong

08What could go wrong

What could go wrong for Dollar Tree?

  • Regulation

    Tariffs and imports from China

    Direct imports are about 40% of retail value purchases, mostly from China. Q2 FY2026 included about $369 million of refunds of tariffs the Supreme Court ruled on in February 2026, and the company plans to reinvest a significant portion of them through the rest of 2026.

    Watch Gross margin in Q3 FY2026 against 35.8% a year earlier, and the tariff discussion in each 10-Q.

  • Pricing

    Margins lifted by one-off items

    Q2 FY2026 operating margin was 14.1%, of which the company attributes 650 basis points to the net effect of tariff refunds. FY2025 profit included an insurance gain of about $62 million and $54.9 million of fees from Family Dollar for transition services, which run for 18 months from July 2025.

    Watch Operating margin in Q3 and Q4 FY2026, against 7.2% and 12.7% a year earlier.

  • Demand

    Fewer visits as prices rise

    After retail price changes in Q2 and Q3 FY2025, traffic fell in Q3 and Q4 FY2025, the 10-K says, and again in Q1 FY2026, while the average ticket rose. The 10-K says shoppers have shifted from higher-margin discretionary goods to lower-margin consumables.

    Watch Traffic and average ticket in each earnings release.

  • Legal

    Duties on imported pans and plates

    As of its Q2 FY2026 10-Q (Aug 27, 2026), the Commerce Department was reviewing antidumping and countervailing duties on aluminum pans and paper plates. Dollar Tree put its possible retroactive exposure at as much as about $11 million (pans) and $15 million (plates) in its Q2 FY2026 10-Q, down from $75 million and $119 million in the 10-K, and booked about $13 million of duties in Q2 FY2026.

    Watch The final determinations (due by Aug 31 and Oct 14, 2026) in the Q3 FY2026 10-Q legal note.

  • Debt

    Leases and debt

    Besides $2.9 billion of debt, Dollar Tree had $4.7 billion of operating lease liabilities at Aug 1, 2026. $1,250.0 million of notes fall due in May 2028.

    Watch Net debt and lease cost ($1,510.0 million in FY2025) in each filing.

  • Other

    Obligations left from Family Dollar

    Dollar Tree guarantees leases of 114 Family Dollar stores and indemnifies Family Dollar for certain pre-sale product cases, including talc and acetaminophen claims.

    Watch The commitments and contingencies note in each 10-Q.

Sources (6)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Total revenue of Dollar Tree stores rose every year, from $15.4 billion in FY2022 to $19.4 billion in FY2025.
  • The company says FY2025 was its 20th year in a row of positive same-store sales, and comparable store net sales rose 3.7% in Q2 FY2026.
  • Free cash flow from continuing operations was $1.1 billion in FY2025, and the company paid $1,548.0 million for buybacks that year.
  • Dollar Tree beat its own FY2025 guidance for net sales, comparable sales and adjusted EPS.
  • Multi-price stores rose from about 2,900 at the end of FY2024 to about 6,600 on Aug 1, 2026.

What critics point to

  • Operating income per $100 of total revenue fell from $13.6 in FY2022 to $8.5 in FY2025.
  • Family Dollar losses led to total net losses of $998.4 million in FY2023 and $3,030.1 million in FY2024, before the chain was sold for $1,007.0 million.
  • The company attributes $1.31 of Q2 FY2026's $2.70 diluted EPS to the net effect of tariff refunds.
  • Customer traffic fell in Q3 FY2025, Q4 FY2025 and Q1 FY2026 while the average ticket rose.
  • Operating lease liabilities of $4.7 billion at Aug 1, 2026 were larger than its $2.9 billion of debt.
Next: What to watch next

10What to watch next

What should you watch next at Dollar Tree?

Next event

Q3 FY2026 results

Nov 24, 2026

Date confirmed by the company

Add to calendarAnnouncementAll earnings dates

  • Margins after tariff refunds

    Q2 FY2026 operating margin was 14.1%, including 650 basis points from tariff refunds; the company's Q3 FY2026 EPS range of $0.80 to $0.95 includes about $0.50 of refund reinvestments.

  • Traffic against ticket

    Traffic rose 0.4% in Q2 FY2026 after three quarters of declines, while the average ticket rose 3.3%.

  • Duty rulings on pans and plates

    Final Commerce Department determinations were due by Aug 31 and Oct 14, 2026; the Q3 FY2026 10-Q legal note is the next place the company may report them.

Next: Key dates

11Key dates

What are the key dates for Dollar Tree?

Dates as stated in the filings. A date that no filing has given yet shows as not yet stated.
Key dates for Dollar Tree
EventDateSource
Q3 FY2026 results (before the market opens)8-K filed Nov 3, 2026, Ex. 99.1: Q3 fiscal 2026 results date (Nov 24, 2026) and call
Fiscal 2026 endsDollar Tree names this year FY2026, after the calendar year it starts in.Form 10-K for fiscal year 2025 (ended Jan 31, 2026)
Transition services to Family Dollar endThe agreement runs 18 months from the Jul 5, 2025 sale.Not yet statedForm 10-K for fiscal year 2025 (ended Jan 31, 2026)
$500 million term loan matures8-K filed Mar 23, 2026: $500 million term loan credit agreement
Revolving credit facility matures$1.5 billion, undrawn on Aug 1, 2026.Form 10-K for fiscal year 2025 (ended Jan 31, 2026); Q2 fiscal 2026 earnings release (8-K Ex. 99.1, quarter ended Aug 1, 2026) with fiscal 2026 and Q3 outlook

Learn: How to read a US earnings release: Nvidia's Q2 fiscal 2027 · Fiscal years that don't end in December: Nvidia's FY2027 explained

Sources (4)
Next: Key facts

12Key facts

Key facts about Dollar Tree

What does Dollar Tree do?
Dollar Tree runs discount variety stores that sell household basics, food, party goods, toys, crafts and seasonal items, with an opening price of $1.25 and a growing range of higher-priced items. Dollar Tree had 9,436 stores in the US and Canada on Aug 1, 2026.
How does Dollar Tree make money, and what is its business model?
Dollar Tree buys goods in bulk, about 40% of them imported directly, and resells them at low fixed and multiple price points in its own leased stores. In FY2025 (the year ended Jan 31, 2026) Dollar Tree had total revenue of $19.4 billion and kept $8.5 of operating income per $100 of total revenue.
Is Dollar Tree profitable?
Yes, on its continuing operations. Dollar Tree's income from continuing operations was $1,225.3 million in FY2025, up from $1,042.5 million in FY2024. Total net income, which includes the Family Dollar business sold in July 2025, was $1,282.5 million in FY2025 after a net loss of $3,030.1 million in FY2024.
What is Dollar Tree's revenue by segment?
Dollar Tree reports one store segment. By merchandise category, its FY2025 net sales were $9.4 billion from consumables (48.6%), $8.9 billion from variety goods (45.7%) and $1.1 billion from seasonal goods (5.7%). The store segment earned $2,172.9 million of operating income, and corporate, support and other costs were $519.8 million.
How much does Dollar Tree make from consumables?
Consumables, such as household paper and cleaning products, food, candy and health and personal care products, brought Dollar Tree $9.4 billion of net sales in FY2025, or 48.6%. That share was 45.5% in FY2021.
How much does Dollar Tree make from variety and seasonal goods?
In FY2025 Dollar Tree's variety goods, such as toys, housewares, gifts, party goods, greeting cards and crafts, brought in $8.9 billion of net sales (45.7%). Seasonal goods for holidays such as Christmas, Easter and Halloween brought in $1.1 billion (5.7%).
How many stores does Dollar Tree have?
Dollar Tree had 9,436 stores on Aug 1, 2026, up from 8,415 at the end of FY2023. About 6,600 of them were multi-price format stores, which also sell items above $1.25.
Does Dollar Tree still own Family Dollar?
No. Dollar Tree sold Family Dollar to 1959 Holdings, a company formed by Brigade Capital Management and Macellum Capital Management, on Jul 5, 2025. The sale generated about $793 million of cash for Dollar Tree, according to its FY2025 10-K.
Who owns Dollar Tree?
Dollar Tree has one class of common stock, with 187.6 million shares outstanding on Aug 25, 2026. In Schedule 13GA filing by anyone who owns more than 5% of a company's shares and does not seek control. Learn more filings, FMR LLC (Fidelity) reported 13.0% (Jun 30, 2026) and Vanguard Capital Management 7.10% (Mar 31, 2026); the 2026 proxy lists BlackRock at 7.9% from a February 2024 filing.
Does Dollar Tree pay a dividend?
No. Dollar Tree has never declared or paid a cash dividend. It returns cash through buybacks: it paid $1,548.0 million for share repurchases in FY2025 and had $2.5 billion of buyback authorization left on Aug 1, 2026.
Sources (9)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

13What it sells

13What it sells

What does Dollar Tree sell?

Dollar Tree is a chain of discount variety stores. It sells everyday basics such as paper towels, snacks and soap, plus party supplies, toys, crafts and holiday decorations. Its opening price is $1.25, and more stores now also sell items at higher prices.

  • Consumables ($9.4B, 48.6% of FY2025 net sales)

    Household paper and cleaning products, food, candy, health and personal care products, and in most stores frozen and refrigerated food.

  • Variety goods ($8.9B, 45.7%)

    Toys, durable housewares, gifts, stationery, party goods, greeting cards, soft goods such as textiles, and arts and crafts supplies.

  • Seasonal goods ($1.1B, 5.7%)

    Christmas, Easter, Halloween and Valentine's Day merchandise, among other holidays.

  • Multi-price items

    Items priced above the $1.25 opening price. About 6,600 stores carried the multi-price format on Aug 1, 2026, and the company says multi-price items were about 17% of Q2 FY2026 sales.

  • Delivery

    Same-day delivery through Instacart from more than 8,400 stores and through Uber Eats from more than 8,800 stores (Jan 31, 2026).

What it does

  • Does: Sells national brands and its own private-label products
  • Does: Runs its own US distribution centers (17 on Aug 1, 2026), which supply about 90% of store inventory, the FY2025 10-K says
  • Does: Operated about 285 Dollar Tree Canada stores on Aug 1, 2026, where items generally cost $1.75 (Canadian) or less
  • Does: Offers same-day delivery through Instacart and Uber Eats

What it does not do

  • Does not: Does not sell everything at one price: the opening price is $1.25, and multi-price stores also sell higher-priced items
  • Does not: No longer owns Family Dollar, which it sold on Jul 5, 2025
  • Does not: Does not own most of its stores: substantially all are leased
  • Does not: Is not Dollar General, a separate company whose 10-K names Dollar Tree as a competitor
Sources (3)
14How the money flows

14How the money flows · FY2025

How does money flow through Dollar Tree?

Money in

  • Total revenue (net sales of $19,395.7 million plus other revenue)$19.4B
  • Fees from Family Dollar for transition services ($54.9 million) and other income, mostly a $62.0 million insurance gain ($61.9 million net)$117M

The company

Dollar Tree

$19.5B came in

Money out

  • Cost of sales (the goods, freight and distribution)$12.3B
  • Selling, general and administrative costs (store pay, rent, depreciation and head office)$5.5B
  • Interest, net$85.5M
  • Income tax$404M
  • Income from continuing operations$1.2B
  1. Shoppers paid Dollar Tree $19.4 billion in FY2025.
  2. The goods, with freight and distribution, cost $12.3 billion.
  3. Running the stores and the company took $5.5 billion, including staff pay, rent and depreciation.
  4. Fees from Family Dollar for transition services and an insurance gain added $116.8 million; interest took $85.5 million and income tax $404.2 million.
  5. That left $1,225.3 million of income from continuing operations. Family Dollar, until its sale, added $57.2 million, for total net income of $1,282.5 million.
Sources (1)
15What it needs to run

15What it needs to run

What does Dollar Tree need to run?

  • Leased stores

    9,436 stores on Aug 1, 2026, mostly 8,000 to 10,000 square feet of selling space in suburbs. Substantially all are leased, generally on first terms of 5 to 10 years.

  • Distribution centers

    17 US distribution centers on Aug 1, 2026. On Jan 31, 2026, its 16 US centers had 15.0 million square feet, and the 10-K says stores get about 90% of their inventory from them. A 1.0 million square foot center near Phoenix opened in May 2026 and delivers to about 700 stores; a rebuilt Marietta, Oklahoma center is expected to be fully running by spring 2027, the company says.

  • Imports

    Direct imports are typically about 40% of retail value purchases, and China is the source of the vast majority of them. No vendor was more than 10% of merchandise purchases in FY2025.

  • People

    153,032 employees on Jan 31, 2026: 35,181 full-time and 117,851 part-time.

  • Store leases

    Total lease cost was $1,510.0 million in FY2025, and operating lease liabilities were $4.6 billion on Jan 31, 2026.

Sources (2)
16Competitors and what protects it

16Competitors and what protects it

Who does Dollar Tree compete with?

Dollar Tree's FY2025 10-K names no competitors; it says it competes with discount stores and many other retailers, including mass merchandise, warehouse club, grocery, drug, convenience, variety, online and certain specialty stores. Dollar General's FY2025 10-K names Dollar Tree and Family Dollar among its primary direct competitors.

  • Dollar General

    NYSE: DG

    Dollar General's FY2025 10-K names Walmart, Family Dollar and Dollar Tree as its primary direct competitors; it runs discount stores selling everyday basics.

  • Family Dollar

    Owned by Dollar Tree until Jul 5, 2025 and now by 1959 Holdings, formed by Brigade Capital Management and Macellum Capital Management; Dollar General's FY2025 10-K names it as a primary direct competitor.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Many stores near shoppers4 of 5

    9,436 stores in 48 states, the District of Columbia and Canada on Aug 1, 2026; more than 8,400 offered same-day delivery through Instacart on Jan 31, 2026.

  • Low-price buying3 of 5

    Direct imports are about 40% of retail value purchases, and no vendor was more than 10% of purchases in FY2025. The company says its substantial buying power and flexibility in making sourcing decisions contribute to its purchasing strategy.

  • Own supply chain3 of 5

    17 US distribution centers on Aug 1, 2026, including one near Phoenix opened in May 2026. On Jan 31, 2026, the 16 US centers had 15.0 million square feet and stores got about 90% of their inventory from them, the 10-K says.

  • Steady store sales3 of 5

    The company says FY2025 was its 20th year in a row of positive same-store sales; comparable store net sales rose 5.3% in FY2025.

Weak spot

Reliance on imports from China and on low prices

China supplies the vast majority of direct imports, so tariff changes move its costs: Q2 FY2026 gross margin of 42.9% included 680 basis points from tariff refunds, the company says. Customer traffic fell in Q3 and Q4 FY2025 after retail price changes, the 10-K says, and again in Q1 FY2026.

Sources (9)
17Where growth could come from

17Where growth could come from

Where could Dollar Tree's growth come from?

Dollar Tree said in its Aug 27, 2026 earnings release that it expected FY2026 net sales from continuing operations of $20.5 billion to $20.7 billion, comparable store net sales growth of 3% to 4%, about 400 store openings and 75 closings, and adjusted diluted EPS (its own measure) of $7.70 to $8.05, including about $0.60 from the net effect of tariff refunds. For Q3 FY2026 it expected EPS of $0.80 to $0.95, including about $0.50 of tariff refund reinvestments.
Management statement, Aug 27, 2026. Reported as a statement, not our forecast.

  • Multi-price stores

    Working

    ~6,600 stores, Aug 1, 2026

    Stores carrying items above $1.25 rose from about 2,900 at the end of FY2024 to about 5,300 at the end of FY2025 and about 6,600 on Aug 1, 2026. The company says multi-price items were about 17% of Q2 FY2026 sales.

    Status: Working, on track against what the company said.

  • New stores

    Working

    402 opened, FY2025

    Dollar Tree opened 402 stores, converted 71 Family Dollar stores and closed 72 in FY2025, ending with 9,282. The company said on Aug 27, 2026 that it plans about 400 openings and 75 closings in FY2026; it had 9,436 stores on Aug 1, 2026.

    Status: Working, on track against what the company said.

  • More customer visits

    Mixed

    Traffic +0.4%, Q2 FY2026

    Comparable store net sales rose 5.3% in FY2025, mostly from a 4.3% higher average ticket. Traffic fell 0.3%, 1.2% and 1.0% in Q3 FY2025 to Q1 FY2026, then rose 0.4% in Q2 FY2026.

    Status: Mixed, partly on track.

  • More distribution capacity

    Early

    17 US distribution centers, Aug 1, 2026

    Dollar Tree bought a distribution center near Phoenix in October 2025 and opened it in May 2026; the 10-Q says the 1.0 million square foot site delivers to about 700 stores in Arizona, Colorado, Nevada, New Mexico and Utah. It is rebuilding its Marietta, Oklahoma center, which it expects to be fully running by spring 2027. It had 17 US distribution centers on Aug 1, 2026.

    Status: Early, too early to judge.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (8)
18The company's own measures (non-GAAP)

18The company's own measures · FY2025 and Q2 FY2026

What do Dollar Tree's own measures show?

Adjusted (non-GAAP) figures and store measures are Dollar Tree's own, shown next to the nearest official (GAAP) number and never added together. Net sales growth for FY2025 (10.4%) and Q2 FY2026 is as the company states it.

  • Official (GAAP): Diluted EPS from continuing operations, FY2025

    $5.94

    Company's own measure: Adjusted diluted EPS, FY2025

    $5.75

    The company's measure removes the about $62 million insurance gain on the Marietta distribution center, strategic review costs and a change in estimated software termination costs.

  • Official (GAAP): Diluted EPS from continuing operations, Q2 FY2026

    $2.70

    Company's own measure: Adjusted diluted EPS, Q2 FY2026

    $2.70

    No adjustments in Q2 FY2026. The company does not remove tariff refunds; it says their net effect added $1.31 to EPS.

  • Official (GAAP): Operating income, FY2025

    $1.7B

    Company's own measure: Adjusted operating income, FY2025

    $1.7B

    Adds back $15.5 million of strategic review costs and deducts $4.5 million for a change in estimated software termination costs, as the company defines it.

  • Official (GAAP): Net cash from operating activities (continuing operations), FY2025

    $2.2B

    Company's own measure: Free cash flow from continuing operations, FY2025

    $1.1B

    Operating cash flow of continuing operations minus capital expenditures, as the company defines it; it matches the free cash flowCash from operations minus spending on buildings and equipment. Learn more in this page's numbers.

  • Official (GAAP): Net sales growth, FY2025

    10.4%

    Company's own measure: Comparable store net sales growth, FY2025

    5.3%

    Sales growth at stores open long enough to compare with a year earlier, as Dollar Tree defines it: traffic rose 1.0% and the average ticket 4.3%. Net sales growth also includes new stores.

  • Official (GAAP): Net sales growth, Q2 FY2026

    7.0%

    Company's own measure: Comparable store net sales growth, Q2 FY2026

    3.7%

    Same definition. Average ticket rose 3.3% and traffic 0.4%.

  • Official (GAAP): Net sales, FY2025

    $19.4B

    Company's own measure: Net sales per selling square foot, FY2025

    241 $ per square foot

    As Dollar Tree reports it; it was $232 in FY2024 and $234 in FY2023.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out

Sources (3)
19Financial strength and debt

19Financial strength · Aug 1, 2026

How much debt does Dollar Tree have?

At Aug 1, 2026 Dollar Tree's debt exceeded its cash by $1.9 billion, less than its FY2025 cash from continuing operations of $2.2 billion.
  • Total debt$2.9B
  • Cash and investments$1.1B
  • Net debt (debt minus cash)$1.9B
  • Net worth (shareholders' money)$3.4B
Debt to equity
0.86×
$ of debt for every $1 of shareholders' money
  • Net debt is a Cityfort calculation from the Q2 FY2026 10-Q: long-term debt (senior notes and a $500 million term loan taken in March 2026) minus cash.
  • Operating lease liabilities of $4.7 billion at Aug 1, 2026 are not in total debt; some data vendors add them in.
  • The largest debt due soon is $1,250.0 million of 4.20% notes due in May 2028. A $1.5 billion revolving credit facility was undrawn and no commercial paper was outstanding on Aug 1, 2026.
  • Shareholders' equity fell from $7.3 billion at the end of FY2023 to $3.4 billion on Aug 1, 2026, after the Family Dollar losses and buybacks; balance sheets before FY2024 include Family Dollar.
  • Dollar Tree guarantees leases of 114 Family Dollar stores, about $86.0 million for the first year after the sale.
Sources (5)
20Who owns it

20Who owns it · ownership as of Apr 17, 2026

Who owns Dollar Tree?

Dollar Tree has one class of common stock, with one vote per share. Directors and executive officers (18 people) held 7.1% on Apr 17, 2026, almost all of it Mantle Ridge shares attributed to Vice Chair Paul Hilal; Mantle Ridge reported holding 0.1% after it distributed and sold shares on Jun 24, 2026.
Officers and directors (as a group), shares
7.1%
Share classes
Dollar Tree share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (187,630,299 shares outstanding on Aug 25, 2026 (Q2 FY2026 10-Q cover), down from 197,298,217 on Mar 12, 2026 after buybacks.)187.61–––Yes
Holders of 5% or more
Dollar Tree holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
FMR LLC (Fidelity)13.0%–Aug 6, 2026S29, S1724,922,005 shares as of Jun 30, 2026 (Schedule 13G/A filed Aug 6, 2026), up from 8.3% in the 2026 proxy.
BlackRock, Inc.7.9%–Feb 7, 2024S17, S3415,420,175 shares, as listed in the 2026 proxy from a Schedule 13G/A filed Feb 7, 2024; no later BlackRock filing appears on the company's EDGAR list.
Vanguard Capital Management7.1%–Apr 29, 2026S30, S31, S1714,010,221 shares (7.10%) as of Mar 31, 2026 (Schedule 13G filed Apr 29, 2026). The Vanguard Group, listed at 12.2% in the 2026 proxy from a 2024 filing, reported 0 shares on Mar 26, 2026 because its separate units now report their own holdings.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Dollar Tree's insiders report trading?

Dollar Tree's insiders made 45 Form 4 filings in the 12 months to Nov 6, 2026.

They reported no purchases and 5 sales (2.2 million shares) in the open market or privately (codes P and S).

None of the sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 48 other share transactions (F: 23, A: 21, C: 3, J: 1).

They also report 26 transactions in options, stock units or other derivatives.

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
C
conversion of a derivative security
J
another acquisition or disposition, described in a footnote

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 53 transactions
Dollar Tree's insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Beebe Brent A.Chief Merchandising OfficerOct 31, 2026F379 D$133.8720,001Not checkedForm 4, filed Nov 2, 2026
Maheshwari AdityaChief Accounting OfficerOct 27, 2026F620 D$123.655,276Not checkedForm 4, filed Oct 29, 2026
Maheshwari AdityaChief Accounting OfficerOct 27, 2026A147 A$0.005,423Not checkedForm 4, filed Oct 29, 2026
Konrad Jocelyn ZChief Retail OfficerOct 27, 2026F1,508 D$123.6520,330Not checkedForm 4, filed Oct 29, 2026
Konrad Jocelyn ZChief Retail OfficerOct 27, 2026A1,033 A$0.0021,363Not checkedForm 4, filed Oct 29, 2026
Mitchell John S. JRChief Legal OfficerOct 3, 2026F466 D$112.1619,512Not checkedForm 4, filed Oct 21, 2026
Stahl StephanieDirectorSep 4, 2026S1,185 D$131.474,089Not checkedForm 4, filed Sep 4, 2026
Aflatooni RobertChief Information OfficerAug 31, 2026S2,500 D$126.0124,820Not checkedForm 4, filed Sep 1, 2026
Maheshwari AdityaChief Accounting OfficerAug 2, 2026F127 D$127.215,896Not checkedForm 4, filed Aug 3, 2026
Stahl StephanieDirectorAug 1, 2026C1,185 ASee filing5,274Not checkedForm 4, filed Aug 3, 2026
Schumacher StevenChief People OfficerJul 5, 2026F282 D$124.0522,178Not checkedForm 4, filed Jul 7, 2026
HEINRICH DANIEL JDirectorJul 1, 2026A1,238 A$121.1512,538 (indirect: by Trust)Not checkedForm 4, filed Jul 6, 2026
Randolph DianeDirectorJul 1, 2026C1,398 ASee filing4,114Not checkedForm 4, filed Jul 6, 2026
Randolph DianeDirectorJul 1, 2026A1,238 A$121.155,352Not checkedForm 4, filed Jul 6, 2026
JOHNSON TIMOTHY ADirectorJul 1, 2026A1,238 A$121.153,391Not checkedForm 4, filed Jul 6, 2026
GRISE CHERYL WDirectorJul 1, 2026A1,238 A$121.152,238Not checkedForm 4, filed Jul 6, 2026
Mantle Ridge LP and 2 other joint filersOther: Director by deputization; DirectorJun 24, 2026C602,170 ASee filing12,706,663 (indirect: See footnotes)Not checkedForm 4, filed Jun 25, 2026
Mantle Ridge LP and 2 other joint filersOther: Director by deputization; DirectorJun 24, 2026S2,230,455 D$111.3110,476,208 (indirect: See footnotes)Not checkedForm 4, filed Jun 25, 2026
Mantle Ridge LP and 2 other joint filersOther: Director by deputization; DirectorJun 24, 2026J10,266,164 D$0.00210,044 (indirect: See footnotes)Not checkedForm 4, filed Jun 25, 2026
Beebe Brent A.Chief Merchandising OfficerApr 1, 2026F631 D$108.7013,021Not checkedForm 4, filed Apr 3, 2026
Beebe Brent A.Chief Merchandising OfficerApr 1, 2026A7,359 A$0.0020,380Not checkedForm 4, filed Apr 3, 2026
Creedon Michael C JrDirector, Chief Executive OfficerApr 1, 2026F10,224 D$108.7073,370Not checkedForm 4, filed Apr 3, 2026
Creedon Michael C JrDirector, Chief Executive OfficerApr 1, 2026A44,158 A$0.00117,528Not checkedForm 4, filed Apr 3, 2026
Schumacher StevenChief People OfficerApr 1, 2026F1,981 D$108.7015,561Not checkedForm 4, filed Apr 3, 2026
Schumacher StevenChief People OfficerApr 1, 2026A6,899 A$0.0022,460Not checkedForm 4, filed Apr 3, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Dollar Tree's Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (7)
21What it does with profit

21What it does with profit

What does Dollar Tree do with its profit?

Dollar Tree has never declared or paid a cash dividend. Amounts for full years are cash paid, from the cash flow statement; quarterly amounts are as announced, excluding excise tax. The board replenished the buyback authorization to $2.5 billion in July 2025 and again on Jul 2, 2026, and $2.5 billion remained on Aug 1, 2026.

  • Buyback · Jan 28, 2023

    Paid $647.5 million for share repurchases in FY2022.

    $648M

  • Buyback · Feb 3, 2024

    Paid $500.0 million for share repurchases in FY2023 (3.9 million shares).

    $500M

  • Buyback · Feb 1, 2025

    Paid $400.0 million for share repurchases in FY2024 (3.3 million shares).

    $400M

  • Buyback · Jan 31, 2026

    Paid $1,548.0 million for share repurchases in FY2025 (17.2 million shares).

    $1.5B

  • Buyback · May 2, 2026

    Repurchased 5.5 million shares for $595 million in Q1 FY2026.

    $595M

  • Buyback · Aug 1, 2026

    Repurchased 5.6 million shares for $605 million in Q2 FY2026, including $500 million in a June 2026 block trade in which Mantle Ridge funds were among the sellers.

    $605M

Sources (5)
22Governance signals

22Governance signals

What do Dollar Tree's governance filings show?

Auditor
KPMG LLP, since 1987
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
Under a Stewardship Framework Agreement of Mar 8, 2022, Mantle Ridge, whose founder Paul Hilal is Vice Chair, has rights over board nominations. In June 2026 Dollar Tree bought back $500 million of stock in a block trade in which Mantle Ridge funds were among the selling stockholders.
Credit rating
Not checked for this page

Flags to know about

  • disclosure

    Credit ratings not named in filings

    The FY2025 10-K and the 2026 10-Qs say the interest rates on Dollar Tree's credit facility and term loan move with its credit ratings, but they do not name the ratings or the agencies.

  • shares as collateral

    Mantle Ridge shares used as loan collateral

    The 2026 proxy says certain Mantle Ridge funds used Dollar Tree shares as collateral under a loan agreement in July 2025, with no share-price or margin-call triggers. Mantle Ridge reported holding 0.1% after Jun 24, 2026.

  • other

    Family Dollar ties after the sale

    Dollar Tree guarantees leases of 114 Family Dollar stores (about $86.0 million for the first year after the sale) and indemnifies Family Dollar for certain product cases from before the sale, including talc and acetaminophen claims.

  • late filing

    Late insider filings

    The 2026 proxy reports that one Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more each for Brent Beebe and Roxanne Weng and one Form 3 for Jocelyn Konrad were filed late in FY2025.

  • other

    CEO pay ratio

    FY2025 pay for CEO Michael Creedon was $14,775,215, against $16,214 for the median employee: a ratio of 911 to 1.

Sources (6)
23What the market paid

23What the market paid · price as of Nov 5, 2026

What did the market pay for Dollar Tree on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: $137.94, the Nasdaq closing price. Times 187.6 million shares (Aug 25, 2026), that is a market value of about $25.9 billion (Cityfort calculation from the Nov 5, 2026 Nasdaq closing price and the Q2 FY2026 10-Q cover). P/E is price ÷ earnings per share: 16.8 on diluted EPS from continuing operations of $8.22 for the four quarters to Aug 1, 2026 (Cityfort calculation from the Q3 FY2025 to Q2 FY2026 earnings releases). Those earnings include $1.31 a share from tariff refunds in Q2 FY2026, as the company states it.

Share price
$137.94
Market value (market cap)
$25.9B
P/E
16.8×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 187.63 million ($137.94 × 187.63 million shares ≈ $25.9B). Source: Form 10-Q for Q2 fiscal 2026 (13 weeks ended Aug 1, 2026); Form 10-K for fiscal year 2025 (ended Jan 31, 2026)

Source: DLTR historical daily prices, Nasdaq (close of Nov 5, 2026: $137.94); Form 10-Q for Q2 fiscal 2026 (13 weeks ended Aug 1, 2026); Q3 fiscal 2025 earnings release (8-K Ex. 99.1, quarter ended Nov 1, 2025) and 3 more

Sources (10)
24How it got here

24How it got here

How did Dollar Tree get here?

  1. 2018

    Crisis

    First Family Dollar write-downs

    Dollar Tree wrote down Family Dollar goodwill by $2,727.0 million in fiscal 2018 and $313.0 million in fiscal 2019. With later write-downs, the total reached $4,599.5 million (about $4.6 billion) by FY2024.

  2. 2022

    Milestone

    Agreement with Mantle Ridge

    A Stewardship Framework Agreement signed on Mar 8, 2022 gave Mantle Ridge rights over board nominations; its founder Paul Hilal is Vice Chair.

  3. 2023

    Crisis

    Net loss from Family Dollar

    Family Dollar goodwill and trade name impairments of $1,069.0 million and $950.0 million led to a total net loss of $998.4 million in FY2023.

  4. 2024

    Crisis

    Tornado destroys a distribution center

    A tornado destroyed the Marietta, Oklahoma distribution center in Q1 FY2024. Insurance covered $117.0 million of losses, and rebuilding started in September 2025.

  5. 2024

    Milestone

    New CEO

    Michael C. Creedon, Jr., chief operating officer since October 2022, became CEO on Dec 18, 2024 after Richard Dreiling resigned.

  6. 2025

    Business-model change

    Family Dollar sold

    Dollar Tree agreed on Mar 25, 2025 to sell Family Dollar for $1,007.0 million, subject to adjustments, and closed on Jul 5, 2025. The sale generated about $793 million of cash.

  7. 2025

    Milestone

    Investor Day targets

    On Oct 15, 2025 Dollar Tree said it expected EPS to grow at a 12% to 15% compound annual rate in fiscal 2026 to 2028.

  8. 2026

    Milestone

    Tariff refunds and Mantle Ridge exit

    Dollar Tree received about $369 million of tariff refunds plus $14 million of interest in Q2 FY2026. In June 2026 Mantle Ridge distributed or sold most of its shares, leaving 0.1%.

Sources (9)

25Sources and changes

Where every number on this page comes from

Sources (30 documents)
  1. S1Form 10-K for fiscal year 2025 (ended Jan 31, 2026) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 16, 2026
  2. S2Form 10-K for fiscal year 2024 (ended Feb 1, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2025
  3. S3Form 10-K for fiscal year 2023 (ended Feb 3, 2024, 53 weeks) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 20, 2024
  4. S4Form 10-Q for Q2 fiscal 2026 (13 weeks ended Aug 1, 2026) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 27, 2026
  5. S5Form 10-Q for Q1 fiscal 2026 (13 weeks ended May 2, 2026) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 28, 2026
  6. S6Form 10-Q for Q3 fiscal 2025 (13 weeks ended Nov 1, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 3, 2025
  7. S7Form 10-Q for Q2 fiscal 2025 (13 weeks ended Aug 2, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 3, 2025
  8. S9Q2 fiscal 2026 earnings release (8-K Ex. 99.1, quarter ended Aug 1, 2026) with fiscal 2026 and Q3 outlook · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 27, 2026
  9. S10Q1 fiscal 2026 earnings release (8-K Ex. 99.1, quarter ended May 2, 2026) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 28, 2026
  10. S11Q4 and fiscal 2025 earnings release with fiscal 2026 outlook (8-K Ex. 99.1, quarter ended Jan 31, 2026) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 16, 2026
  11. S12Q3 fiscal 2025 earnings release (8-K Ex. 99.1, quarter ended Nov 1, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 3, 2025
  12. S13Q2 fiscal 2025 earnings release (8-K Ex. 99.1, quarter ended Aug 2, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 3, 2025
  13. S14Q1 fiscal 2025 earnings release (8-K Ex. 99.1, quarter ended May 3, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 4, 2025
  14. S15Q4 and fiscal 2024 earnings release with fiscal 2025 outlook (8-K Ex. 99.1, quarter ended Feb 1, 2025) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2025
  15. S172026 proxy statement (DEF 14A), annual meeting Jun 16, 2026 · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 1, 2026
  16. S188-K filed Jul 7, 2025: completion of Family Dollar sale (Item 2.01) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 7, 2025
  17. S198-K filed Mar 26, 2025, Ex. 99.2: agreement to sell Family Dollar to Brigade and Macellum · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2025
  18. S208-K filed Oct 15, 2025, Ex. 99.1: 2025 Investor Day outlook (fiscal 2026-2028 EPS growth) · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 15, 2025
  19. S218-K filed Mar 23, 2026: $500 million term loan credit agreement · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 23, 2026
  20. S228-K filed Jul 2, 2026, Ex. 99.1: share repurchase authorization replenished to $2.5 billion after the June 2026 block-trade repurchase · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 2, 2026
  21. S248-K filed Nov 3, 2026, Ex. 99.1: Q3 fiscal 2026 results date (Nov 24, 2026) and call · Dollar Tree, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 3, 2026
  22. S28Schedule 13D/A, Mantle Ridge LP (0.1% after the Jun 24, 2026 distribution and sale) · Mantle Ridge LP (SEC EDGAR) · Tier 1: company or exchange filing · Jun 25, 2026
  23. S29Schedule 13G/A, FMR LLC (13.0%, as of Jun 30, 2026) · FMR LLC (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
  24. S30Schedule 13G, Vanguard Capital Management (7.10%, as of Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
  25. S31Schedule 13G/A, The Vanguard Group (0 shares after the Jan 12, 2026 realignment, as of Mar 13, 2026) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2026
  26. S32Q2 2026 Supplemental Financial Presentation (company IR, Aug 27, 2026) · Dollar Tree, Inc. · Tier 1: company or exchange filing · Aug 27, 2026
  27. S33DLTR historical daily prices, Nasdaq (close of Nov 5, 2026: $137.94) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
  28. S34EDGAR filing list, Dollar Tree, Inc. (CIK 0000935703) · U.S. Securities and Exchange Commission · Tier 1: company or exchange filing · Nov 7, 2026
  29. S35SEC XBRL company facts, Dollar Tree, Inc. (figures as tagged in the 10-K and 10-Q filings) · U.S. Securities and Exchange Commission · Tier 1: company or exchange filing · Nov 7, 2026
  30. S36Dollar General Corporation Form 10-K for fiscal year 2025 (ended Jan 30, 2026): competition section · Dollar General Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Mar 20, 2026
Changes to this page (v1 · Nov 7, 2026)
  1. v1 · Nov 7, 2026First version, through Q2 FY2026 (quarter ended Aug 1, 2026). (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

Disclaimer

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Cityfort publishes general educational content that explains how listed companies work. Cityfort is not registered with the US Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not a broker-dealer or a member of FINRA. Cityfort does not provide investment, tax or legal advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security. Nothing on the site is tailored to any person's circumstances.

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