CHESAPEAKE, VA - Dollar Tree, Inc. reported financial results for its first quarter ended May 2, 2026.
“Our first quarter results reflect continued progress across the business and demonstrate the strength of Dollar Tree’s position as the preferred destination for value, convenience, and discovery,” said Mike Creedon, Chief Executive Officer, in the recent release. “We continued advancing our strategic plan – a more relevant assortment, agile cost management, a stronger customer connection, and new store growth coupled with improved store conditions – all driving operating margin expansion and delivering a strong bottom-line performance. As we celebrate our 40th anniversary in 2026, we are encouraged by the progress we are seeing across the business and remain focused on making thoughtful investments in our stores, assortment, and customer experience – building Dollar Tree to last for decades to come.”
Additional Business Highlights
- Opened 113 new Dollar Tree stores during the quarter
- Converted or added about 630 stores to the Dollar Tree multi-price format, ending the quarter with approximately 5,900 multi-price stores
- Generated $644 million of net cash provided by operating activities from continuing operations and $392 million of free cash flow
- Ended the quarter with 9,382 stores across the Dollar Tree U.S. and Dollar Tree Canada banners
First Quarter Results
- Results for the first quarter ended May 2, 2026, are reported on a continuing operations basis. Continuing operations reflect the results of Dollar Tree brands in the United States and Canada.
- Unless otherwise noted, all comparisons are to the prior year’s first quarter ended May 3, 2025, for the results of continuing operations.
- Net sales increased 7.2% to $5.0 billion. Comparable store net sales increased 3.5%, driven by a 4.5% increase in average ticket, partially offset by a 1.0% decline in traffic.
- Gross profit margin increased 120 basis points. The improvement in gross margin was primarily driven by higher mark-up, lower freight costs, and lower shrinkage. These benefits were partially offset by higher tariff costs and higher markdowns.
See the full report here.
