Analyst Consensus ?
ConsensusHold47 ratings
Bullish2553.2%
Neutral1838.3%
Bearish48.5%
1 unmapped firm rating excluded from the percentages.
Dollar Tree, Inc. · DLTR · FY2024 Q2 · Calendar Q3 2024
Dollar Tree lowers EPS outlook as discretionary demand softens
The quarter supports a mixed operating picture: Dollar Tree's multi-price format and consumables initiatives show evidence of demand and productivity potential, but the lower earnings outlook, softer discretionary demand and acquisition-related costs weaken the near-term case.
Reported Before market openNASDAQConsumer Defensive
$23.11B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.67
Consensus $1.04
EPS surprise
-35.6%
Reported versus consensus
Reported revenue
$7.38B
Consensus $7.49B
Revenue surprise
-1.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-22.2%
Event window
SPY move
-0.2%
Same window
Abnormal move
-22.0%
Stock minus SPY
Volume
11.0×
Versus trailing sessions
Subsequent drift
+9.3%
Up to 20 sessions
DLTRSPY benchmark
Ask FN2 about DLTR FY2024 Q2
Transcript, numbers and history already loaded
Why did DLTR fall 22.2% after missing EPS estimates in FY2024 Q2?What changed in DLTR's guidance and outlook in FY2024 Q2?Give me the bull and bear case for DLTR after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior-quarter analysis, the tone shifted from confident with maintained guidance to cautious with lowered guidance. The current quarter added a liability-related EPS headwind, softer discretionary demand and upfront 99 Cents Only costs, while multi-price conversion performance remained a relative strength.
Guidance delta
Management lowered full-year adjusted EPS guidance to $5.20-$5.60, reflecting a revised sales outlook and additional costs.
Key takeaways
- Q2 EPS missed expectations, with a material contribution from a general liability charge and softer discretionary demand.
- Multi-price conversion stores delivered a 4.6% comparable-sales increase versus less than 0.5% for other formats.
- The 99 Cents Only lease-portfolio acquisition expands the footprint but brings higher upfront occupancy costs.
- Operating cash flow was $307 million and share repurchases were $91 million in the quarter.
Management priorities
- Continue multi-price conversions, targeting 8%-10% of Dollar Tree doors.
- Complete the warehouse-management-system rollout and expand RotaCart delivery coverage to more than 2,000 stores.
- Continue the Family Dollar strategic review and evaluate shareholder-value pathways.
- Expand private-brand consumables and reopen acquired 99 Cents Only locations.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$126.02Current
$64Low
$131.62Average
$200.9High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Loop Capital | Buy | Hold | Upgrade | Oct 1, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Sep 29, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 4, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 31, 2026 |
| UBS | Buy | Buy | Maintain | Aug 28, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 28, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 25, 2026 |
| Guggenheim | Buy | Buy | Maintain | Aug 25, 2026 |
| Jefferies | Hold | Underperform | Upgrade | Aug 19, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 17, 2026 |
| BMO Capital | Underperform | Underperform | Maintain | Aug 11, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jul 31, 2026 |
| Raymond James | Outperform | Market Perform | Upgrade | Jul 8, 2026 |
| Goldman Sachs | Neutral | Sell | Upgrade | Jul 8, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 6, 2026 |
| BNP Paribas | Underperform | Underperform | Maintain | May 29, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | May 28, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Mar 17, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Mar 17, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Mar 17, 2026 |
| Gordon Haskett | Reduce | Hold | Downgrade | Sep 3, 2025 |
| Keybanc | Overweight | Downgrade | Nov 7, 2024 | |
| Oppenheimer | Perform | Perform | Maintain | Mar 4, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 25, 2023 |
| OTR Global | Mixed | Positive | Downgrade | Aug 18, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | May 26, 2023 |
| R5 Capital | Buy | Hold | Upgrade | Nov 15, 2021 |
| RBC Capital | Outperform | Outperform | Maintain | May 28, 2021 |
| CFRA | Buy | Buy | Maintain | May 28, 2020 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Nov 29, 2019 |
| Buckingham Research | Buy | Buy | Maintain | Jun 1, 2018 |
| Buckingham | Buy | Buy | Maintain | Jun 1, 2018 |
| PiperJaffray | Overweight | Neutral | Upgrade | Mar 26, 2018 |
| MKM Partners | Buy | Buy | Maintain | Mar 8, 2018 |
| Bank of America | Buy | Buy | Maintain | Jan 30, 2018 |
| Johnson Rice | Buy | Accumulate | Maintain | Apr 24, 2017 |
| Cleveland Research | Neutral | Buy | Downgrade | Oct 4, 2016 |
| Canaccord Genuity | Buy | Buy | Maintain | Sep 11, 2015 |
| Cantor Fitzgerald | Buy | Buy | Maintain | Sep 2, 2015 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Feb 26, 2015 |
| Stifel | Hold | Buy | Downgrade | Feb 26, 2015 |
| BB&T Capital | Hold | Buy | Downgrade | Feb 26, 2015 |
| Wedbush | Outperform | Outperform | Maintain | Nov 21, 2014 |
| Northcoast Research | Buy | Neutral | Upgrade | Jun 24, 2014 |
| Sterne Agee | Buy | Neutral | Upgrade | May 29, 2014 |
| Standpoint Research | Hold | Buy | Downgrade | Jul 2, 2013 |
| Nomura | Neutral | Neutral | Maintain | May 24, 2013 |
| Feltl & Co. | Strong Buy | Strong Buy | Maintain | May 17, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $126.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Loop Capital Markets | Analyst unavailable | $140 | $114.02 | +11.1% | Oct 1, 2026 |
| Evercore ISI | Analyst unavailable | $135 | $116.02 | +7.1% | Sep 29, 2026 |
| Barclays | Seth Sigman | $160 | $131.04 | +27.0% | Sep 4, 2026 |
| Goldman Sachs | Kate McShane | $131 | $126.8 | +4.0% | Aug 31, 2026 |
| Piper Sandler | Analyst unavailable | $121 | $128.26 | -4.0% | Aug 31, 2026 |
| Morgan Stanley | Analyst unavailable | $145 | $127 | +15.1% | Aug 28, 2026 |
| UBS | Analyst unavailable | $150 | $127 | +19.0% | Aug 28, 2026 |
| Raymond James | Analyst unavailable | $145 | $127 | +15.1% | Aug 28, 2026 |
| Bernstein | Zhihan Ma | $130 | $127 | +3.2% | Aug 28, 2026 |
| BMO Capital | Kelly Bania | $135 | $127 | +7.1% | Aug 28, 2026 |
| Truist Financial | Analyst unavailable | $138 | $136.75 | +9.5% | Aug 25, 2026 |
| Guggenheim | John Heinbockel | $145 | $136.75 | +15.1% | Aug 25, 2026 |
| Jefferies | Corey Tarlowe | $135 | $130.48 | +7.1% | Aug 19, 2026 |
| Wells Fargo | Analyst unavailable | $155 | $129.39 | +23.0% | Aug 17, 2026 |
| BMO Capital | Kelly Bania | $98 | $129.37 | -22.2% | Aug 11, 2026 |
| Bernstein | Analyst unavailable | $127 | $128.57 | +0.8% | Jul 31, 2026 |
| Goldman Sachs | Analyst unavailable | $125 | $122.65 | -0.8% | Jul 8, 2026 |
| Raymond James | Bobby Griffin | $140 | $122.65 | +11.1% | Jul 8, 2026 |
| Gordon Haskett Capital Corporation | Analyst unavailable | $125 | $123.7 | -0.8% | Jul 2, 2026 |
| Gordon Haskett Capital Corporation | Analyst unavailable | $115 | $113.14 | -8.7% | Jun 4, 2026 |
| Jefferies | Analyst unavailable | $85 | $116.44 | -32.5% | May 29, 2026 |
| UBS | Michael Lasser | $145 | $113.8 | +15.1% | May 29, 2026 |
| Guggenheim | Analyst unavailable | $135 | $113 | +7.1% | May 29, 2026 |
| UBS | Analyst unavailable | $124 | $113.17 | -1.6% | May 28, 2026 |
| Truist Financial | Analyst unavailable | $107 | $93.85 | -15.1% | May 27, 2026 |
| Piper Sandler | Analyst unavailable | $101 | $94.98 | -19.9% | May 26, 2026 |
| Barclays | Seth Sigman | $131 | $94.98 | +4.0% | May 26, 2026 |
| UBS | Michael Lasser | $132 | $95.88 | +4.7% | May 22, 2026 |
| Evercore ISI | Analyst unavailable | $140 | $92.52 | +11.1% | May 18, 2026 |
| Bernstein | Analyst unavailable | $115 | $90.02 | -8.7% | May 12, 2026 |
| Evercore ISI | Michael Montani | $150 | $108.62 | +19.0% | Apr 21, 2026 |
| Truist Financial | Scot Ciccarelli | $142 | $114.5 | +12.7% | Mar 16, 2026 |
| Redburn Partners | Sam Hudson | $165 | $126.06 | +30.9% | Feb 17, 2026 |
| BMO Capital | Kelly Bania | $95 | $128.43 | -24.6% | Feb 13, 2026 |
| Evercore ISI | Michael Montani | $160 | $117.22 | +27.0% | Feb 3, 2026 |
| BNP Paribas | Analyst unavailable | $87 | $131.2 | -31.0% | Jan 21, 2026 |
| Truist Financial | Scot Ciccarelli | $156 | $141.21 | +23.8% | Jan 16, 2026 |
| Morgan Stanley | Analyst unavailable | $146 | $139.68 | +15.9% | Jan 15, 2026 |
| Deutsche Bank | Krisztine Katai | $126 | $131.56 | -0.0% | Jan 8, 2026 |
| Barclays | Seth Sigman | $149 | $131.56 | +18.2% | Jan 8, 2026 |
| Bernstein | Analyst unavailable | $123 | $127.7 | -2.4% | Jan 5, 2026 |
| Wells Fargo | Edward Kelly | $145 | $126.9 | +15.1% | Dec 19, 2025 |
| Telsey Advisory | Analyst unavailable | $150 | $127.94 | +19.0% | Dec 17, 2025 |
| Truist Financial | Scot Ciccarelli | $149 | $129.58 | +18.2% | Dec 17, 2025 |
| Barclays | Seth Sigman | $136 | $120.33 | +7.9% | Dec 9, 2025 |
| Morgan Stanley | Simeon Gutman | $130 | $118.28 | +3.2% | Dec 8, 2025 |
| Telsey Advisory | Analyst unavailable | $135 | $118.04 | +7.1% | Dec 4, 2025 |
| Evercore ISI | Analyst unavailable | $120 | $112.92 | -4.8% | Dec 4, 2025 |
| Bernstein | Analyst unavailable | $109 | $115.29 | -13.5% | Dec 4, 2025 |
| UBS | Analyst unavailable | $138 | $112.92 | +9.5% | Dec 4, 2025 |
| Guggenheim | Analyst unavailable | $130 | $112.92 | +3.2% | Dec 4, 2025 |
| Piper Sandler | Peter Keith | $114 | $112.92 | -9.5% | Dec 4, 2025 |
| Wells Fargo | Analyst unavailable | $125 | $112.92 | -0.8% | Dec 4, 2025 |
| Jefferies | Analyst unavailable | $75 | $112.92 | -40.5% | Dec 3, 2025 |
| Truist Financial | Analyst unavailable | $136 | $114.05 | +7.9% | Dec 3, 2025 |
| Evercore ISI | Analyst unavailable | $100 | $97.93 | -20.6% | Oct 21, 2025 |
| Goldman Sachs | Analyst unavailable | $133 | $96.44 | +5.5% | Oct 20, 2025 |
| New Street | Zhihan Ma | $103 | $95.97 | -18.3% | Oct 16, 2025 |
| Wells Fargo | Analyst unavailable | $115 | $89.02 | -8.7% | Oct 10, 2025 |
| Jefferies | Analyst unavailable | $70 | $87.68 | -44.5% | Oct 7, 2025 |
| Bernstein | Analyst unavailable | $100 | $89.98 | -20.6% | Oct 6, 2025 |
| Morgan Stanley | Analyst unavailable | $105 | $100.25 | -16.7% | Sep 4, 2025 |
| Piper Sandler | Peter Keith | $108 | $102.03 | -14.3% | Sep 4, 2025 |
| Truist Financial | Scot Ciccarelli | $129 | $102.03 | +2.4% | Sep 3, 2025 |
| Gordon Haskett Capital Corporation | Analyst unavailable | $95 | $102.03 | -24.6% | Sep 3, 2025 |
| Telsey Advisory | Joseph Feldman | $130 | $112.5 | +3.2% | Aug 29, 2025 |
| UBS | Analyst unavailable | $140 | $111.79 | +11.1% | Aug 26, 2025 |
| Piper Sandler | Peter Keith | $112 | $112.82 | -11.1% | Aug 19, 2025 |
| Wells Fargo | Edward Kelly | $105 | $91.24 | -16.7% | Jun 2, 2025 |
| Truist Financial | Scot Ciccarelli | $89 | $83.79 | -29.4% | May 6, 2025 |
| Bernstein | Zhihan Ma | $82 | $83.95 | -34.9% | May 5, 2025 |
| Guggenheim | John Heinbockel | $100 | $84.82 | -20.6% | May 5, 2025 |
| Telsey Advisory | Analyst unavailable | $82 | $76.95 | -34.9% | Mar 27, 2025 |
| Truist Financial | Analyst unavailable | $84 | $76.95 | -33.3% | Mar 27, 2025 |
| Truist Financial | Scot Ciccarelli | $76 | $67.14 | -39.7% | Mar 25, 2025 |
| BMO Capital | Kelly Bania | $70 | $72.56 | -44.5% | Dec 5, 2024 |
| Loop Capital Markets | Anthony Chukumba | $75 | $72.14 | -40.5% | Dec 5, 2024 |
| Truist Financial | Scot Ciccarelli | $83 | $72.23 | -34.1% | Dec 5, 2024 |
| Piper Sandler | Peter Keith | $72 | $72.23 | -42.9% | Dec 5, 2024 |
| Telsey Advisory | Joseph Feldman | $75 | $66.53 | -40.5% | Nov 5, 2024 |
| Loop Capital Markets | Anthony Chukumba | $65 | $73.5 | -48.4% | Sep 18, 2024 |
| Guggenheim | John Heinbockel | $60 | $34.24 | -52.4% | Sep 6, 2024 |
| Loop Capital Markets | Kelly Bania | $68 | $68.47 | -46.0% | Sep 5, 2024 |
| Morgan Stanley | Simeon Gutman | $80 | $63.56 | -36.5% | Sep 5, 2024 |
| Citigroup | Paul Lejuez | $64 | $62.71 | -49.2% | Sep 5, 2024 |
| Piper Sandler | Peter Keith | $67 | $63.56 | -46.8% | Sep 5, 2024 |
| BMO Capital | Kelly Bania | $68 | $63.56 | -46.0% | Sep 5, 2024 |
| KeyBanc | Bradley Thomas | $84 | $68.47 | -33.3% | Sep 5, 2024 |
| Barclays | Seth Sigman | $81 | $62.56 | -35.7% | Sep 4, 2024 |
| CFRA | Arun Sundaram | $74 | $63.56 | -41.3% | Sep 4, 2024 |
| Truist Financial | Scot Ciccarelli | $79 | $63.56 | -37.3% | Sep 4, 2024 |
| Telsey Advisory | Joseph Feldman | $60 | $32.49 | -52.4% | Sep 4, 2024 |
| BMO Capital | Kelly Bania | $65 | $32.49 | -48.4% | Sep 4, 2024 |
| UBS | Michael Lasser | $155 | $105.21 | +23.0% | Jun 28, 2024 |
| Deutsche Bank | Krisztina Katai | $149 | $114.65 | +18.2% | Jun 6, 2024 |
| BMO Capital | Kelly Bania | $145 | $114.52 | +15.1% | Jun 6, 2024 |
| Truist Financial | Scot Ciccarelli | $140 | $114.38 | +11.1% | Jun 6, 2024 |
| Piper Sandler | Peter Keith | $143 | $114.38 | +13.5% | Jun 6, 2024 |
| Evercore ISI | Michael Montani | $136 | $114.38 | +7.9% | Jun 6, 2024 |
| KeyBanc | Bradley Thomas | $145 | $114.42 | +15.1% | Jun 6, 2024 |
| Wells Fargo | Edward Kelly | $160 | $114.38 | +27.0% | Jun 5, 2024 |
| Telsey Advisory | Joseph Feldman | $155 | $114.38 | +23.0% | Jun 5, 2024 |
| Deutsche Bank | Krisztina Katai | $151 | $114.68 | +19.8% | May 21, 2024 |
| KeyBanc | Bradley Thomas | $150 | $118.56 | +19.0% | May 1, 2024 |
| Piper Sandler | Peter Keith | $168 | $125.23 | +33.3% | Mar 14, 2024 |
| BMO Capital | Kelly Bania | $160 | $125.23 | +27.0% | Mar 14, 2024 |
| Evercore ISI | Michael Montani | $144 | $125.23 | +14.3% | Mar 14, 2024 |
| Deutsche Bank | Krisztina Katai | $155 | $125.23 | +23.0% | Mar 14, 2024 |
| Goldman Sachs | Kate McShane | $152 | $125.23 | +20.6% | Mar 14, 2024 |
| Loop Capital Markets | Kelly Bania | $170 | $105.47 | +34.9% | Oct 6, 2023 |
| Telsey Advisory | Joseph Feldman | $162 | $144.07 | +28.6% | Jun 22, 2023 |
| Telsey Advisory | Joseph Feldman | $165 | $160.08 | +30.9% | May 19, 2023 |
| Barclays | Analyst unavailable | $145 | $150.37 | +15.1% | Feb 8, 2023 |
| Credit Suisse | Analyst unavailable | $150 | $139.42 | +19.0% | Dec 20, 2022 |
| UBS | Michael Lasser | $177 | $152.37 | +40.5% | Nov 23, 2022 |
| Telsey Advisory | Joseph Feldman | $170 | $152.37 | +34.9% | Nov 22, 2022 |
| Truist Financial | Scot Ciccarelli | $178 | $167.36 | +41.3% | Jul 9, 2022 |
| Telsey Advisory | Joseph Feldman | $160 | $130.2 | +27.0% | May 24, 2022 |
| Truist Financial | Scot Ciccarelli | $147 | $127.88 | +16.7% | May 22, 2022 |
| Piper Sandler | Peter Keith | $181 | $152.08 | +43.6% | Mar 16, 2022 |
| R5 Capital | Scott Mushkin | $200.9 | $139.92 | +59.4% | Mar 2, 2022 |
| UBS | Michael Lasser | $175 | $142.08 | +38.9% | Feb 28, 2022 |
| Telsey Advisory | Joe Feldman | $180 | $136.2 | +42.8% | Feb 23, 2022 |
| J.P. Morgan | Matthew Boss | $181 | $139.79 | +43.6% | Feb 22, 2022 |
| Gordon Haskett Capital Corporation | Charles Grom | $155 | $137.93 | +23.0% | Feb 10, 2022 |
| Goldman Sachs | Kate McShane | $150 | $141.35 | +19.0% | Nov 29, 2021 |
| Bank of America Securities | Robert Ohmes | $108 | $146.61 | -14.3% | Nov 24, 2021 |
| Jefferies | Corey Tarlowe | $100 | $100.51 | -20.6% | Sep 29, 2021 |
Track every rating change on DLTR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDollar Tree, Inc. (DLTR) operates as a leading discount retailer, managing its extensive operations through two principal divisions: Dollar Tree and Family Dollar. The Dollar Tree segment distinguishes itself by offering all its merchandise at a consistent price of $1.25. Its product range is broad, encompassing essential consumables like confectionery, various food items, health and personal care products, household cleaning chemicals, paper goods, and frozen or refrigerated foods. Beyond these daily necessities, customers can find a diverse selection of general merchandise, including toys, resilient housewares, gifts, stationery, party essentials, greeting cards, softline apparel, and arts and crafts supplies. The segment also prominently features seasonal items for holidays such as Christmas, Easter, Halloween, and Valentine's Day.…
Historical context
All DLTR earningsLatest beats and misses
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-20T13:50:44.045172+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T13:50:44.042212+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.