Dollar Tree Net Jumps 37 Percent in Third Quarter

CHESAPEAKE, Va.-Net income for Dollar Tree finished the third quarter at $93.2 million, up 37 percent over the third quarter of last year.

Net sales for the quarter, which ended on Oct. 30, rose 14.2 percent to $1.4 billion, driven by increases in store traffic and average ticket per sale, according to Bob Sasser, president and chief executive officer. Sasser cited housewares, domestics and home products as among the top-selling third-quarter categories for the dollar-store retailer. The gain included an increase of same-store sales of 8.7 percent.

Gross margin gained 20 basis points to finish the quarter at 35.5 percent. Selling, general and administrative expenses increased 9.4 percent in dollar terms, but declined 110 basis points as a percentage of sales to 25.6 percent.

Dollar Tree estimated that fourth-quarter net sales will be in the range of $1.72 billion to $1.76 billion. This would bring net sales for the full fiscal year to between $5.88 billion and $5.92 billion.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money