Dollar Tree (DLTR) FY2023 results: revenue $16.8 billion, up 8.9% on the year
Dollar Tree, Inc. (DLTR) reported revenue of $16.8 billion for fiscal 2023, the year ended 3 February 2024, up 8.9% on the year before. Net income was -$998 million, and diluted earnings per share $-4.55. The figures are the company's own, from the 10-K it filed with the SEC on 20 March 2024.
Revenue
$16.8 billion
+8.9% on the year
FY2016FY2023
Operating margin
10.6%
13.6% a year earlier
FY2016FY2023
Net income
-$998 million
FY2016FY2023
Diluted EPS
-$4.55
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,684
1,615
1,432
+66.2%
Capital expenditure
1,194
639
1,021
+86.8%
Free cash flow
1,491
976
410
+52.8%
Free cash flow margin
8.9%
6.3%
1.6%
Cash from investing
-2,108
-1,254
-1,020
Cash from financing
-530
-687
-836
Depreciation and amortisation
400
365
716
+9.6%
Share-based compensation
76.3
91.5
79.9
-16.6%
Buybacks
500
648
950
-22.8%
Diluted shares, weighted
220m
224m
229m
-2.1%
Shares outstanding at period end
218m
221m
225m
-1.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
7,313
8,752
7,718
-16.4%
Short-term borrowings
0.0
0.0
n/a
Debt
3,426
3,422
3,417
+0.1%
Operating lease liabilities
3,042
5,255
5,146
-42.1%
Other liabilities
8,242
5,594
5,441
+47.3%
Total liabilities and equity
22,024
23,022
21,722
-4.3%
Fixed assets
3,822
4,972
4,477
-23.1%
Goodwill
423
1,983
1,984
-78.7%
Cash and equivalents
425
643
985
-33.9%
Other assets
17,353
15,424
14,275
+12.5%
Total assets
22,024
23,022
21,722
-4.3%
10-K for the year ended 3 February 2024, filed 20 March 2024: the filing.