Dollar Tree (DLTR) Q1 2023 Earnings Call Transcript

For the period ending April 29, 2023

May 25, 2023 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and welcome to Dollar Tree’s Q1 2023 earnings call. Today’s call is being recorded.

At this time, I’ll now turn the call over to Randy Guiler. Please go ahead, sir.

Randy Guiler

Good morning and welcome to our call to discuss Dollar Tree’s first quarter fiscal 2023. With me on today’s call are Chairman and CEO Rick Dreiling and CFO Jeff Davis.

Before we begin, I would like to remind everyone that various remarks that we will make about expectations, plans and prospects for the company constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. The statements are subject to risks and uncertainties and our actual results may differ materially from those indicated by these forward-looking statements. For information on the risks and uncertainties that could affect our actual results, please refer to the Risk Factors, Business, and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections in our annual reports on Form 10-K filed March 10, 2023, our Form 10-Q for the most recently ended fiscal quarter, our most recent press release and Form 8-K, and other filings we make from time to time with the Securities and Exchange Commission. We caution against reliance on these forward-looking statements made today and we disclaim any obligation to update or revise these statements except as may be required by law.

Also during this call, we will discuss non-GAAP financial measures. Reconciliations of these non-GAAP items to the most directly comparable GAAP financials are provided in today’s earnings release and SEC filings. These non-GAAP measures are not intended to be a substitute for GAAP results. Unless otherwise stated, we will refer to financials on a GAAP basis. Unless otherwise stated, all first quarter comparisons for fiscal 2023 are against the same period a year ago.

Please note that a supplemental slide deck that outlines a number of the company’s key operating metrics is available on the IR portion of our website.

Following our prepared remarks, Rick and Jeff will take your questions. Given the large number of those that would like to participate, I ask that you please limit your questions to one.

I will now turn the call over to Rick.