Dollar Tree Inc
Q1 2022 Earnings Call
May 26, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Please stand by. We're about to begin. Good day, everyone. Welcome to the Dollar Tree, Inc.
first quarter 2022 earnings call. Today's conference is being recorded. At this time, I'd like to turn the call over to Mr. Randy Guiler, vice president, investor relations.
Please go ahead, sir.
Randy Guiler -- Vice President, Investor Relations
Thank you, Alan. Good morning, and welcome to our call to discuss results for Dollar Tree's first fiscal quarter 2022. With me on today's call are executive chairman, Rick Dreiling; president and CEO, Mike Witynski; and CFO, Kevin Wampler. Before we begin, I would like to remind everyone that various remarks that we will make about our 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.
These statements are subject to risks and uncertainties, and our actual results may differ materially from those indicated in 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 report filed March 15, 2022, our Form 10-Q for the most recently ended fiscal quarter, our most recent press release and 8-K and other filings we make from time to time with the Securities and Exchange Commission. We caution against reliance on the forward-looking statements made today, and we disclaim any obligation to update or revise these statements, except as required by law. Following our prepared remarks, Mike and Kevin will take your questions.
Please limit your questions to one and one related follow up. And before I turn the call over to Rick, I want to make one quick clarification to our earnings release as I've received a few questions this morning. Our original fiscal 2022 EPS outlook of $7.60 to $8 per share did not include the $0.43 per share of cost outlined in today's earnings release. $0.13 of the $0.43 per share was incurred in Q1 and reduced our Q1 earnings.
Our updated outlook for EPS of $7.80 to $8.20 per share does include the $0.43 per share of cost. And I'll now turn the call over to Rick.