Dollar Tree Q2 FY2026: sales up 7.0%, EPS $2.70 on tariff-refund boost
Dollar Tree's fiscal 2026 second quarter looks like a blowout: sales up 7.0% to $4.89 billion and earnings per share of $2.70 against $0.91 a year ago. Read the fine print, though — $1.31 of that EPS came from tariff refunds, not from selling more merchandise. The underlying quarter was solid, but the headline numbers flatter it.
1 · Expected vs. Actual
Free preview belowDiluted EPS was $2.70 versus $0.91 a year ago, and operating income margin jumped to 14.1% from 5.1%. But $1.31 of that EPS and 650 basis points of that margin came from the net impact of tariff refunds. The company's "adjusted" EPS is also $2.70, meaning the non-GAAP figure leaves the refund in.
Net sales rose 7.0% to $4.89 billion, and comparable store sales rose 3.7% on top of 6.5% last year. The comp came from both sides: average ticket up 3.3% and traffic up 0.4%. Ticket is still doing nearly all of the work.
Full-year adjusted EPS guidance was raised to $7.70 to $8.05, including an approximate $0.60 tariff-refund benefit, on net sales of $20.5 billion to $20.7 billion. For the third quarter, management points to $5.0 billion to $5.1 billion of sales and EPS of $0.80 to $0.95, including an approximate $0.50 drag from tariff-refund reinvestment. The $5.05 billion third-quarter sales midpoint sits slightly below the $5.14 billion consensus figure.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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