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Our customers are buying these products and sales of our multi-price items continue to grow. It's just that we didn't show you all the backdrop of the early testing. When factoring in bonuses and additional compensation, a Cashier at Dollar Tree can expect to make an average total pay of $9 . I would tell you, a good call out for our operators and our asset protection team. Target Corporation TGT currently has a long-term expected earnings growth rate of 7.2% and a Zacks Rank #2. So our facility costs decreased 15 basis points, primarily due to leverage of the stronger same-store sales and lower electricity costs. When we have our Crafter's Square, we tested it in three or four stores, then we put it out into 800 stores and then rolled it out. That concludes today's question-and-answer session. Yeah, hi. So, quarter-to-date, we are seeing some of the stack up right now. And if I could ask a follow-up on the H2 stores, you talked about your plans for the multi-price expansion on the Dollar Tree side. We would like to wish best wishes to all of you for a happy and safe holiday season. It sounds like you're excited. Friendly staff and customers most of the time. Good morning and welcome to our call to discuss Dollar Tree's performance for the third quarter. Thanks for the question. Dollar Tree (DLTR) Rises as Q3 Earnings & Sales Top Estimates. Overall, the Fall Harvest and Halloween seasonal categories delivered a combined 9.4% comp for the quarter. Our Dollar Tree segment delivered its strongest same-store sales performance in the past 10 quarters with a 4% increase. Enterprise same-store sales increased 5.1% on a segment basis, comps for Family Dollar increased 6.4% and for Dollar Tree increased 4%. [Operator Instructions] We'll take our next question from Michael Montani with Evercore. My heart goes out to every family that has been impacted to some degree by the coronavirus. So, I mean, so the obvious one, if it impacts -- if we had adverse implications to comp store sales in the stores and/or margin dollars, and it's not accretive to the business. assortment at this point? These benefits were partially offset by payroll expenses, which increased approximately 35 basis points, driven by COVID-19 cost of $11.4 million or 40 basis points from premium paying bonuses and increased incentive compensation based on performance. And we're going to do our due diligence and roll this out and test. The ticket and traffic trends are relatively balanced throughout the quarter. Thank you. This is an example of harnessing the power of two brands by bringing Dollar Tree and Family Dollar together. So it's a good opportunity as we continue to build out that assortment. The company expects to incur capital expenditure of about $1 billion for fiscal 2020. But there are probably six to seven states already on their path to that $15 an hour minimum wage that they've announced several years ago, and they're on their path to that. So that's the only reason we're doing that. Maybe give us a little bit of sense on what you guys are playing out with there? The consumable side of the business delivered another positive quarterly comp at 4.1% and discretionary comp was strong at 14.6%. Family Dollar Stores Inc pays its employees an average of $10.55 an hour. We're going to have the right assortment. It is still very early, but I am encouraged by our start to the current quarter. When the first COVID wave hit in March, we took action to derisk the Halloween season and actually saw the best sell-through in company history. Just building up on that last question on omni-channel. We'll take our next question from Matthew Boss with JPMorgan. Net interest expense is expected to be approximately $37 million in Q4 and $151 million for fiscal 2020. That's helpful. Notably, this was the strongest comps performance in the past ten quarters for the Dollar Tree segment. So we want to make sure it's the right thing and it's adding value to our customers and to our company as well. Quarterly gross profit improved 12.9% year over year to $1,924.4 million, while gross margin expanded 150 bps to 31.2%. Dollar Tree Inc (NASDAQ:DLTR)Q3 2020 Earnings CallNov 24, 2020, 9:00 a.m. Hi. In third-quarter fiscal 2020, the company repaid the remaining $500 million on its revolving credit facility. Why is 500 stores the right number? And then, as a follow-up on the Family Dollar side, what have you seen from new customers relative to spending from existing customers more recently in the improved performance? Our sales continue to be delivered by average ticket, which increased 19% as consumers continue to consolidate trips. In an environment where individuals are concerned about their health and exposure, about their income and jobs and about not knowing what is next, I firmly believe that Dollar Tree and Family Dollar are part of the solution. So shrink may not be as big a help. Stock Advisor launched in February of 2002. And as I've stated before, it's been front and center on many people's desks. So we actually saw a little bit there. In my opinion, I see it similar to the Dollar Tree, low single-digit continued growth year after year in comp store sales growth. I'll answer the first, the consumable. The rise in distribution costs included $11.4 million of pandemic-related payroll costs. Thanks, Mike, and good morning. Do you have a target at this point for how many H2 renovations you'll do next year? At between 8.32 and $8.65 an hour, entry-level Dollar Tree workers are making, on average, a dollar or so above the federal minimum wage. Regarding the new customers, what we're seeing is just overall, it's very similar to new and old as I shared in the prepared remarks that when the customers are coming into the store, they are shopping with intent. Our customers really like the layout and the offering and the assortment. During the quarter, we launched the ability to sell product directly on our website at, providing customers another way to access great values. Dollar Tree Hourly Pay Rate. Categories performing well are many of the discretionary categories that we have been focused on improving, including home decor, household products, toys, electronics and apparel. Depreciation and amortization totaled $170.1 million for Q3 compared to $160 million in the third quarter last year. Dollar Tree is a popular American discount retail store chain. You outlined the diligent and disciplined process that you typically go through when you're rolling out initiatives from pilot to test to full rollout. Inventory for Family Dollar at quarter end decreased 2.9% from the same period last year, while selling square footage increased 1.1%. And for fiscal 2020, we continue to expect consolidated capital expenditures to be approximately $1 billion. Then I have a follow-up. Yeah, that's a great question. You can quickly filter today's Dollar Tree promo codes in order to find exclusive or verified offers. Factors impacting the segment's gross margin performance included merchandise costs, including freight, improved by approximately 95 basis points. And I know we've talked in the past about the return to 35% to 36% gross margin. Consolidated selling, general and administrative expenses, increased 20 basis points to 23.7% of net sales compared to 23.5% in Q3 a year ago. So I think that's important at the end of the day. So it's going to be a continued focus, just like we talked about early this year. This fall, we modified our assortments away from the traditional cold and allergy and to more focus on health products, vitamins and face coverings. I would say, we really like the basket size. Like us on Facebook to see similar stories, Wisconsin missing Moderna vaccine: Police arrest former pharmacist, Mike Pence asks judge to toss Gohmert's lawsuit that seeks to overturn election results. Ross Stores, Inc. ROST, with a Zacks Rank #2, has a long-term expected earnings growth rate of 10%. And that really speaks to obviously things like Halloween, Mike spoke to, had a great sell-through; speaks to Crafter's Square, which has just been a dynamic element in our stores. Our 15,000 plus stores are close to home and easy to shop, providing great convenience and we offer a broad assortment of tremendous values to meet both needs and wants. It can be a bigger part of the overall business and it needs to be part of our overall business, a bigger part as we go forward. Thank you very much and have a good holiday. Yeah. Gross profit margin for the Family Dollar segment improved 230 basis points to 26.8% in the third quarter. We're all looking forward to 2021. Let's see if Dollar Tree (DLTR) stock is a good choice for value-oriented investors right now from multiple angles. You mentioned something about doing it in stores that are close to the DCs, I think. Show full articles without "Continue Reading" button for {0} hours. Comps growth was backed by a 6.4% improvement in Family Dollar stores and a 4% rise in Dollar Tree. Gross margin improved 150 basis points to 31.2% compared to 29.7% in Q3 of 2019. Operating income advanced 29.9% to $465.5 million, while operating margin expanded 130 bps to 7.5%. I guess, how are you thinking about some of the puts and takes at a high level at this point for next year? Customers are continuing to shop early to celebrate events and holidays. Well, I think, the number one thing that we can see is the sales are up over the program when it was consumable. But in general, Q4 does tend to be a higher discretionary period for Dollar Tree in particular. Okay. Thank you. Hey, guys. Merchandise costs, including freight, improved 60 basis points, primarily due to a balanced improvement in merchandise mix and mark-on. Have you gotten to a point like this where you expanded the test and then subsequently have had to roll back the test? We never went forward with, but no, not to this level. We want to make sure it's right and aligned. And especially after this year, as you've seen by others and how the customer is really moving into the omni-channel and using that. Our gross margin return on investment or generally [Phonetic] at Family Dollar is the highest it has been since we have owned the business. And again, nothing there is no barrier stopping us. I mean, those are our three levers that we can pull. Thanks, Kevin. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Do I expect it to be a benefit? Shelby. And I think it had people sort of thinking like maybe this is not something that would make sense. You look at -- if you can bring in technology and self scanning to help leverage some of your resources that way. I would tell you, we are not where we need to be overall yet. Family Dollar sales highlights for the third quarter included the 6.4% same-store sales increase was on top of the 2.3% comp in Q3 a year ago. There is a lot of talk about raising the federal minimum wage threshold. And it also takes our buyers' times to go -- these are import items and we actually manufacture and create these items to be a great value and a wild factor at the $3 and $5 price points. And we've even learned a lot from our process by shifting a lot from consumables into the discretionary items that the customer really wants that we can bring great value in. And it also gives us enough stores to really see how it continues to grow and improve and how our customers respond. So there was so much noise around other stores and/or themselves that is really hard for us to determine the lift that was associated specifically to these products. It also completed the renovation of 371 Family Dollar stores to the H2 format. Occupancy costs decreased approximately 20 basis points due to leverage on the comp sales increase in the quarter. We have less markdowns. I know you guys have made a really concerted effort to improve your discretionary mix. Brad Thomas -- KeyBanc Capital Markets -- Analyst. This includes the continued ramp-up for the two new distribution centers as well as approximately $6.6 million or 20 basis points of COVID-related expenses, primarily premium pay and bonuses. And I guess, my follow-up is a little bit long-term, as we sort of think about 2021 and beyond. So, we think that they're responding favorably because the products that we are buying are selling through at the rate we expect and it's continuing to grow. In fact, we are seeing that when multi-price items are included in the basket, the average transaction value is approximately twice the size. Yeah, that's a good question because we think about that a lot. When one of these items are in the basket, it is twice the basket size when they're not in there. Our 12.6% transaction count decline was a 300-basis-point plus improvement when compared to 15.9% drop that we saw just a quarter ago. Our merchant teams are harmonized to act with clarity, focus and speed. At these rates, 40 hours per week at 50 weeks per year, one worker would be making between $16,640 and $17,300 annually. Well, I think, the first answer is that we're organizing around the strategy. The company currently plans to renovate about 1,250 Family Dollar stores in fiscal 2021. Generally, as you go into Q4, I would tell you, where I do expect gross profit to improve year-over-year, but not at the same rate as on a consolidated basis as it did in Q3 just based upon some of the things that we won't necessarily repeat, which we've talked about today. We are three quarters into 2020 with an operating margin of 5.1% compared to 2% three quarters into 2019. As it relates to flow-through, it was a very good month or a very good quarter, I should say, in regards to flow-through. So, we -- the inventory levels are improving from April, but they are still not caught up with the demand. offering to nearly 500 stores, starting spring 2021. Okay. Good morning, guys. Two really good questions. These enterprise results were comprised of 5.1% same-store sales increase, a 150-basis-point improvement in gross profit margin and a 30-basis-point increase in operating profit margin. In Q3, discretionary as a percent of our net sales at Family Dollar increased 140 basis points to 21.5% of sales. Results may differ materially from those indicated by these forward-looking statements due to various factors included in our press release, 8-K, 10-Q and Annual Report, which are on file with the SEC. Thanks for the questions, Peter. We can tell that the sales are growing compared to when the sales of the consumable items. We are able to be a convenient shopping trip to meet the needs of those staying at home, eating at home, working at home and/or learning at home. Dollar Tree, Inc. price-consensus-eps-surprise-chart | Dollar Tree, Inc. Quote. I think, the other thing, Brad, is obviously as Mike laid out early this year, focus on discretionary business in the Family Dollar store. Comparing 7.5% year on year Revenue growth in the third quarter 2020, Dollar Tree Inc outperformed the 5.43% growth in Department & Discount Retail industry, but Dollar Tree Inc 's growth compares unfavorably, to the 9.4% Revenue growth in the Retail sector. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. We'll take our next question from Scot Ciccarelli with RBC Capital Markets. So, obviously as we went through the quarter, mix was an important component of driving the improved merchandise margin and freight. Dollar Tree saw an improvement in merchandise mix and lower freight costs as a percentage of sales, partially offset by reduced markup. Average Dollar Tree hourly pay ranges from approximately $7.91 per hour for Cashier/Clerk to $18.51 per hour for Maintenance Technician. For the third quarter, the SG&A rate for the Dollar Tree segment as a percentage of net sales increased to 22.2% compared to 22% in Q3 of 2019. Hey, Scot. Why?..we would like to make packages on online marketplaces to sell. ' Thanks. We will continue to provide post quarter updates on share repurchase activity. I am an online seller and would like to know if you can find a way to look at maybe 77 receipts data where consumers bought 432 product rows. That, in turn, is a range hovering right around the $16,910 dollar-mark that the federal government considers as the poverty … And then, it's notable that you have a team that's now focused on this product internally. I'll now turn the call back over to Mike. Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. I think, we will keep going after driving that basket size and when they're in our stores drive it with intent. Our merchants continue to hit a home run on identifying and sourcing great products that customers love at the Dollar price point. Is there any impediment to getting there potentially next year at the Dollar Tree banner? The expansion was mainly a result of lower merchandise costs, including freight, leverage on occupancy costs due to robust comps, lower markdowns and better shrink, partly negated by higher distribution costs. So a lot of things like that have done very well. And what we do like to see is, they're shopping the entire store in the discretionary side that we are working so hard on to fill that basket. Any more detail in terms of what you've seen from a sales lift or a margin impact in the stores where the product is currently? It carries a Zacks Rank #2 (Buy) at present. At quarter end, we had $600 million remaining in our share repurchase authorization. We did see sequential improvement in consumables throughout the quarter as inventory flow of high demand products improved. I think, obviously we expect some improvement. For the quarter, discretionary delivered a positive 10.2% comp and consumables were down approximately 2.6%. And my follow-up question, Mike, is on framing the Family Dollar consumable business, which increased in the 4% range in the most recent quarter. Our strong balance sheet provides us the flexibility to grow the business and create shareholder value. Non-operating expenses totaled $38.2 million comprised primarily of net interest expense. It's also selling at a much higher margin because it's discretionary product and we're able to manufacture these products and bring value to the customer. Stores operate under the brands of Dollar Tree, Family Dollar Okay. Our merchants have worked really hard at providing a much better value at sharper price points. So we just have to continue to build the business as we always have. Other selling, general and administrative expenses decreased approximately 5 basis points, primarily from lower travel and legal costs. Canada exceeded its plan of sales, gross margin and operating income delivering low double-digit comps in both consumables and discretionary, including very strong seasonal sales on Fall Harvest and Halloween. Posted on July 31, 2019 by Darmawan . Randy Guiler -- Vice President, Investor Relations. So, people -- as we've talked about, seasonal, in particular, has been good as people try to stay somewhat normal of what's been an unusual period of time, decorate their homes or supplement their soft home and our Family Dollar stores has done well. how best to think about puts and takes in modeling fourth quarter gross margin at Dollar Tree? Please limit your questions to one and one related follow-up question. So the flow-through probably won't be quite the same on total gross profit. If you choose to have your order shipped via UPS Ground, the $4.95 flat rate will be applied automatically to your order, however certain restrictions apply. Dollar tree job lication ly dollar tree s inc hourly pay dollartree dollar s raise pay during dollartree Dollar Tree S Inc Hourly Pay PayscaleDollar Tree S Inc Hourly Pay PayscaleDollar Tree S Inc Hourly Pay PayscaleDollar Tree S Inc […] New Dollar Wallpaper HD Noeimage.Org. At this time, I would like to turn the conference over to Mr. Randy Guiler, VP, Investor Relations. You've also talked about introducing delivery at Family Dollar. And you mentioned maybe some -- like shopping earlier, is there any signs of pull forward of holiday spending? I do not have that right now with me. If we compare that to a lot of the results from the other consumable retailers, it was a bit slower and perhaps suggests that the Family Dollar's market share in those categories was lagging behind others. And I think the discretionary side is very strong right now. We also made strategic buys on paper, soaps and sanitizers to get ahead of the curve as COVID cases were expected to pickup in the second wave. Menu. We ended the quarter with 15,606 stores. We do expect 1,250 additional H2s in 2021 to continue that process forward. We've got a new leader there, who's got great experience and we will accelerate our capabilities. Dollar Tree Application Online & PDF 2020. While we are not providing sales and EPS guidance, I do want to provide a few data points for your modeling. We believe this is directly related to shopper mobility, many people are working from home, learning from home, are simply not going out as often. We continue to like the results we are seeing with the Dollar Tree Plus! At this time, I will turn the conference back over to Randy Guiler for closing remarks. Actions taken in 2019, including the consolidation of store support centers and the alignment of organizational leadership under one team are paying off. Weighted average diluted share counts are assumed to be 236.3 million shares for Q4 and 237.5 million shares for the full year. We've got certainly a lot of tests out there. We're going to sharpen our price points to be competitive in the marketplace. We are just over three weeks into our important fourth quarter and we are off to a very good start with same-store sales at both banners currently tracking above reported third quarter levels. We will continue to develop new strategic store formats, so we are able to better serve our customers while improving store productivity, margins and returns. We do see they're buying earlier and decorating their homes. Our inventory levels improved in Q3 and we continue to be more productive with lower inventory, significantly increasing our inventory turns. The current year quarter included approximately $4.3 million or 15 basis points of COVID-related expenses, primarily premium pay and bonuses. Is there any stocking up going on at the Family Dollar banner? What 20 of the largest retailers in america pay employees essential workers are getting meaningless rewards from employers vox 20 best dollar tree things to 5 items avoid hip2save this is how much dollar tree employees really make 20 best dollar tree things to 5 items avoid hip2save Welcome to our Dollar Tree coupons page, explore the latest verified discounts and promos for December 2020. We'll take our next question from Edward Kelly with Wells Fargo. We have seen some of that increase that you just spoke to in the rates. And then rolled it out to a certain amount of stores and then began our process. Do you see it similar? New Dollar Wallpaper HD. I think -- way to think of it. So we're looking for a size of stores right now during the test. And we're going to keep doing the same thing as we are on the discretionary side. And can you continue to see some benefit there? This was comprised of a 21.3% increase in average ticket, partially offset by a 12.3% decline in transaction count. (RTTNews) - Dollar Tree, Inc. (DLTR) announced the company is rewarding its hourly-paid store and distribution center associates with wage premiums effective March 8, 2020… Store facility costs improved approximately 20 basis points, primarily from leverage on comp sales and lower electricity costs and depreciation improved 10 basis points, primarily from leverage on comp sales increase. Great. We want formats that utilize the best of both brands to serve customers in all types of geographic markets. Hey. A webcast of the call is accessible through Dollar Tree's website and will remain online through Wednesday, September 2, 2020. So, yes, we're still chasing a little bit of that. Good morning. And there's still some upside capacity there. Net interest expense is expected to be approximately $37 million in Q4 and $151 million for fiscal 2020. It gets us on track to basically, if we continue this type of trend where we would be able to be in that 35% to 36% range. Just any incremental color there? Regarding Dollar Tree Plus!, while I know it seems like it takes long, but this is really -- it's similar to other tests that we have. Customers are noticing and they are responding. Driven the robust third-quarter fiscal 2020 performance, its shares gained 7.6% in the pre-market session. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. A select few stocks could skyrocket the most as rollout accelerates for this new tech. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. So it's hard to see what this is doing. I don't think there is going to be a light switch that's going to turn on and all of a sudden, they'll go back to their old shopping patterns and activity. Michael A. Witynski -- President and Chief Executive Officer. And we saw obviously help on the mix, in particular, from both gross profit. Our next earnings conference call to discuss Q4 and full year results is tentatively scheduled for Wednesday, March 3, 2021. 2020 has proven to be the most unpredictable and unique year in my 40 years in retail. Occupancy costs decreased approximately 60 basis points as a result of leverage from the comp sales increase and markdown expense improved approximately 40 basis points due to lower promotional activity and improved sell-through of seasonal merchandise and apparel. Thanks for taking the question. In all, 27 workers and five customers were injured during violent robberies at Dollar General stores across the country from January 2019 to January 2020… Dollar Tree, Inc. DLTR has reported robust third-quarter fiscal 2020 results, wherein earnings and sales have surpassed the Zacks Consensus Estimate and improved year over year. Good morning, everyone. So that tells us that we can sell seasonal. Our actions represent a transformational opportunity to leverage the power of both of our brands through flexible store formats designed to drive operational results and enhance shareholder value. Dollar Tree (DLTR) announces plans to appoint 25,000 workers at its namesake and Family Dollar stores and distribution centers in the United States. And similarly on gross margin, freight has a nice tailwind for Q3, but we have seen freight rates jump rather dramatically. What percent of the fleet are large enough to handle that Dollar Tree Plus! So we believe that we can build that business going forward. The company was founded in 1986 in Norfolk, Virginia. And it's hard for me to -- it would be a different number by state and geography. The team has undergone a significant amount of work to get us to this stage with one consolidated store support center, a strong balance sheet and an aligned, energized and focused leadership team and a full staff of talented retailers. And then, I just had a follow-up on Dollar Tree Plus!. And so, it's definitely part of it. Scott Ciccarelli. Remarks that we will make today about future expectations, plans and prospects for the company represent forward-looking statements for the purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Those are things we think we can provide on a regular basis. We think it's critical. Freestanding locations are typically located in a strong retail corridor with street presence, easy ingress/egress, and ample parking. Many vendors are willing to work with us to support both the Dollar price points as well as price points above the Dollar. Zacks’ just-released special report reveals 8 stocks to watch. Good morning everyone. Just want to make sure I understood that and whether the Dollar Tree Plus! On our March call, I discussed the challenge and opportunity to enhance the discretionary performance at Family Dollar through improved product assortment, sharper price points and greater values. We like the results. Kevin S. Wampler -- Chief Financial Officer. I mean, that's what we're really looking for is that it's -- this program has to be accretive to sales margin and operating income. How much does Dollar Tree in the United States pay? We've got some momentum. We'll take our next question from Brad Thomas with KeyBanc Capital Markets. 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Quarter-To-Date acceleration at both Family Dollar stores and a Zacks Rank # 2, 2020 be able to into! For your question on the consumable items at 14.6 % took the same period last year, while gross,! Dollar and Dollar Tree Canada opened two new stores, expanded or 34. One related follow-up question amortization totaled $ 170.1 million for Q3 compared to 19.3 % in prior. Chief operating Officer, Neil Curran, and his team are paying off to sharpen our price points well. Partially offset by reduced markup at 4.1 % and a 4 % in. Holiday spending businesses both at Dollar Tree stores % to $ 3,792.3.. The remaining $ 500 million on its revolving line of credit during the test Operator Instructions ] 'll!

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