By Thomas Paulson, Head of Market Insights Dollar Tree reported an improvement in its comp-store sales trend due to an improvement in its discretionary business (as did Dollar General, Walmart, and Target). The discretionary comp increased by +0.4%, the first positive number of the year; moreover, its 2- and 3-year trend also improved. The earnings release quotes CEO Mike Creedon saying, “2024 [finished] on a high note with strong execution at Dollar Tree as growing customer acceptance of our expanded assortment drove sales momentum.

By Thomas Paulson, Head of Market Insights Dollar General reported $10.2B revenue for Q4, up +5.0% YoY, and above our +3.9% estimate* (120bps Moe, 97% correlation). Comp-sales increased +1.2% driven by consumables (+2.7%). The non-consumables comp was roughly flat, the best result since early 2021. Additionally, comp-tickets increased +2.3% and comp-transactions decreased -1.1%. Advan shows traffic per average store declining -0.4%. The earnings release quotes CEO Todd Vasos saying, “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.