USA: Remarkable H1 2020 results Dollar Tree Inc.
Discount Retail Chain Dollar Tree, Inc., a Fortune 200 company, is a leading operator of discount variety stores that has served North America for more than 30 years. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. The Company is headquartered in Chesapeake, Virginia and operates 15,479 stores across the 48 contiguous states and 5 Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada.
H1 consolidated results:
Net sales $12.56 billion (+8.8% YOY, +7.1% LFL)
Gross profit $3.71 billion (+9.9% YOY)
Gross margin 29.5% (+0.03% YOY)
Operating income $740.8 million (+13.2% YOY)
Operating income margin 5.9% (+0.02% YOY)
“Our store and distribution center teams have done a remarkable job of serving customers through an incredibly dynamic time in retail. Their continual efforts to ensure we are providing a clean, safe shopping experience, along with the great value and convenience our stores offer, contributed to our solid operating performance for the quarter,” stated Mike Witynski, President and Chief Executive Officer.