Dollar Tree (DLTR) Revenue — Quarter Ended May 4, 2024
Revenue for the quarter declined compared to the immediately preceding period, but increased relative to the same quarter last year. The sequential drop contrasts with the year-over-year gain, highlighting a mixed near-term performance.
Key takeaway
Quarter ended May 4, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding period, but increased relative to the same quarter last year. The sequential drop contrasts with the year-over-year gain, highlighting a mixed near-term performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-16.0%
Change from the immediately preceding quarter.
Year-over-year
+5.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 29, 2023 | $10.7B | +58.3% |
| Oct 28, 2023 | $7.3B | +5.4% |
| Feb 3, 2024 | $5B | +195.5% |
| May 4, 2024 | $4.2B | +5.9% |
Revenue performance
Reported revenue fell from the prior quarter, marking a decrease in the sequential trend. The decline represents a reversal from the growth seen in the previous quarter.
Quarterly comparison
Against the same quarter one year earlier, revenue was higher, indicating a year-over-year expansion. The sequential decline, however, shows a different short-term trajectory compared to the prior quarter's performance.
What to watch
The sequential revenue drop warrants attention, particularly if the year-over-year growth rate continues to narrow.