Dollar Tree (DLTR) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and Dollar Tree published the results on August 27, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Dollar Tree reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Dollar Tree sold Family Dollar on July 5, 2025, and reports Family Dollar as discontinued operations. Revenue and EPS on this page are from continuing operations (the Dollar Tree U.S. and Dollar Tree Canada banners). Including discontinued operations, year-ago diluted EPS was $0.91.
• Q2 fiscal 2026 results include IEEPA tariff refunds of $383 million ($369 million in cost of sales and $14 million of interest). Dollar Tree puts the net benefit at $1.31 of diluted EPS and does not remove it from adjusted EPS.
• Since the first quarter of fiscal 2026 Dollar Tree reports one segment, and prior-year amounts were recast to match.

Source: Dollar Tree Q2 fiscal 2026 results, August 27, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How Dollar Tree splits revenue in its own release, under its own labels, for Q2 fiscal 2026 against Q2 fiscal 2025. Indented lines are parts of the line above them.

• Dollar Tree's Consumable revenue was $2.5 billion in Q2 fiscal 2026, up 9% from $2.3 billion in Q2 fiscal 2025, 52% of total revenue.
• Dollar Tree's Variety revenue was $2.3 billion in Q2 fiscal 2026, up 5% from $2.2 billion in Q2 fiscal 2025, 48% of total revenue.
• Dollar Tree's Seasonal revenue was $17.1 million in Q2 fiscal 2026, down 14% from $19.8 million in Q2 fiscal 2025, under 1% of total revenue.
• Dollar Tree's Other revenue revenue was $4.7 million in Q2 fiscal 2026, up 31% from $3.6 million in Q2 fiscal 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2026 release, Dollar Tree said:

“Third quarter diluted EPS is currently expected to be in the range of $0.80 to $0.95 including an approximate $0.50 impact related to tariff refund reinvestments”

“Net sales from continuing operations of $20.5 billion to $20.7 billion, based on comparable store net sales growth of 3% to 4%”

“Approximately 400 new store openings and 75 closings”

“Adjusted diluted EPS of $7.70 to $8.05 including an approximate $0.60 benefit related to the net impact of tariff refunds”

Source: Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026.

This is the company's own guidance as of Aug 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DLTR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and diluted EPS from continuing operations, each as first reported in that quarter's release. All five quarters exclude Family Dollar, which was sold on July 5, 2025.

Dollar Tree's next report is scheduled for November 24, 2026. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Aug 27, 2026

Dollar Tree's total revenue was $4,891.2 million in Q2 fiscal 2026, up from $4,570.4 million, and almost all of it was net sales of $4,886.5 million. Net sales rose 7.0%, which Dollar Tree attributed to a 3.7% comparable store net sales increase and $225.9 million of net sales at non-comparable stores. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026; Dollar Tree Form 10-Q, Q2 fiscal 2026, Aug 27, 2026)

Dollar Tree splits net sales into three merchandise categories. Consumable sales were $2,521.7 million (51.6% of net sales), Variety $2,347.7 million (48.0%) and Seasonal $17.1 million (0.4%). Consumables grew faster than Variety, rising from $2,311.0 million a year earlier against Variety's rise from $2,236.0 million. (Dollar Tree Form 10-Q, Q2 fiscal 2026, Aug 27, 2026)

Average ticket did most of the work: comparable store net sales growth was a 3.3% increase in average ticket and a 0.4% increase in customer traffic. Dollar Tree tied the higher ticket to targeted retail price changes made in the second and third quarters of fiscal 2025 and a higher mix of multi-price products. The 10-Q adds that global helium supply shortages hurt sales in the quarter. (Dollar Tree Form 10-Q, Q2 fiscal 2026, Aug 27, 2026)

Dollar Tree's base price point is $1.25, and 85% of products in the average store are priced at $2.00 or less. It is expanding a multi-price assortment above that: in the quarter it converted or added about 710 stores to the multi-price format, ending with approximately 6,600 multi-price stores out of 9,436. (Dollar Tree Form 10-K, fiscal 2025, Mar 16, 2026; Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

Directly imported merchandise is typically about 40% of Dollar Tree's total retail value purchases, and China is the source of a vast majority of those direct imports. Tariffs paid on those imports came back in the quarter as IEEPA tariff refunds of $383 million, including $369 million in cost of sales. (Dollar Tree Form 10-K, fiscal 2025, Mar 16, 2026; Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

Dollar Tree's diluted EPS from continuing operations was $2.70 in Q2 fiscal 2026, against $0.75 a year earlier, and its adjusted diluted EPS was also $2.70. The only adjustment in either period is strategic review costs tied to the Family Dollar sale, which added $0.02 to year-ago adjusted EPS of $0.77. Dollar Tree does not adjust out the tariff refunds, which it says contributed a $1.31 benefit to diluted EPS. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

The refunds mainly lifted gross margin, which rose 850 basis points to 42.9%, with 680 basis points related to the net impact of tariff refunds. Operating income margin was 14.1%, up 900 basis points, including a 650 basis point benefit. The effective tax rate was 25.0%, against 25.5% a year earlier. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

Buybacks cut the share count. Diluted weighted average shares were 190.9 million against 207.8 million a year earlier. Dollar Tree repurchased 5.6 million shares for $605 million in the quarter and had $2.5 billion left under its authorization at August 1, 2026. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Dollar Tree gives a quarterly and full-year outlook in its release. For Q3 fiscal 2026 it guided net sales from continuing operations of $5.0 to $5.1 billion on comparable store net sales growth of 3.0% to 4.0%, and diluted EPS of $0.80 to $0.95, including an approximate $0.50 impact related to tariff refund reinvestments. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

For fiscal 2026 Dollar Tree raised its adjusted diluted EPS outlook to $7.70 to $8.05, including an approximate $0.60 benefit related to the net impact of tariff refunds, on net sales of $20.5 billion to $20.7 billion. It plans approximately 400 new store openings and 75 closings. (Dollar Tree Q2 fiscal 2026 release, Aug 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Dollar Tree, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Dollar Tree's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DLTR is on is DLTR a buy or a sell?, what analysts expect next is on the DLTR forecast, and what the company does is on the Dollar Tree (DLTR) stock page.

Every number on this page can be traced to a document Dollar Tree published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.