Consolidated net sales for full-year fiscal 2023 are now expected to range from $30.5 billion to $30.7 billion vs. the consensus of $30.85B. The Company expects to deliver a mid-single-digit comparable store net sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a low-single-digit increase in the Family Dollar segment. Selling square footage is expected to grow by 3.0% to 3.5% for the year. Diluted EPS is expected to range from $5.81 to $6.01 vs. the consensus of $5.96, including the $0.12 charge for the legal reserve taken in the first quarter and the impact of the 53rd week in fiscal 2023.
Fourth Quarter 2023 Outlook
The Company expects consolidated net sales for the fourth quarter will range from $8.6 billion to $8.8 billion vs. the consensus of $8.72B, based on a low-single-digit increase in same-store sales for the enterprise, a mid-single-digit increase for the Dollar Tree segment, and a decrease of 1.0% to an increase of 1.0% for the Family Dollar segment. Diluted EPS for the quarter is estimated to be in the range of $2.58 to $2.78 vs. the consensus of $2.57.
While share repurchases are not included in the outlook, the Company had $1.35 billion remaining under its share repurchase authorization as of October 28, 2023.
