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August 25 , 2022 ** DOLLAR TREE . Dollar Tree , Inc. Reports Results for the Second Quarter Fiscal 2022 - - Diluted Earnings per Share Increased 30.1 % to a Second Quarter Company Record of $ 1.60 ~ ~ Same - Store Sales : Dollar Tree + 7.5 % ; Family Dollar + 2.0 % ; Enterprise + 4.9 % ~ - Consolidated Net Sales Increased 6.7 % to $ 6.77 Billion - ~ Operating Income Margin Improved 120 Basis Points to 7.5 % ~ Company Narrows Fiscal 2022 Revenue Outlook to $ 27.85 Billion to $ 28.10 Billion ~ ~ Substantial Acceleration of Family Dollar Investments Will EnhanceLong - Term Sustainable Growth and Profitability ~ - ~ Company Updates Fiscal 2022 Earnings per Share Outlook to $ 7.10 to $ 7.40 ~ CHESAPEAKE , Va .-- ( BUSINESS WIRE ) -- Dollar Tree , Inc. ( NASDAQ : DLTR ) today reported financial results for its second quarter ended July 30 , 2022 . " Our second quarter performance reinforces the relevance of our brands for millions of households pressured by higher costs for food , fuel , rent and more . We delivered increases of 6.7 % in sales , 14.2 % in gross profit , 25.7 % in operating profit and 30.1 % in EPS in the face of great macroeconomic uncertainty , " stated Mike Witynski , President and Chief Executive Officer . “ We remain keenly focused on our associates , our DC network and supply chain , our value proposition and our technology . We are improving the shopper experience and positioning the Company to deliver long - term profitable growth and attractive returns on capital . " Second Quarter Results Consolidated net sales increased 6.7 % to $ 6.77 billion from $ 6.34 billion in the prior year's second quarter . Enterprise same - store sales increased 4.9 % on a constant currency basis ( or 4.8 % when adjusted to include the impact of Canadian currency fluctuations ) . Comparable store net sales for Dollar Tree increased 7.5 % ( or 7.4 % when adjusted for currency fluctuations ) . Family Dollar same - store sales increased 2.0 % . Gross profit increased 14.2 % to $ 2.12 billion from $ 1.86 billion in the prior year's second quarter . Gross margin improved 200 basis points to 31.4 % , compared to 29.4 % in the prior year's quarter . This improvement was driven by improved initial mark - on and leverage on distribution and occupancy costs , partially offset by higher freight costs , unfavorable product mix related to a material shift toward lower - margin consumable products , markdowns , and shrink . Selling , general and administrative expenses were 24.0 % of total revenue , compared to 23.0 % of total revenue in the prior year's second quarter . The increase was primarily due to higher costs related to repairs and maintenance , store payroll , stock compensation expense , general liability insurance , utilities and other inflationary pressures .