On May 28, Dollar Tree rose 12.09% in regular trading, trading at $109.29/share, with trading volume of $202 million. The surge was driven by the company reporting fiscal Q1 results that significantly exceeded Wall Street expectations, while simultaneously raising full-year earnings guidance and announcing a strategic partnership with DoorDash.

For the quarter ended May 2, Dollar Tree reported adjusted EPS of $1.74, up 38% year-over-year from $1.26, handily beating the analyst consensus estimate of $1.53-$1.55. Revenue came in at $4.98 billion, up 7.2% year-over-year and slightly above the $4.96 billion expected. Comparable store net sales grew 3.5%, driven by a 4.5% increase in average ticket size. Operating margin expanded 120 basis points, supported by improved gross margins and lower freight and shrink costs.

The company raised its full-year adjusted EPS guidance to $6.70-$7.10, up from the prior range of $6.50-$6.90 and above the FactSet consensus of $6.67. Additionally, Dollar Tree announced a partnership with DoorDash to offer on-demand delivery from over 9,000 stores across 48 states, featuring more than 10,000 products, signaling the company's strategic push toward becoming an everyday shopping destination.

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