Dollar Tree: A Vision Emerges

An update on the company's 1H FY21 results

At the end of August, Dollar Tree (DLTR) reported results for the second quarter of fiscal 2021. Before digging in, let’s revisit the conclusion from the DLTR deep dive that I published back in June (“One Buck At A Time”).  

“At $102 per share, I think DLTR trades at a reasonable valuation (on my model, <12x 2025e earnings). As shown below, this assumes …