Dollar Tree Down 4.6% on Weak Guidance

Dollar Tree

is trading higher on the session following its Q1 earnings announcement. The company reported an EPS of $1.00 vs $0.97 estimates and revenues of $1.72 billion vs $1.70 billion estimates. Dollar Tree also announces it sees FY EPS $4.74-$4.94 vs $4.94 estimates and Q2 EPS of $0.87-0.93 vs $0.95 estimates. President and CEO Bob Sasser stated: I am pleased with the first quarter results as both sales and earnings exceeded the high end of our guidance. The top performing categories for the quarter included Home products; Food, snacks and beverage; Health care products; Party supplies; Household cleaning supplies; and Seasonal merchandise. Inventory turns increased in the first quarter and we entered the second quarter in stock and well prepared, with our shelves full of the right product for our customers.” Dollar Tree is currently trading at $96.60, a loss of $4.70 or 4.64%.