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- EPS $0.89 vs $0.81 Est, up 25.4 percent YoY (excluding “one-time” tax benefits in this quarter and in the prior year quarter)
- Sales $5.09B vs $5.1B Est, up 134 percent YoY
- Including one-time tax benefit, EPS $0.98
- Comps rose 2.3 percent
- FY 2016 Outlook Raised
What This Means For Dollar Tree
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Dollar Tree, Inc. (NASDAQ: DLTR) credits its solid results to increased store traffic and increased average sales per transaction. The earnings outlook was raised to $3.58-$3.80 per share from $3.35-$3.65 per share, with the street estimating $3.67. Sales guidance was upped to $20.79-$21.08B from $20.76-$21.11B, while the consensus analyst estimate was $21B.
What This Means For Investors
Dollar Tree continues a trend of discount retailers finding themselves immune to the effect of Amazon.com, Inc. (NASDAQ: AMZN) and a perceived slump in consumer spending, with both Costco Wholesale Corporation (NASDAQ: COST) and Dollar General Corporation (NYSE: DG) reporting strong results and Dollar General similarly raising guidance.
Dollar Tree shares traded at $85.50, up 9 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.