- 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
Dollar Tree, Inc. 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. AMZN and a perceived slump in consumer spending, with both Costco Wholesale Corporation COST and Dollar General Corporation DG reporting strong results and Dollar General similarly raising guidance.
Dollar Tree shares traded at $85.50, up 9 percent.
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