Dollar Tree, Inc. DLTR reported quarterly earnings of $1.14 per share, in line with analysts estimates and a decrease from earnings of $1.19 per share from the same period last year.
First-quarter sales were at $5.809 billion, which beat the analyst consensus estimate of $5.79 billion. This is a 4.59 percent increase over sales of $5.554 billion the same period last year.
First-quarter comparable store sales were up 2.5 percent year over year; Family Dollar comparable store sales were up 1.9 percent.
The company sees second-quarter EPS 64 cents-73 cents and sales of $5.66 billion-$5.76 billion, the lower end of the analysts range.
Dollar Tree's stock is trading down 2.3 percent at $93.05 per share Thursday morning. The stock closed Wednesday down 2 percent.
Related Links:
Dollar General Shares Rise On Q1 Earnings Beat
Stubbornly Strong Dollar Could Remain That Way
Photo by M.O. Stevens/Wikimedia.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.