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Dollar Tree Trades Lower Following Q1 Earnings

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Dollar Tree Trades Lower Following Q1 Earnings

Dollar Tree, Inc. (NASDAQ: 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.

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Photo by M.O. Stevens/Wikimedia. 

Posted-In: Earnings News Guidance Retail Sales Best of Benzinga

 

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