Dollar Tree Earnings: Here’s Why Investors Like These Results
Dollar Tree, Inc. (NASDAQ:DLTR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.31%.
Dollar Tree, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.25% to $1.01 in the quarter versus EPS of $0.80 in the year-earlier quarter.
Revenue: Rose 15.39% to $2.25 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dollar Tree, Inc. reported adjusted EPS income of $1.01 per share. By that measure, the company beat the mean analyst estimate of $0.99. It beat the average revenue estimate of $2.23 billion.
Quoting Management: “I am pleased with the growth of Dollar Tree’s sales and earnings in the fourth quarter and for the year of 2012,” said President and CEO Bob Sasser. “On top of a very strong fourth quarter performance in 2011, average basket size increased and customers responded this year in record numbers. These results were achieved through the efforts of thousands of Dollar Tree associates across North America, working every day to provide a unique assortment of merchandise at great values in stores that are clean, bright, and fun to shop.”
Key Stats (on next page)…