Dollar Tree Earnings: Here’s Why Shares are Down Now
Dollar Tree, Inc. (NASDAQ:DLTR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.08%.
Dollar Tree, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.8% to $0.56 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 8.82% to $1.86 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dollar Tree, Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company missed the mean analyst estimate of $0.57. It missed the average revenue estimate of $1.86 billion.
Quoting Management: “I am pleased with our second quarter performance,” said Chief Executive Officer Bob Sasser. “Sales, customer traffic, average ticket, earnings and operating margin all continue to grow. Customers are responding in record numbers to our outstanding values in both discretionary and consumable merchandise categories. Our stores are well-stocked with a terrific merchandise presentation for back- to- school and the fall selling season.”
Key Stats (on next page)…