Dollar Tree Earnings: Here’s Why Shares are Up Now
Dollar Tree, Inc. (NASDAQ:DLTR) delivered a profit and beat Wall Street’s expectations, BUT 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 up 2%.
Dollar Tree, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18% to $0.59 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 8.26% to $1.87 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dollar Tree, Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.57. It missed the average revenue estimate of $1.87 billion.
Quoting Management: “I am pleased with the Company’s first quarter performance,” said President and CEO Bob Sasser. “Sales continued to grow, our earnings per share increased by 18% and we achieved the highest first-quarter operating margin in the Company’s history. Our stores are executing at a high level and we are well positioned with great assortments and the best values ever for Memorial Day, Graduation and an exciting summer selling season.”
Key Stats (on next page)…