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Dollar Tree (NASDAQ:DLTR) reported Q1 earnings that met expectations and revised its outlook for the full fiscal year 2024. For Q1, the discount retailer report

Dollar Tree Reports In Line Q1 Results, Announces Potential Sale or Spin-off of Family Dollar

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Dollar Tree (NASDAQ:DLTR) reported Q1 earnings that met expectations and revised its outlook for the full fiscal year 2024.

For Q1, the discount retailer reported earnings per share (EPS) of $1.43, aligning with the analyst forecast of $1.43. Revenue for the quarter was $7.63 billion, slightly below the expected $7.65 billion.

Comparable sales across the enterprise grew by 1%, compared to 4.8% year-over-year, but fell short of the anticipated 2.33%. The gross profit margin was 30.8%, up from 30.5% the previous year, meeting the estimate of 30.8%.

For fiscal year 2025, the company forecasts an EPS range of $6.50 to $7.00, down from the previous range of $6.70 to $7.30, and below the consensus estimate of $6.89 at the midpoint. Expected revenue for the year is between $31 billion and $32 billion, compared to the projected $31.4 billion.

Additionally, the company announced a strategic review of its Family Dollar business, exploring options such as a potential sale or spinoff, with JPMorgan Chase leading the review.

This news, initially reported by the Wall Street Journal, led to a 5% increase in shares in pre-market today, but currently they are down more than 4% intra-day.

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