FMP
Jun 5, 2024 4:59 PM - Davit Kirakosyan
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.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...