FMP
Nov 29, 2023 3:50 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Dollar Tree (NYSE:DLTR) reported its third-quarter earnings, with adjusted earnings per share (EPS) of 97 cents, a decrease from the $1.20 reported in the same quarter last year, and also lower than the anticipated $1.01.
Although Dollar Tree's net sales for the quarter reached $7.31 billion, marking a 5.4% increase year-over-year, this figure missed the expected $7.40 billion.
Despite the softer-than-expected earnings, the company noted its strong performance in a difficult market environment, emphasizing its growth in traffic, unit sales, and sales per square foot.
For the fiscal year 2024, Dollar Tree forecasts an EPS between $5.81 and $6.01, compared to a Street estimate of $5.97. The expected revenue is projected to be between $30.5 billion and $30.7 billion, missing the Street expectation of $30.82 billion.
For Q4, Dollar Tree estimates an adjusted EPS of around $2.68, with a possible variation of 10 cents, and anticipates revenue to be around $8.7 billion, with a potential deviation of $100 million. These figures compare to a Street estimate of an EPS of $2.57 on revenue of $8.73 billion.
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